Participation in 'Kan-denchi Fund' Targeting Grid-Scale Energy Storage Investments

JA Mitsui Leasing Co., Ltd. (Headquarters: Chuo-ku, Tokyo; President and CEO: Yasuyuki Matsumoto, hereinafter "JA Mitsui Leasing") announces its participation as a limited liability partner in the "Kan-denchi Fund" (hereinafter "the Fund"), established by Kansai Electric Power Co., Inc. (Headquarters: Osaka, Osaka Prefecture; President and CEO: Nozomu Mori, hereinafter "Kansai Electric Power"), Kanden Co., Ltd. (Headquarters: Kita-ku, Osaka; President and CEO: Takahisa Uesaka, hereinafter "Kanden"), and MUFG Sustainable Energy Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; Representative Director: Yosuke Suzuki), a subsidiary of Mitsubishi UFJ Bank, Ltd. (hereinafter "MUFG Bank"). The Fund targets grid-scale energy storage facilities for investment.

1. Background and Purpose of Investment

In recent years, as the adoption of renewable energy sources such as solar and wind power expands, there has been an increasing number of cases where output control—curtailing power generation during periods of surplus electricity—is implemented. In contrast, energy storage facilities can contribute to stabilizing electricity supply and demand by charging during periods of surplus generation and discharging when supply is insufficient.

The Fund was established with the objective of developing and deploying energy storage facilities that support the expanded adoption of renewable energy and stabilize electricity supply and demand. It will focus on investing in grid-scale energy storage projects developed and operated by the Kansai Electric Power Group, targeting approximately 250,000 kW in capacity.

The JA Mitsui Leasing Group has positioned "energy transition" as a growth area, with "business model evolution" as one of the key initiatives in its five-year business enhancement plan, "Sustainable Evolution." The Group has been actively involved in numerous renewable energy and energy storage projects, including energy storage initiatives in Sapporo, Hokkaido (March 2025), and Mito, Ibaraki Prefecture, and Hamamatsu, Shizuoka Prefecture (September 2025), as announced in press releases.

Through its investment in the Fund, JA Mitsui Leasing will contribute to the further expansion of grid-scale energy storage projects, thereby promoting the wider adoption of renewable energy and stabilizing electricity supply and demand. Moving forward, the company will continue initiatives that support the realization of a decarbonized society and the development of local communities, contributing to the achievement of a sustainable society.

2. Overview of the Investment Target

Fund Name

Kan-denchi Fund No. 1 Investment Business Limited Partnership

Establishment Date

March 31, 2026

Investment Target

High-voltage energy storage facilities (holding anonymous partnership investment shares)

Investors

(General Partners)

Kan-denchi Fund LLC (invested by Kansai Electric Power)

Kanden Battery Fund LLC (invested by Kanden)

MUFG Sustainable Energy Co., Ltd. (invested by MUFG Bank)

Fund Size

6.5 billion yen

Duration

26 years

[Related SDGs]

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