Regarding Investment Participation in Libra LLC
Sumitomo Mitsui Trust Panasonic Finance has invested in Libra LLC, a joint venture developing grid-scale energy storage plants with a total project cost of 30 billion yen, to contribute to grid stability and decarbonization.
📋 Article Processing Timeline
- 📰 Published: April 3, 2026 at 23:53
- 🔍 Collected: April 3, 2026 at 17:10
- 🤖 AI Analyzed: April 21, 2026 at 03:24 (418h 14m after Collected)
Sumitomo Mitsui Trust Panasonic Finance Co., Ltd. (Headquarters: Minato-ku, Tokyo, President: Keiichi Hamano, hereinafter "our company") announces that it has participated as an investor in Libra LLC (hereinafter "Libra"), which develops, owns, and operates grid-scale energy storage plants at multiple locations, with Tokyu Land Corporation (Headquarters: Shibuya-ku, Tokyo, President: Hiroaki Hoshino, hereinafter "Tokyu Land") serving as the fund manager.
Libra, through joint investment by 8 domestic companies including our company and Sumitomo Mitsui Trust Bank, Limited (Headquarters: Chiyoda-ku, Tokyo, President: Masatomo Yoneyama), will promote 6 extra-high voltage grid-scale energy storage plant properties (total project cost of approx. 30 billion yen, output of approx. 174MW) as target projects, aiming for sequential commencement of operations from fiscal 2027 onwards.
With the expanding introduction of renewable energy, responding to supply and demand fluctuations and ensuring the stability of the power grid have become challenges. As an adjusting power source to address these challenges, the importance of grid-scale energy storage plants is increasing. Grid-scale energy storage plants suppress supply and demand fluctuations and contribute to the stabilization of the power grid by discharging power during times of high power demand or when power generation is insufficient. Our company will continue to contribute to the popularization and expansion of grid-scale energy storage plants by utilizing the knowledge and know-how gained through collaboration with the 8 investing companies, in addition to Tokyu Land's high project development capabilities.
Going forward, our company will continue to provide solutions that maximize our non-bank functions toward the realization of a decarbonized society.
[Overview of Libra LLC]
Company Name: Libra LLC
Representative: Hiroyuki Tanaka, Executive Officer, Libra General Incorporated Association
Output Capacity (MW) / Total Project Cost: 174MW / Approx. 30 billion yen
Locations: Hokkaido, Aomori Prefecture, Miyagi Prefecture, Fukushima Prefecture, Mie Prefecture, Fukuoka Prefecture
Investors: Tokyu Land Corporation, IBeeT Co., Ltd., 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, Sumitomo Mitsui Trust Panasonic Finance Co., Ltd.
Project Management: Tokyu Land Corporation, ITOCHU Corporation
Libra, through joint investment by 8 domestic companies including our company and Sumitomo Mitsui Trust Bank, Limited (Headquarters: Chiyoda-ku, Tokyo, President: Masatomo Yoneyama), will promote 6 extra-high voltage grid-scale energy storage plant properties (total project cost of approx. 30 billion yen, output of approx. 174MW) as target projects, aiming for sequential commencement of operations from fiscal 2027 onwards.
With the expanding introduction of renewable energy, responding to supply and demand fluctuations and ensuring the stability of the power grid have become challenges. As an adjusting power source to address these challenges, the importance of grid-scale energy storage plants is increasing. Grid-scale energy storage plants suppress supply and demand fluctuations and contribute to the stabilization of the power grid by discharging power during times of high power demand or when power generation is insufficient. Our company will continue to contribute to the popularization and expansion of grid-scale energy storage plants by utilizing the knowledge and know-how gained through collaboration with the 8 investing companies, in addition to Tokyu Land's high project development capabilities.
Going forward, our company will continue to provide solutions that maximize our non-bank functions toward the realization of a decarbonized society.
[Overview of Libra LLC]
Company Name: Libra LLC
Representative: Hiroyuki Tanaka, Executive Officer, Libra General Incorporated Association
Output Capacity (MW) / Total Project Cost: 174MW / Approx. 30 billion yen
Locations: Hokkaido, Aomori Prefecture, Miyagi Prefecture, Fukushima Prefecture, Mie Prefecture, Fukuoka Prefecture
Investors: Tokyu Land Corporation, IBeeT Co., Ltd., 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, Sumitomo Mitsui Trust Panasonic Finance Co., Ltd.
Project Management: Tokyu Land Corporation, ITOCHU Corporation