Kuradashi and GreenEnergy & Company signed a memorandum of understanding to establish a joint venture to invest in grid-scale battery storage, the companies announced on June 30, 2026.
According to the statement, the joint venture will target commissioning five projects within FY2027. Kuradashi will handle asset management. The scale of the planned facilities has not been disclosed but based on the companies’ activities to date and the overall market environment, each could potentially be around 2MW/8MWh.
Each of the partners is expected to hold a 50% economic interest in the new company via a TK-GK (silent partnership) structure. Kuradashi and GreenEnergy & Company also plan to consider raising project finance and equity from other investors to expand the business in the future. The companies said they are negotiating definitive terms and will make further announcements when an agreement is concluded.
The tie-up with GreenEnergy & Company follows Kuradashi’s recent launch of a similar joint venture with Hongo Tsuji Smart Asset. The company previously also took a 13.37% stake in a Power Pool-affiliated special purpose company holding six projects and disclosed plans to develop multiple directly owned facilities, including the 1.99MW/8.14MWh Tochigi Koyama Power Storage Station, which was commissioned in September 2025.
GreenEnergy & Company previously said it would target developing and building 1GWh of grid-scale battery storage by April 2029. While the group has been primarily active as an engineering, procurement, and construction (EPC) contractor, it also holds equity stakes in multiple projects, including the 2MW/8MWh asset in Kirishima City, Kagoshima Prefecture, that it developed jointly with JPN ENERGY Integrated System and DMM.com.
