Execution of Project Finance for Grid-Scale Battery Storage Business
Nippon Chikudenchi Co., Ltd. has executed its first project finance loan agreement of 4.9 billion yen with Ricoh Leasing Co., Ltd. for 14 grid-scale battery storage facilities across Japan.
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- 📰 Published: April 27, 2026 at 23:00
- 🔍 Collected: April 27, 2026 at 14:31
- 🤖 AI Analyzed: April 28, 2026 at 01:22 (10h 50m after Collected)
Nippon Chikudenchi Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; Representative Director: Shuichi Urushihara; hereinafter 'the Company') is pleased to announce that it has signed a limit loan agreement with a credit limit of 4.9 billion yen between an SPC formed by the Company (hereinafter 'the Fund') and Ricoh Leasing Co., Ltd. (Headquarters: Minato-ku, Tokyo; President and CEO: Tokuharu Nakamura; hereinafter 'Ricoh Leasing') for 14 high-voltage grid-scale battery storage facilities nationwide. The first project finance funding was executed today. Asset management for this fund has been entrusted to eco properties Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; Representative Director: Miyabi Fukushima).
### Overview of the Project
In this project, the Company receives project finance-type financing from Ricoh Leasing as a non-recourse loan utilizing an SPC for the grid-scale battery storage business developed and operated by the Company.
The targets are a total of 14 high-voltage grid-scale battery storage facilities distributed nationwide. We expect to monetize these through the supply-demand adjustment market and the wholesale power market.
### Significance of this Project
This project represents a major milestone in our business development for the following reasons:
- Establishment of a project finance model in the grid-scale battery storage business.
- Realization of portfolio-based funding that bundles multiple projects, including development cases.
- Manifestation of evaluation by financial institutions regarding asset value and profitability for full-merchant grid-scale battery storage businesses.
While the Company has previously expanded its business primarily through development on its own balance sheet, this project enables development and operation with higher capital efficiency.
### Future Outlook
The Company will continue to promote the following in its grid-scale battery storage business:
- Expansion of the storage plant portfolio on a nationwide scale.
- Construction of a capital circulation model utilizing project finance and fund structures.
- Maximization of profit opportunities in response to the sophistication of the electricity market.
- Provision of investment opportunities by selling grid-scale battery facilities as financial products.
We aim to contribute to the expansion of renewable energy introduction and the stabilization of the power system while striving to build a sustainable energy infrastructure.
### Company Profile
- Company Name: Nippon Chikudenchi Co., Ltd.
- Address: 3F Kasumigaseki Building, 3-2-5 Kasumigaseki, Chiyoda-ku, Tokyo
- Established: July 29, 2024
- Business: Development, ownership, and operation of grid-scale battery storage facilities
- URL: https://www.nipponchikudenchi.co.jp/
### Contact Information
Nippon Chikudenchi Co., Ltd. (Person in charge: Murohoshi)
Email: murohoshi@nipponchikudenchi.co.jp
### Overview of the Project
In this project, the Company receives project finance-type financing from Ricoh Leasing as a non-recourse loan utilizing an SPC for the grid-scale battery storage business developed and operated by the Company.
The targets are a total of 14 high-voltage grid-scale battery storage facilities distributed nationwide. We expect to monetize these through the supply-demand adjustment market and the wholesale power market.
### Significance of this Project
This project represents a major milestone in our business development for the following reasons:
- Establishment of a project finance model in the grid-scale battery storage business.
- Realization of portfolio-based funding that bundles multiple projects, including development cases.
- Manifestation of evaluation by financial institutions regarding asset value and profitability for full-merchant grid-scale battery storage businesses.
While the Company has previously expanded its business primarily through development on its own balance sheet, this project enables development and operation with higher capital efficiency.
### Future Outlook
The Company will continue to promote the following in its grid-scale battery storage business:
- Expansion of the storage plant portfolio on a nationwide scale.
- Construction of a capital circulation model utilizing project finance and fund structures.
- Maximization of profit opportunities in response to the sophistication of the electricity market.
- Provision of investment opportunities by selling grid-scale battery facilities as financial products.
We aim to contribute to the expansion of renewable energy introduction and the stabilization of the power system while striving to build a sustainable energy infrastructure.
### Company Profile
- Company Name: Nippon Chikudenchi Co., Ltd.
- Address: 3F Kasumigaseki Building, 3-2-5 Kasumigaseki, Chiyoda-ku, Tokyo
- Established: July 29, 2024
- Business: Development, ownership, and operation of grid-scale battery storage facilities
- URL: https://www.nipponchikudenchi.co.jp/
### Contact Information
Nippon Chikudenchi Co., Ltd. (Person in charge: Murohoshi)
Email: murohoshi@nipponchikudenchi.co.jp