Participation and Investment in a 30 Billion Yen Grid-Scale Battery Consortium
IBeeT and 7 major firms formed 'LLC Libra' to invest approx. 30 billion yen in 6 extra-high voltage grid-scale battery storage facilities (174MW), starting operations from FY2027.
📋 Article Processing Timeline
- 📰 Published: April 3, 2026 at 21:00
- 🔍 Collected: April 3, 2026 at 12:30
- 🤖 AI Analyzed: April 21, 2026 at 04:22 (423h 51m after Collected)
IBeeT Corporation (Representative Director: Yoichi Murakami, hereinafter "IBeeT") announces the formation of the grid-scale battery consortium "LLC Libra" on March 26, 2026, through a joint investment with Tokyu Land Corporation, Fuyo General Lease Co., Ltd., Nomura Real Estate Development Co., Ltd., Maeda Corporation, NIPPON STEEL KOWA REAL ESTATE CO., LTD., Sumitomo Mitsui Trust Bank, Limited, and Sumitomo Mitsui Trust Panasonic Finance Co., Ltd. The consortium will advance 6 extra-high voltage grid-scale battery storage projects (total project cost: approx. 30 billion yen, output: approx. 174MW, hereinafter "this project").
The facilities are scheduled to begin operations sequentially from FY2027 onwards, aiming to contribute to the popularization and expansion of renewable energy by supplying balancing power that addresses grid shortages.
Market Context & Significance of the Initiative
To realize carbon neutrality by 2050, the popularization of renewable energy (hereinafter "RE") is an urgent issue. However, RE output fluctuates greatly depending on weather and time of day. With its expanded introduction, the importance of "grid-scale battery storage" to complement these fluctuations is rapidly increasing.
IBeeT has been advancing equipment sales and lease services for the grid-scale energy storage system "Bluestorage" deployed by Itochu Corporation. Additionally, we have promoted investments in extra-high voltage storage facilities, including the Otoku energy storage plant, through a joint investment with Reene Corporation (a subsidiary of Tokyu Land Corporation).
Through our participation and investment in this project, we will further accelerate the supply of balancing power in the power grid, contributing to the further expansion of RE and the realization of a sustainable society.
Overview of the Consortium
1. List of Investors and Business Partners
2. Target Projects (6 locations nationwide, total output approx. 174MW)
About IBeeT's Business Activities
IBeeT was established in 2021 with investments from Itochu Corporation and Tokyo Century Corporation to broadly popularize distributed power sources toward the realization of a sustainable and highly flexible energy society.
Initially focusing on the sales and leasing of residential solar and battery storage systems
The facilities are scheduled to begin operations sequentially from FY2027 onwards, aiming to contribute to the popularization and expansion of renewable energy by supplying balancing power that addresses grid shortages.
Market Context & Significance of the Initiative
To realize carbon neutrality by 2050, the popularization of renewable energy (hereinafter "RE") is an urgent issue. However, RE output fluctuates greatly depending on weather and time of day. With its expanded introduction, the importance of "grid-scale battery storage" to complement these fluctuations is rapidly increasing.
IBeeT has been advancing equipment sales and lease services for the grid-scale energy storage system "Bluestorage" deployed by Itochu Corporation. Additionally, we have promoted investments in extra-high voltage storage facilities, including the Otoku energy storage plant, through a joint investment with Reene Corporation (a subsidiary of Tokyu Land Corporation).
Through our participation and investment in this project, we will further accelerate the supply of balancing power in the power grid, contributing to the further expansion of RE and the realization of a sustainable society.
Overview of the Consortium
1. List of Investors and Business Partners
2. Target Projects (6 locations nationwide, total output approx. 174MW)
About IBeeT's Business Activities
IBeeT was established in 2021 with investments from Itochu Corporation and Tokyo Century Corporation to broadly popularize distributed power sources toward the realization of a sustainable and highly flexible energy society.
Initially focusing on the sales and leasing of residential solar and battery storage systems