Participation in Grid-Scale Battery Storage Consortium "Godo Kaisha Libra"

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Nippon Steel Kowa Real Estate Co., Ltd. has announced its investment and participation in the "Godo Kaisha Libra" grid-scale battery storage consortium. This consortium, formed by the Tokyu Fudosan Group and seven other major Japanese companies, will operate six extra-high voltage grid-scale battery storage facilities with a total output of approximately 174 MW and a total project cost of about 30 billion yen. Operations are slated to begin sequentially from fiscal year 2027, aiming to stabilize the power grid, promote renewable energy adoption, and provide backup power for business continuity.