Announcement of Conclusion of Loan-Related Agreement for Our Energy Storage Business

Overview of Loan Agreement Conclusion

Renova, Inc. has formed project finance by concluding a loan-related agreement of approximately 6 billion yen with SBI Shinsei Bank, Ltd. for R One Energy Storage LLC, which is developing a 90MW/270MWh energy storage project in Kawahigashi, Kikugawa City, Shizuoka Prefecture. This project is one of the largest market-sale type energy storage projects in Japan and represents an advanced example of non-recourse project finance. The battery facility will mainly be utilized in the supply-demand adjustment market and capacity market, contributing to the stabilization of the power grid.

Future Prospects and Corporate Strategy

As of March 2026, Renova's operating and construction-started energy storage business installed capacity has reached 352MW, and the medium-term management plan aims to build a cumulative installed capacity of 900MW by 2030. This loan agreement has been factored into the earnings guidance revision announced on March 27, 2026. Renova will continue to promote the development of the energy storage business toward realizing a decarbonized society and enhance corporate value.