Entry into the Grid-Scale Battery Business in Funahashi Village, Toyama Prefecture
Hokuriku Electric Power and ML Power (a Mizuho Leasing subsidiary) have established 'Funahashi Battery Power Plant LLC' to enter the grid-scale battery business in Funahashi Village, Toyama Prefecture, aiming for operation in April 2027.
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- 📰 Published: April 24, 2026 at 00:23
- 🔍 Collected: April 23, 2026 at 16:02
- 🤖 AI Analyzed: April 23, 2026 at 17:05 (1h 3m after Collected)
Hokuriku Electric Power Company (hereinafter 'Hokuriku Electric Power') and ML Power Co., Ltd. (hereinafter 'ML Power'), a wholly-owned subsidiary of Mizuho Leasing Co., Ltd. (hereinafter 'Mizuho Leasing'), are pleased to announce the establishment of 'Funahashi Battery Power Plant LLC' to enter the grid-scale battery business in Funahashi Village, Nakaniikawa District, Toyama Prefecture, aiming to commence operations in April 2027.
In recent years, with the expanding introduction of renewable energy toward realizing carbon neutrality, securing adjustment capacity for power generation that fluctuates due to weather conditions and effectively utilizing renewable energy during times of low power demand have become social issues.
To solve these issues, this project will connect storage batteries to the power grid and trade in the electricity market. By charging when there is a surplus of electricity and discharging when there is a shortage, we will strive to adjust the supply-demand balance, level the output, and effectively utilize renewable energy.
This project is the first initiative of its kind for the Hokuriku Electric Power Group. Moving forward, the group will unite to handle the overall management of the battery plant's operations, including construction and maintenance, as well as formulating operation policies leveraging the supply-demand forecasting expertise cultivated in the electric power business.
The Hokuriku Electric Power Group aims to utilize the operational data and know-how gained from this project to provide customers with a one-stop aggregation service. This service will not only involve the construction and maintenance of facilities utilizing energy, including storage batteries, but also control and optimally operate the entire customer facility to maximize the effective use of electricity.
Mizuho Leasing, aiming to be a 'Multi-Solution Platformer' that solves social issues, is actively promoting energy-related businesses toward realizing a decarbonized society. Based on its track record of implementing multiple grid-scale battery projects, ML Power will be responsible for the project management of the entire business, from deal origination to development. Mizuho Leasing and ML Power will continue to accelerate their efforts in renewable energy and battery-related businesses, aiming to realize a sustainable society.
The three companies will continue to advance initiatives that ensure a stable power supply and contribute to the realization of a carbon-neutral society.
In recent years, with the expanding introduction of renewable energy toward realizing carbon neutrality, securing adjustment capacity for power generation that fluctuates due to weather conditions and effectively utilizing renewable energy during times of low power demand have become social issues.
To solve these issues, this project will connect storage batteries to the power grid and trade in the electricity market. By charging when there is a surplus of electricity and discharging when there is a shortage, we will strive to adjust the supply-demand balance, level the output, and effectively utilize renewable energy.
This project is the first initiative of its kind for the Hokuriku Electric Power Group. Moving forward, the group will unite to handle the overall management of the battery plant's operations, including construction and maintenance, as well as formulating operation policies leveraging the supply-demand forecasting expertise cultivated in the electric power business.
The Hokuriku Electric Power Group aims to utilize the operational data and know-how gained from this project to provide customers with a one-stop aggregation service. This service will not only involve the construction and maintenance of facilities utilizing energy, including storage batteries, but also control and optimally operate the entire customer facility to maximize the effective use of electricity.
Mizuho Leasing, aiming to be a 'Multi-Solution Platformer' that solves social issues, is actively promoting energy-related businesses toward realizing a decarbonized society. Based on its track record of implementing multiple grid-scale battery projects, ML Power will be responsible for the project management of the entire business, from deal origination to development. Mizuho Leasing and ML Power will continue to accelerate their efforts in renewable energy and battery-related businesses, aiming to realize a sustainable society.
The three companies will continue to advance initiatives that ensure a stable power supply and contribute to the realization of a carbon-neutral society.