Fit Founder and Kaihan Forge Strategic Partnership in Renewable Energy Sector

On May 30, 2025, Fit Founder, Inc. announced their formal agreement with Kaihan Inc., based in Nagoya, Japan, regarding a foundational memorandum for a partnership focusing on renewable energy projects. This strategic alliance aims to combine their resources and expertise to develop efficient solar power generation facilities.

Reasons for the Partnership

Kaihan has made significant strides in the renewable energy arena, highlighted by a long-term Power Purchase Agreement (PPA) established on May 22, 2023. This contract was entered into with a notable global IT firm, marking a pivotal move for the company. By the end of March 2025, they plan to develop a total of 31.350 MW-DC or approximately 330 Non-FIT low-pressure solar power plants throughout Japan.

As of May 30, 2025, there are already 148 locations (7.326 MW-AC) acquired, with construction underway. The remaining 182 locations (9.009 MW-AC) are targeted for acquisition by the end of December 2025, as they work with various businesses to meet these goals. The collaboration with Fit Founder leverages their vast experience in solar energy projects, ensuring a consistent and strategic approach to the acquisition and development of these energy assets.

Details of the Agreement

The fundamental memorandum outlines several key components for collaboration:
1. Supply of Solar Power Plant Equipment: Fit Founder will provide a complete range of solar power plant equipment to Kaihan’s renewable energy subsidiaries.
2. Annual Supply Goal: There is an established target to supply 5 MW-AC of equipment for approximately 101 locations by December 2025.
3. Progressive Acquisition: Kaihan’s group will gradually acquire the supplied solar power equipment and plans to outsource construction to third-party contractors.

Timeline

Key Dates

- Company Approval Date: May 30, 2025
- Contract Signing Date: Scheduled for May 30, 2025
- Business Partnership Start Date: Anticipated for early June 2025

Future Prospects

The foundational memorandum will also involve KR Energy 1 LLC, a consolidated subsidiary of Fit Founder, located in Minato, Tokyo. It signifies the acquisition of fixed assets through coordinated efforts and will be publicly disclosed accordingly once acquisitions are finalized. Though there are no significant changes to current performance forecasts, any new pertinent information will be released promptly.

Summary of Current Acquisition Status

Item	Count	Output Scale (AC kW)	Annual Generation Forecast (kWh)
-----	-	----	----------
Current Acquisition (A)	148	7,326	17,335,420
Total Plan (B)	330	16,335	38,975,789

For reference, the annual generation forecast of 12,383,723 kWh reflects the initial predictions for output from assets already in operation. By aligning their resources and experiences in renewable energy, Fit Founder and Kaihan aim to make significant advancements in clean energy production.