Execution : April 9, 2021 (Press Release Date)
With an aim to further expand investment in the battery storage sector, we invested in Exergy Power Systems, a startup from University of Tokyo.
Exergy Power Systems develops and manufactures a low-capacity, high-output, fast-responding next-generation battery storage system and utilizes this system to provide ancillary services designed to handle the volatility of renewable energy power supply. Ancillary services market is expected to grow as the share of renewables, such as solar and wind power, in global electricity generation increases. We believe that Exergy’s business will contribute to the spread and expansion of renewable energy.
Through this investment, we will actively discuss the initiatives to introduce next-generation battery storage systems in Japan and overseas. We will also continuously support Exergy's further business expansions, applying the financial know-how from the Daiwa Group.
Posted on April 9, 2021