Gore Street Capital ("Gore Street") is pleased to announce that it has successfully completed a fundraising round for Japan's first fund dedicated to grid-scale energy storage systems, "Tokyo Energy Storage Investment Limited Partnership", hereinafter referred to as "the Fund", in partnership with t Contact online >>
Gore Street Capital ("Gore Street") is pleased to announce that it has successfully completed a fundraising round for Japan''s first fund dedicated to grid-scale energy storage systems, "Tokyo Energy Storage Investment Limited Partnership", hereinafter referred to as "the Fund", in partnership with the ITOCHU Corporation ("ITOCHU").
The two firms were selected as the managers of the Tokyo Metropolitan Government''s (TMG) energy creation and energy storage promotion fund following a competitive process held in 2023. Gore Street and ITOCHU subsequently established a joint venture company as a general partner of the fund in February 2024. Gore Street has also established a wholly owned subsidiary, Gore Street Japan Limited, to support the general partner''s investment activities.
The Fund will primarily focus on the Kanto region, home to approximately a third of Japan''s population. This is Japan''s first specialised fund dedicated to the integrated development and operation of battery storage facilities, including those co-located with renewable energy projects. The Fund will invest in projects during development and subsequently construct and operate the assets.
In addition to the Tokyo Metropolitan Government and ITOCHU, which invested in the Fund in March 2024, Gore Street is pleased to announce the support of key investors, including The Bank of Yokohama, Ltd., Fuyo General Lease Co., Ltd., Honda Motor Co., Ltd., Japan Post Holdings Co., Ltd., Mitsubishi Estate Co., Ltd., Mitsubishi UFJ Trust and Banking Corporation, Mori Trust Co., Ltd., Tokyo Century Corporation, and Tokyu Land Corporation. This process was supported by Nomura Securities Co., Ltd., acting as a financial advisor.
The Fund is, therefore, well positioned to deliver strong returns for investors by leveraging ITOCHU Corporation''s project pipeline and experience in the Japanese market, combined with Gore Street''s expertise in global energy storage investment, construction, and monetisation.
The Fund will accelerate the promotion of the "HTT (ⒽReduce, ⓉCreate, ⓉStore)" concept for electricity, which the Tokyo Metropolitan Government is striving for and support the realisation of Zero Emission Tokyo while contributing to Japan''s decarbonisation efforts.
Suminori Arima, Chief Investment Officer at Gore Street Capital, commented:
Gore Street Capital Limited is an entity authorised and regulated by the Financial Conduct Authority, to act as the Alternative Investment Fund Manager ("AIFM") to the Gore Street Energy Storage Fund PLC.
Former MD of SUI Foundation, Greg Siourounis, Joins xMoney Global as Co-Founder and CEO to build MiCA-Regulated Stablecoin Platform
Fintech Pulse: A Daily Dive into Industry Innovations and Developments
Fintech Latvia Association Releases Fintech Pulse 2024: A Guide to Latvia''s Growing Fintech Hub
CBC Group Completes Strategic Acquisition of UCB’s Mature Product Portfolio in China
Noble Corporation plc announces changes to its share capital including share repurchases for the month of November 2024
Xinhua Silk Road: Micro-documentaries depicting people-centered governance initiatives released
VANTAGE FOUNDATION PARTNERS WITH FRESH START TO SUPPORT EDINBURGH COMMUNITIES
Tetragon Financial Group Limited August 2024 Monthly Factsheet
China’s AIMA brand electric motorbike is now in Bangladesh
YunoJuno Recognised as Best International Contractor Provider, Revolutionising Global Freelance Management
China Telecom Gulf Officially Launches in Saudi Arabia for Business
LONGi and IUCN jointly release the Initiative of Advancing Climate Action and Biodiversity Conservation with Photovoltaic
TheFintechBuzz: Your premier source for the latest trends, insights, and innovations in the world of financial technology. Navigating the fintech landscape? Stay informed with TheFintechBuzz.
Contact us: [email protected]
Editorial / PR Submissions
About Tokyo energy storage investment trends
As the photovoltaic (PV) industry continues to evolve, advancements in Tokyo energy storage investment trends have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
When you're looking for the latest and most efficient Tokyo energy storage investment trends for your PV project, our website offers a comprehensive selection of cutting-edge products designed to meet your specific requirements. Whether you're a renewable energy developer, utility company, or commercial enterprise looking to reduce your carbon footprint, we have the solutions to help you harness the full potential of solar energy.
By interacting with our online customer service, you'll gain a deep understanding of the various Tokyo energy storage investment trends featured in our extensive catalog, such as high-efficiency storage batteries and intelligent energy management systems, and how they work together to provide a stable and reliable power supply for your PV projects.
