TOKYO, Jun 19 (Pulse News Wire) – PORT INC. (7047.T) announced today that its board of directors approved the development of three new grid-scale battery storage facilities located in Kyoto's Kizu River, Naganohara in Nagano Prefecture, and Fukuchiyama in Kyoto Prefecture.
With these investments, the company expects to achieve its goal of developing up to ten such facilities by March 2027. Currently, PORT INC. operates three existing battery storage sites and plans to bring seven more online by the end of March 2027. Each of the newly approved projects involves approximately 2 MW of power capacity and either 8 MWh or 5 MWh of energy storage capacity. Construction is scheduled to begin around August 2026, with expected completion times ranging from May 2027 to January 2028.
The total investment for the three new facilities is estimated at approximately ¥1.100 billion. Funding will come from green loans secured through multiple financial institutions. Specific figures for individual investments are not disclosed due to their relatively minor impact on the group’s overall performance and financial condition. Regarding the impact on fiscal year 2027 earnings, PORT INC. stated that the anticipated effects have been incorporated into its previously released forecast for the same period.
Should there be significant developments requiring further disclosure, the company will promptly update investors accordingly.
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