Press Releases

The energy storage platform jointly established by Stonepeak and CHC (the “Platform”) today announced that it has secured 20-year fixed revenue capacity market contracts for five battery energy storage system (“BESS”) projects totaling 348MW of gross capacity in the latest round of Japan’s Long-term Decarbonization Auction (the “Auction”). The contracts represent the Platform’s second consecutive win in the government tender, following the inaugural Auction in 2024, in which the Platform was awarded contracts for four BESS projects totaling 131MW.

Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, and CHC, a leading battery energy storage system (“BESS”) project development and electricity data management company headquartered in Singapore, today announced the creation of a platform focused on the development, construction, and operation of energy storage projects in Japan.

Hitachi signs an MOU with MUFG Bank, Ltd., CHC Japan K.K. and Hartree Partners Singapore Pte. Limited relating to the expansion of grid-scale battery storage business

Construction is set to begin on a battery storage project in Japan through a joint venture (JV) involving CATL with utility Shikoku Electric Power.

Japanese electricity provider Shikoku Electric Power Co Inc (TYO:9507) has set up a joint venture with compatriot CHC Japan Co Ltd to develop a 12-MW/35.8-MWh battery energy storage project in Ehime prefecture, western Japan.

Shikoku Electric Power Company, Incorporated (Head Office: Takamatsu City, Kagawa Prefecture, Japan; Director and President: Keisuke Nagai, “Shikoku Electric”) and CHC Japan K.K. (Head Office: Tokyo, Japan; Director: Al-Awa Ahmed Safwat, “CHC Japan”), have jointly established Matsuyama Mikan Energy LLC to develop and operate a grid-scale battery energy storage project(*) in Matsuyama City, Ehime Prefecture, Japan (the “Project”).

Shikoku Electric Power Co (9507.T) has teamed-up with CHC Japan K.K. to develop a grid-scale battery energy project in western Japan, both companies said in a statement, as the country needs to expand in storage to accommodate renewable energy capacity.

Construction is set to begin on a battery storage project in Japan through a joint venture (JV) involving CATL with utility Shikoku Electric Power.