RS Technologies Co.,Ltd. [3445.T]
TOKYO, Jun 19 (Pulse News Wire) – RS Technologies CO.,LTD. (3445.T) announced today that its board of directors approved a plan to participate in a grid-scale battery storage project through an anonymous partnership investment.
The project, known as CDH Japan BESS4, involves a system with a rated capacity of 99.82 MW and approximately 400 MWh, which can supply power continuously for about four hours. This initiative aims to address growing electricity demand management needs driven by increased renewable energy adoption and contribute to sustainable societal development. The company's participation is expected to stabilize the power grid, enhance effective utilization of renewable energy sources, and establish a new revenue stream.
The investment ratio for RS Technologies is 49%, with an estimated total investment amounting to about ¥16.40 billion (approximately ¥8.040 billion). The planned investment period spans from August 2026 to August 2029, with operations scheduled to commence in October 2029. In a statement, RS Technologies highlighted its commitment to enhancing long-term corporate value through this strategic move.
The company emphasized that it would promptly disclose any significant impacts on consolidated performance and financial conditions as necessary.
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