IBeeT Participates and Invests in a 30 Billion JPY Grid-Scale Battery Consortium
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IBeeT has jointly established the grid-scale battery consortium "Libra LLC" with major companies including Tokyu Land, Fuyo General Lease, and Nomura Real Estate. The consortium will promote six special high-voltage grid-scale battery storage facilities with a total project cost of approximately 30 billion JPY and an output of about 174 MW, aiming to contribute to the wider adoption of renewable energy by supplying needed balancing power.