Kaihan launches battery business, invests in fixed assets

Kaihan Co (TSE:3133) announced its entry into the battery storage market, backed by an investment of JPY 616 million in fixed assets. This move aligns with the company's broader strategy to enhance its renewable energy footprint and establish a sustainable revenue base. Kaihan aims to capitalize on the increasing need for grid stabilization and energy arbitrage opportunities within Japan's evolving energy landscape. The company plans to participate in the supply-demand adjustment market, optimizing electricity trading and grid stabilization.