– Commences Joint Exploration, Acquisition, and Feasibility Study of Project Sites –
GATES Inc. (Head Office: Shinjuku-ku, Tokyo; President & CEO: Yuji Sekino; hereinafter “GATES”) has entered into a Basic Agreement for Business Alliance (MOU) with Kansai Electric Power Co., Inc. (Head Office: Osaka City, Osaka; hereinafter “Kansai Electric Power”) regarding the exploration and acquisition of project sites and the examination of business schemes for grid-scale battery storage projects. The two companies have commenced joint studies based on this agreement.
■ Kansai Electric Power’s Strategy for Grid-Scale Battery Storage Business
Kansai Electric Power is proactively expanding nationwide its grid-scale battery storage total support service, “Kan-denchi,” by leveraging the comprehensive capabilities of the Group. Through the development of approximately 1 gigawatt (1 GW) by the early 2030s, the Company aims to become a leading top runner in Japan.
■ Background of the Business Alliance
As the introduction of renewable energy continues to expand, the role of grid-scale battery storage in stabilizing the balance between electricity supply and demand is becoming increasingly important.
In implementing such projects, appropriate site selection and evaluation are required, taking into account grid interconnection conditions and compliance with relevant laws and regulations.
This alliance leverages GATES’ expertise in land exploration and rights coordination within the real estate sector, together with Kansai Electric Power’s specialized knowledge in the energy business, to jointly examine the feasibility of potential projects.
■ Scope of the Alliance (Matters for Joint Examination)
The two companies will engage in good-faith discussions on the following matters:
・Exploration, acquisition, and information sharing of project sites intended for grid-scale battery storage projects
・Appropriate evaluation of candidate sites from technical, legal, and business perspectives
・Confirmation and advisory support regarding necessary administrative procedures, as require
・Examination of business models and allocation of roles
This alliance is structured on a non-exclusive basis and does not constitute a commitment to implement specific projects, acquire land, or make investments. Based on the outcomes of future discussions, the parties will consider the feasibility of entering into individual agreements.
■ Future Outlook
Through this alliance, GATES will further deepen its expertise in the energy infrastructure sector and, while continuing discussions with related parties, will advance initiatives aimed at realizing a sustainable society.
Any material developments will be announced in a timely and appropriate manner.
■ About GATES Inc.
GATES promotes digital transformation (DX) in the real estate sector and provides services in land exploration, rights coordination, and project commercialization support.
The company currently operates “TIKTAK” , a land exploration and project commercialization support platform for grid-scale battery storage projects, and is engaged in discussions with multiple business partners.
【TIKTAK】
Services：Matching for battery storage project sites; structured finance support
Target Clients：Battery storage operators, renewable energy operators, and landowners
URL：https://tiktak-jp.com/
Press Release：https://prtimes.jp/main/html/rd/p/000000058.000081261.html
■ Comment from Yuji Sekino, President & CEO, GATES Inc.
“As the introduction of renewable energy progresses, the role of battery storage in supporting a stable supply of electricity is becoming increasingly vital as part of our social infrastructure.
Its implementation requires not merely the installation of equipment, but multifaceted consideration—including harmony with local communities, compliance with laws and regulations, and conformity with grid interconnection conditions.
This alliance represents an initiative to jointly examine rational and sustainable approaches for society, leveraging Kansai Electric Power’s specialized expertise in the energy sector together with our company’s accumulated strengths in land exploration and coordination within the real estate domain.
As a platform operator, we place importance on fairness and transparency while engaging in dialogue with multiple stakeholders. This alliance is part of that broader effort and is not limited to any specific framework.
Moving forward, we will continue to carefully build initiatives that contribute to the stabilization of energy infrastructure, while valuing harmony with local communities.”
► GATES Inc.
► GATES Inc.
Headquarters:
Sumitomo Realty & Development Shinjuku Grand Tower, 34F
8-17-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo, Japan
President & CEO: Yuji Sekino
Founded: December 2012
Capital: JPY 100 million
Business Areas:
■ Financial Sector
• RWA (Real World Asset) business
• Crowdfunding business
• Lending business
■ Renewable Energy Sector
• Development and operation management of grid-scale battery storage systems
• Structured finance for grid-scale battery storage projects
• Solar power generation investment business
■ Real Estate Investment Sector
• Sales of investment studio apartments
• Brokerage and sales of investment studio apartments
• Whole-building real estate investment business
• Overseas real estate investment business
Website: https://gatestokyo.co.jp/