What is the purpose of this consortium?

To resolve the instability of the power grid caused by the expansion of renewable energy by installing large-scale battery storage systems to adjust and stabilize the electricity supply-demand balance.

Which companies are participating?

Led by Tokyu Land Corporation, a total of 8 companies are participating, including the Itochu Corporation group, Fuyo General Lease, Nomura Real Estate, Maeda Corporation, Nittetsu Kowa Real Estate, and Sumitomo Mitsui Trust Bank.

What is the scale of the project?

It is a project with a total cost of approximately 30 billion JPY to construct battery storage facilities at 6 locations nationwide with a total output of about 174MW. Operations are scheduled to begin in FY2027.

AI News NQ Analysis

Tokyu Land Corporation Group and 7 Major Domestic Companies Form a 30 Billion Yen Grid-Scale Battery Storage Consortium

NQ Score 50/100

Key facts

Tokyu Land Corporation Group and 7 Major Domestic Companies Form a 30 Billion Yen Grid-Scale Battery Storage Consortium
Tokyu Land Corporation, along with seven other major domestic companies, has formed a consortium, Libra G.K., with a total project cost of approximately 30 billion yen. They will develop six extra-high voltage grid-scale battery storage facilities across Japan, totaling about 174MW. Operations are set to begin sequentially from fiscal year 2027, aiming to contribute to the expansion of renewable energy by addressing grid stabilization challenges.
Source: PR TIMES
Date: Fri Apr 03 2026 20:00:03 GMT+0900 (Japan Standard Time)

Direct answer

Tokyu Land Corporation, along with seven other major domestic companies, has formed a consortium, Libra G.K., with a total project cost of approximately 30 billion yen. They will develop six extra-high voltage grid-scale battery storage facilities across Japan, totaling about 174MW. Operations are set to begin sequentially from fiscal year 2027, aiming to contribute to the expansion of renewable energy by addressing grid stabilization challenges.

Citation: Tokyu Land Corporation Group and 7 Major Domestic Companies Form a 30 Billion Yen Grid-Scale Battery Storage Consortium (Fri Apr 03 2026 20:00:03 GMT+0900 (Japan Standard Time)), PR TIMES
Source: PR TIMES
Date: Fri Apr 03 2026 20:00:03 GMT+0900 (Japan Standard Time)

AI Summary (NQ-processed)

Tokyu Land Corporation, along with seven other major domestic companies, has formed a consortium, Libra G.K., with a total project cost of approximately 30 billion yen. They will develop six extra-high voltage grid-scale battery storage facilities across Japan, totaling about 174MW. Operations are set to begin sequentially from fiscal year 2027, aiming to contribute to the expansion of renewable energy by addressing grid stabilization challenges.

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Frequently Asked Questions

Q: What is the purpose of this consortium?: A: To resolve the instability of the power grid caused by the expansion of renewable energy by installing large-scale battery storage systems to adjust and stabilize the electricity supply-demand balance.
Q: Which companies are participating?: A: Led by Tokyu Land Corporation, a total of 8 companies are participating, including the Itochu Corporation group, Fuyo General Lease, Nomura Real Estate, Maeda Corporation, Nittetsu Kowa Real Estate, and Sumitomo Mitsui Trust Bank.
Q: What is the scale of the project?: A: It is a project with a total cost of approximately 30 billion JPY to construct battery storage facilities at 6 locations nationwide with a total output of about 174MW. Operations are scheduled to begin in FY2027.