Execution of Project Finance for Grid-Scale Battery Storage Business

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