Mikimori plans to expand into grid-scale battery storage development and operation services, the company announced on July 18, 2025. It aims to invest 10 billion yen into the new business unit over the next three years.
According to the statement, the real estate developer and trading company will offer a one-stop solution, supporting investors with site identification and project development, engineering, procurement, and construction (EPC), aggregation, and operation and maintenance (O&M).
The company plans to begin by investing 1 billion yen within the first year to build inventory and set up the unit’s organizational structure. It aims to apply its know-how from the real estate business to storage development. With this being its first formal entry into the energy sector, it plans to expand its capabilities to include trading in the power markets, managing distributed energy resources, and attracting ESG investments and green finance.
It is unclear whether Mikimori wants to act directly as an aggregator or is seeking to partner with an established provider.
Mikimori joins a number of other real estate companies entering grid-scale storage. Like Dualtap, it chose to focus on developing projects for third parties instead of taking ownership stakes in assets. It joins an increasingly competitive segment of turnkey development and operation, following Kansai Electric Power and NTT Anode Energy, among others.
