#Japan #Energy Storage #Moriyama #Mori Trust #Lake Biwa

Mori Trust Launches the Lake Biwa Energy Storage Project

Mori Trust Co., Ltd. has officially announced the initiation of its energy storage project, located in Moriyama City, Shiga Prefecture. This marks the company’s first foray into system-based energy storage solutions, managed through a specially established purpose company. With this project, Mori Trust aims to enhance the stability of energy supply in response to the growing demand for renewable energy.

Background of the Project

As a real estate developer known for constructing office buildings and hotels in urban and regional areas, Mori Trust has been actively investing in green infrastructure. Recent efforts include integrating 100% renewable energy into its rental office buildings and promoting solar power projects. This proactive stance highlights the importance of a stable power supply as a foundational aspect of urban functions, corporate activities, and everyday life.

The advancement of renewable energy, while beneficial, poses challenges due to its reliance on external factors like weather conditions, which can disrupt the balance between supply and demand. The necessity to secure “regulatory power” that can respond dynamically to these fluctuations is becoming increasingly urgent, especially as the digital society evolves and temporary power shortages can broadly halt economic activities.

In this context, Mori Trust recognizes the significance of tackling these challenges by developing its energy storage project, which serves as one of the infrastructures to ensure regulatory power.

Commitment to Innovation

To maintain its edge in the energy sector, Mori Trust has been investing in related technologies, collaborating with companies like TeraWatt Technology, focusing on next-generation battery research, production, and mass production capabilities. Additionally, it has partnered with PowerX Co., Ltd., which specializes in manufacturing energy storage systems. This journey towards entering the energy storage market has been well-thought-out, analyzing investment opportunities and market dynamics thoroughly.

Through these strategic investments and collaborations, Mori Trust aims to effectively enter the energy storage service sector, marking an exciting new chapter in its corporate strategy.

Project Specifications

The Lake Biwa energy storage system will feature the following specifications:

• - Location: 2870 Jukkenya, Imahama-cho, Moriyama City, Shiga Prefecture
• - Project Name: Lake Biwa Energy Storage Project
• - Rated Output: 8.7 MW
• - Rated Capacity: 19.7 MWh
• - Battery Manufacturer: PowerX Co., Ltd.
• - Battery Type: Lithium-ion
• - Land Area: Approximately 16,000 square meters
• - Operational Start Date: Expected in the second half of 2027

Looking Ahead

Mori Trust is not only focusing on real estate investments but is also committed to diversifying its investment portfolio in high-growth areas like primary industry, regional revitalization, and carbon neutrality. The company will continue to assess societal changes and align its investments with areas expected to experience growth and demand in the future.

About Mori Trust Co., Ltd.

Founded in Tokyo, Mori Trust Co., Ltd. is a comprehensive real estate developer specializing in large-scale complex developments in urban areas and hospitality projects nationwide. By March 2025, the company is set to operate 52 buildings and commercial facilities, along with 37 hotel and resort properties by March 2026. Through various projects, including the preservation and utilization of historical structures as hotel developments, Mori Trust is dedicated to enhancing Japan's international competitiveness.