Kuradashi Inc. (Headquarters: Shinagawa-ku, Tokyo; President & CEO: Kohei Kawamura, hereinafter "Kuradashi") and Green Energy & Company, Inc. (Headquarters: Minato-ku, Tokyo; President: Takafumi Suzue, hereinafter "Green Energy & Company") have reached a basic agreement to implement a joint venture aimed at promoting and expanding the adoption of grid-connected storage batteries in Japan. This joint venture will utilize a GK-TK (Godo Kaisha - Tokumei Kumiai) scheme, establishing a joint venture entity with equal 50% investment from both companies, with the goal of commencing operations of 5 facilities by fiscal year 2027. Furthermore, the companies plan to explore future expansion by utilizing project finance from financial institutions and attracting new TK investors, thereby promoting the creation of a new business model for renewable energy infrastructure investment. ■ Background of the Initiative Kuradashi's mission is "To bring fruit to the future through good business," and its vision is "To become Japan's No. 1 impact group." The company develops businesses that bring tangible impacts to society, the environment, and the economy by converting social issues into economic value. In its medium-term management plan announced in August 2024, Kuradashi identified "New Business (including M&A)" as one of the three pillars of its growth strategy. In December of the same year, it launched "Green Infrastructure Company," marking its full-scale entry into the renewable energy sector, including the grid-connected storage battery business. To date, Kuradashi has acquired the "Tochigi Oyama Storage Battery Facility," announced investment plans for a total of 4 projects, and is advancing the development and operation of 3 domestic projects through a joint venture (Kuradashi Investment LLC) with Tsuji・Hongō Smart Asset Co., Ltd., rapidly expanding its foundation for the promotion of renewable energy and the reduction of power loss. Green Energy & Company's purpose is "To mak