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Battery storage developer Eku Energy has partnered with utility Tokyo Gas on a grid-scale energy storage project in Japan, with construction expected to start soon. The developer, jointly owned by a fund managed by . . ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Keita Ishii, President and COO; hereinafter "ITOCHU") announced today that the Tokyo Metropolitan Energy Storage Plant Investment Limited Partnership (hereinafter "the Fund") came into full operation after investment of more than 8 billion yen. . Tokyo Energy Storage Plant Investment Limited Partnership raised over 8 billion yen, Itochu Corporation, which serves as one of the fund's co-managers, announced on September 30, 2024. According to the statement, nine limited partners invested in the fund alongside the Tokyo Metropolitan. . Following the announcement on 30 September 2024 detailing the successful fundraising round close of Japan's first dedicated energy storage fund, the “Tokyo Energy Storage Investment Limited Partnership” (“the Fund”), Gore Street Capital is pleased to announce the first acquisition for the Fund in. . Pumped storage hydropower, a late 19th century technology that was largely ignored by the markets for decades, is now emerging as pivotal to bringing balance and stability to Japan's grid as the nation both reboots nuclear energy and moves to rely more on solar and wind generation. Japan currently. . It is Japan"s first fund exclusively for energy storage that invests in, develop and operate new energy storage plants, including those equipped with renewable energy facilities, . Renewable energy is integral to the future of power generation. Over the past fifteen years, Rosendin has helped.