Sparx Group Co ( (JP:8739) ) has issued an update.
SPARX Group Co., Ltd. announced its participation in a significant battery storage project in Sapporo, Hokkaido, alongside Kansai Electric Power Co., Inc. and JA Mitsui Leasing, Ltd. The project aims to develop two energy storage facilities with a combined output of 100 MW and a capacity of 351 MWh, set to begin operations in April 2028. This initiative marks SPARX’s first foray into the storage business and is part of its strategy to expand renewable energy utilization in Japan. The facility will be the largest of its kind in Japan and will operate without relying on long-term decarbonized power auctions or subsidies. This project is expected to enhance grid stability and promote the use of renewable energy, contributing to Japan’s carbon neutrality goals.
More about Sparx Group Co
SPARX Group Co., Ltd. operates in the financial services industry, focusing on investment management. Its subsidiary, SPARX Green Energy & Technology, is involved in energy projects, particularly those that support renewable energy and sustainability.
YTD Price Performance: 14.06%
Technical Sentiment Signal: Sell
Current Market Cap: $341.2M
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