Partnership to Expand Energy Storage Services in Japan

In a strategic move aimed at enhancing their energy storage service offerings, Remixpoint, Inc. (Ticker: 3825), based in Minato, Tokyo, has entered into a partnership with Second Foundation Japan LLC and IQg. This collaboration seeks to develop comprehensive solutions for energy storage facilities, addressing the growing demand for sustainable energy infrastructure.

Background of the Partnership

The ratio of renewable energy in Japan's power mix has surged impressively from 9.4% in 2010 to a projected 22.9% in 2023. This growth aligns with the government's goal of achieving carbon neutrality by 2050, indicating an ongoing need for further expansion of renewable energy sources. However, maintaining a stable balance in power supply and demand is crucial, and fluctuations in renewable energy production—subject to weather and time of day—necessitate the integration of energy storage systems.

Specifically, energy storage facilities that connect directly to the power grid are critical for stabilizing supply and demand, thus emerging as an essential component in new energy business models. Remixpoint has consistently supported customers exploring energy storage solutions by providing comprehensive services, from land acquisition to the design, sale, and installation of grid-tied energy storage systems. Currently, the company is developing storage facilities in two locations within Tainai City, Niigata Prefecture, with operations slated to commence in winter of next year and plans for further expansion thereafter.

Second Foundation Japan LLC, a subsidiary of the global company Second Foundation focused on managing renewable energy resources primarily in Europe, is positioned to enhance Remixpoint's capabilities. Founded in the Czech Republic, Second Foundation boasts significant achievements in aggregating energy resources, with 4.5 GW already operational in Europe. Meanwhile, IQg, as the general distributor for Second Foundation, specializes in the development of solar power plants and energy storage facilities, also venturing into power retail and other energy services, backed by a robust customer network.

This partnership broadens Remixpoint's scope in the energy storage sector, allowing them to offer unified services from development through to operation, thereby addressing sustainability concerns while maximizing client revenue potential. Ultimately, the collaboration aims to contribute to stabilizing energy infrastructure and solving social challenges tied to energy supply.

Overview of the Partnership

The collaboration will establish a framework aimed at enhancing service offerings in the energy storage sector, with defined roles for each partner:

- IQg: Will provide Remixpoint with pertinent information about clients interested in entering or expanding into the energy storage market.
- Remixpoint: Will introduce IQg to clients in need of facility design, sales, and construction services, while also managing the energy storage facilities under their ownership.
- Second Foundation Japan: Will undertake the operational management of energy storage facilities as commissioned by Remixpoint.

The potential impact of this business on the consolidated financial results for the fiscal year ending March 2026 is expected to be minor.

Company Profiles

Second Foundation Japan LLC

- Headquarters: Kojimachi 4-3-29, Chiyoda, Tokyo, Japan
- Managing Principal: Miho Minami
- Established: May 15, 2023
- Business Activities: Aggregation of renewable energy power generation and adjustment resources.

IQg Inc.

- Headquarters: Kojimachi 4-3-29, Chiyoda, Tokyo, Japan
- CEO: Masaki Mizuta
- Established: July 11, 2016
- Business Activities: Energy consulting, retail power services, power generation development, maintenance services, and sales of reflective anti-weed sheets.

About Remixpoint

Remixpoint is a publicly traded company on the Tokyo Standard, with an ambition to introduce a new standard to society and the environment, promoting decarbonization initiatives. The company is primarily engaged in energy retailing and offers diverse operations including energy consulting, battery storage, and renewable energy services. Additionally, starting in 2024, Remixpoint will begin to stock cryptocurrencies, focusing on Bitcoin, positioning itself as a leading holder of Bitcoin in Japan. By leveraging their knowledge in both energy and digital assets, Remixpoint aims to contribute to sustainable societal development. Stay tuned for further innovations from Remixpoint Group.
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