A.D.Works plans to expand its grid-scale battery storage portfolio to 10 projects by the end of FY2026 as part of a broader growth strategy released by parent company AD Works Group on June 15, 2026.
According to the document, A.D.Works will initially build and own battery storage assets to gain operational expertise and capture high balancing market revenues. As the sector matures, it intends to expand into fee-based development and co-investment projects. Ultimately, the company eyes developing assets for sale and providing ongoing asset management services to their new owners.
When announcing the strategy, the TSE Prime-listed real estate company said it acquired sites in Kumamoto, Miyazaki, and Mie prefectures. It did not disclose their capacities but previous similar projects suggest that they are likely high-voltage assets, approximately 2MW/8MWh each. All three projects are expected to begin commercial operation in 2027.
The acquisitions follow the company’s first operational project, ADW Mie Matsusaka Power Storage Station, which began participating in the primary balancing market recently, and two projects in Kumamoto and Kagoshima prefectures that are expected to be commissioned in 2026 and 2027, respectively.
Gradually transitioning from purely owning merchant assets to developing projects for sale and providing fee-based services would allow A.D.Works to capitalize on the grid-scale battery storage sector’s growth while limiting its long-term exposure to market risk.
