Press release
PowerX and JERA Cross Partner to Jointly Promote Battery Energy Storage in Japan
Exploring the Joint Utilization of Grid-Connected Storage Facilities in FY2025
2025.03.12
TOKYO, JAPAN ― PowerX, Inc. (Head Office: Minato City, Tokyo, Director, President & CEO: Masahiro Ito) and JERA Cross Co., Inc.(Head Office: Chuo-ku, Tokyo,President & CEO:Takao Miki) have reached a basic agreement on a comprehensive partnership to jointly promote battery energy storage-related businesses.
Under this partnership, both companies will leverage grid-connected battery energy storage facilities, which PowerX is developing across Japan, to enhance their respective electricity business operations. Specifically, JERA Cross intends to utilize the balancing capacity for its carbon-free electricity supply services, while PowerX will use it for its renewable energy service "X-PPA" and within various trading markets. Both companies aim to start these efforts during the FY2025 (April 2025-March 2026).
This collaborative utilization of battery energy storage facilities among electricity providers marks an industry first in Japan. Through this initiative, we aim not only to optimize electricity supply and demand but also to enhance predictability of returns on investments in battery energy storage projects, which continue to expand as renewable energy adoption grows and moves toward becoming the primary power source in the country.
Furthermore, PowerX and Jera Cross will explore opportunities to extend their partnership into additional areas where battery energy storage can be effectively deployed, further balancing electricity supply and accelerating renewable energy adoption throughout society.
About PowerX
Company Name : PowerX, Inc.
Representative : Masahiro Ito (Director, President & CEO)
Head Office : Midtown Tower 43F, Akasaka 9-7-1, Minato City, Tokyo, Japan
Website : http://power-x.jp
About JERA Cross
Company Name : JERA Cross Co., Inc.
Representative : Takao Miki (President & CEO)
Head Office : 25th Floor, Nihonbashi Takashimaya Mitsui Building 2-5-1 Nihonbashi, Chuo-ku, Tokyo, Japan
Website : https://www.jera-cross.com/