GreenBee has acquired the Hoanami High Voltage No. 2 Battery Storage Facility from West Holdings Corp. to enter the grid-scale battery storage market, supporting Japan's renewable energy initiatives.
Information on the Target
GreenBee Inc. (Ticker: 3913) has made a strategic move by acquiring the Hoanami High Voltage No. 2 Battery Storage Facility, located in Bizen City, Okayama Prefecture, from West Holdings Corp. (Ticker: 1407). This acquisition marks GreenBee's entry into the grid-scale battery storage sector, which is critical for the integration of renewable energy into the power grid.
The Hoanami battery storage facility is designed to work alongside power generation assets, transmission lines, and substations, contributing to a more stable and efficient energy supply. The exact acquisition value and date have not been disclosed, but operations are set to commence on April 1, 2026, through GreenBee's wholly-owned subsidiary, GreenBee Sustainable Energy, which is anticipated to be established in January 2026.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview in Japan
The renewable energy sector in Japan has been experiencing significant growth, driven by government policies focused on reducing carbon emissions and promoting sustainable energy sources. Following the
Similar Deals
Pacifico Energy K.K. → Banshu solar power project
2020
GreenBee
invested in
West Holdings
in
in a Other deal