CORREC Co., Ltd.
Notice on entry into the system-scale storage battery business and acquisition of storage battery facilities
Decided to enter the system-scale storage battery business. Acquired the Okaya Power Plant (tentative) and plan to commence operations by March 2027. Initial investment is undisclosed, financed through bank loans. The impact on business performance is expected to be minor in the February 2027 period.
Key Figures
- Storage plant output: about 2 MW
- Storage capacity: about 8 MWh
- Scheduled start of operations: March 2027
AI要約
Business overview
The business involves acquiring and owning system-scale storage battery facilities, outsourcing EPC work for construction, and entrusting operations to an aggregator to trade in the supply-demand balancing market to generate revenue. It aims to play a role as social infrastructure that supports renewable energy adoption and grid stability.
Financing plan and impact
The acquisition price for the assets is undisclosed but amounts to 30% or more of the company group’s consolidated net assets. Initial outlays will be financed through borrowings from financial institutions. The impact on consolidated results for the February 2027 period is expected to be minor. Further disclosures will be provided as facts materialize.
CORREC Co., Ltd.
Company overview · Stock price · Financial data · All IR
