[Towards Building Power Infrastructure in the Renewable Energy Era] Green Energy & Company and Kuradashi Reach Basic Agreement on Joint Venture to Promote Grid-Connected Battery Storage Systems

Green Energy & Company, Inc. (Head Office: Minato-ku, Tokyo / Itano-gun, Tokushima; President and Representative Director: Takafumi Suzue, hereinafter "Our Company") has reached a basic agreement with Kuradashi, Inc. (Head Office: Shinagawa-ku, Tokyo; Listed on TOKYO PRO MARKET, President and CEO: Kohei Kawamura, hereinafter "Kuradashi") to implement a joint venture aimed at promoting and expanding grid-connected power storage systems 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, and aims to commence operation of 5 facilities by fiscal year 2027. Furthermore, we plan to promote the creation of a new business model for renewable energy infrastructure investment, with future considerations including the utilization of project finance from financial institutions and further business expansion through the participation of new TK investors.

1. Background of the Joint Venture

Under our purpose, "To make the earth and people green with new common sense," Our Company has been building new energy infrastructure to realize a society where 10 million people can "create their own energy to use." We have expanded our network nationwide as a group company, with approximately 5,500 power generation facility development projects completed (as of April 2026).

Kuradashi, listed on TOKYO PRO MARKET, is a social impact company that balances solving social issues with economic viability through food loss reduction and renewable energy businesses, with the mission "To bring fruit to the future with good business."

Starting with food loss reduction, Kuradashi operates the social good market "Kuradashi" and other businesses, and has expanded its business domain by entering the renewable energy business in January 2025.

Our Company and Kuradashi have now reached a basic agreement to implement a joint venture aimed at promoting grid-connected power storage systems, which are essential for realizing the 7th Strategic Energy Plan advocated by the government. The investment ratio in this business will be 50% Green Energy & Company and 50% Kuradashi.

2. Business Overview

This joint venture will adopt the GK-TK scheme, enabling robust governance and flexible financing, and will initially aim to commence operation of 5 facilities by fiscal year 2027.

Conceptual Scheme for this Business

Through this joint venture, Green Energy & Company and Kuradashi will integrate their respective strengths in the grid-connected battery storage business, further accelerating business expansion in the renewable energy field centered on battery storage.

Additionally, as part of this joint venture's scheme, we will actively utilize project finance from financial institutions and aim for further scale expansion depending on the participation of new TK investors, striving to maximize the economic circulation in the renewable energy market.

3. Overview of the Joint Venture Partner

(1) Name: Kuradashi, Inc. (2) Location: Meguro Center Building 5F, 3-2-1 Kami-Osaki, Shinagawa-ku, Tokyo (3) Representative: Kohei Kawamura, President and CEO (4) Business Description: Planning and operation of the social good market "Kuradashi" aiming to contribute to food loss reduction, and renewable energy business (5) Capital: 10,337 thousand yen (6) Date of Establishment: July 7, 2014 (7) Relationship with Our Company Capital Relationship: Not applicable. Personnel Relationship: Not applicable. Business Relationship: Not applicable. Relationship with Related Parties: Not applicable.

4. Future Outlook

Discussions are ongoing towards the commencement of the joint venture. We will provide further notification once a resolution to conclude the joint venture agreement has been made. Furthermore, the impact of this matter on the consolidated performance for the current fiscal year is currently under review, including other factors, and we will promptly disclose any matters that require disclosure in the future.

Company Name

Green Energy & Company, Inc.

Location

[Tokyo Head Office] 12F, Shiodome Building, 1-2-20 Kaigan, Minato-ku, Tokyo

[Tokushima Head Office] 39-1 Goke, Nakai-ra, Matsushige-cho, Itano-gun, Tokushima

Representative

Takafumi Suzue, President and Representative Director

Established

April 1, 2009

Capital

971 million yen (including capital reserve, as of April 30, 2026)

Business Description

Management of group companies composed of GX-related companies and related businesses.

HP

https://green-energy.co.jp/

≪Contact for Inquiries Regarding This Release≫

Green Energy & Company, Inc. Inquiries: https://green-energy.co.jp/contact/ *Please inquire via "Inquiries regarding IR and interviews" on the form above. TEL: 050-1871-0651 (General)