On September 30, 2025, NR-Power Lab released the "Battery Installation Effect Simulator." The Battery Installation Effect Simulator is a tool that predicts and analyzes the economic benefits and effects of installing renewable energy facilities (such as solar power systems and batteries). In addition to the savings on electricity costs and the payback period for the battery, it visualizes more specific value for customers through multifaceted analysis. The simulation results can be output as graphs and reports, making them easy to understand visually, and since the service is free of charge, it can be used casually. To use the Battery Installation Effect Simulator, user registration is required. After registration, an ID and password will be issued and notified via email within 2 to 3 days. Please feel free to use the simulator.

NR-Power Lab announced a press release on June 13, 2024, titled "Starting the Development of a Business Model for Hybrid Storage Facilities with Sharing Functions - Aiming for an Asset-Free Service that Only Provides Storage Functions." This hybrid storage facility with sharing functions (StorageHub) began operations on July 24, 2025, as a solar power plant operated by manorda Iwate, a regional trading company fully funded by Iwate Bank. StorageHub is a storage facility that allows for flexible installation and utilization of batteries in an asset-free model, minimizing initial investment and eliminating the need for equipment. It not only reduces the burden of initial investment but also enables service provision to small-scale users through decentralized installations. This system combines NAS batteries, which are characterized by large capacity and long lifespan, with lithium-ion batteries that offer high output and a wide range of sizes, creating a hybrid storage battery system capable of flexibly meeting a wide range of power needs, regardless of scale or installation location, such as consumers or power plants. We have created articles about the opening in multiple media, so please take a look.

NR-Power Lab Co., Ltd. exhibited at Interop Tokyo 2025, held at Makuhari Messe from June 11 (Wednesday) to June 13 (Friday), 2025. Under the theme "Towards an Era Where Local Energy is 'Visible' with IoT! New Values and Services Created through Decarbonization/GX Data Utilization," we showcased our exhibits. We would like to express our gratitude to all the customers who visited us.

The Japan Electronics and Information Technology Industries Association (JEITA), which serves as the secretariat for the Green x Digital Consortium, has published a "Proposal on the Definition of Requirements for GX Products," which outlines the requirements for products and services that provide environmental value, such as CO2 emission reduction, and highlights their social importance. The Environmental Activity Data Value Working Group of the consortium (Chair: Yoshikazu Higashi, Ricoh Company, Ltd.) aims to establish a framework for the proper evaluation of the ancillary value (green value) of products and services that contribute to reducing environmental impact. They are examining common challenges and solutions for measuring, evaluating, and managing corporate environmental activity performance data. After organizing the concept of linking the products and services provided by companies to green value as an added value for incentive utilization, they have discussed the definition of requirements for GX products that lead to the evaluation and utilization of green value, compiling it into the "Proposal on the Definition of Requirements for GX Products."

"Confirmed the effect of reducing electricity costs through the operation of storage batteries and solar power generation equipment! VPP Demonstration Activity Report" At NR-Power Lab, we conducted a demonstration experiment of VPP services in collaboration with Ricoh Japan's Ibaraki branch Tsukuba office, which is one of the bases advancing innovative initiatives. We utilized the YAMABISHI company's storage battery system, which is also implemented at the RJ Tsukuba office and handled as a commercial product, as a VPP resource under the control of Sassor's battery control AI "ENES." This was carried out to investigate the effects and impacts on customers. We encourage you to read the report.

NR-Power Lab has been supporting the VPP niche media "Grid Hub," which was launched at the end of last year and is set to expand its content significantly in 2025, as a primary sponsor. In addition to promoting the development of systems for existing VPP (Virtual Power Plant) services and power digital services, as well as the development of business models and demonstration projects for their social implementation, NR-Power Lab is strengthening its activities aimed at commercialization in collaboration with its two investors, NGK Insulators and Ricoh. As part of this effort, NR-Power Lab has joined the ERA Business Promotion Council as a supporting member shortly after its establishment, in agreement with the founding purpose of aiming for the healthy development of businesses utilizing renewable energy sources, such as solar and wind power, which are essential for achieving carbon neutrality, and DERs like batteries that are crucial for expanding their adoption. Additionally, to expand the market through increased recognition, NR-Power Lab has contributed as a sponsor to media outlets.

On December 3, 2024 (Tuesday), the music unit "Sukimaswitch" held a performance of their national tour "Sukimaswitch TOUR 2024-2025 'A museMentally'" at the Ena Cultural Center. This performance achieved 100% carbon-neutral status through the use of renewable energy and carbon offsetting. NR-Power Lab collaborated on the tracking system and visualization system for renewable energy used at the Ena Cultural Center.

On the website of the Yoshida Hideo Memorial Foundation, an interview article titled "Ad Studies" features our company’s President and CEO, Nakaniishi. Under the title "Vol.86 Utilizing Next-Generation Power and Technology," he discusses the background of the establishment of NR-Power Lab Inc. He explains the journey from the idea of "turning good things in the world into business" to the launch of a local new power company and the initiation of the virtual power plant (VPP) business. We invite you to read it.

On March 17, 2023, I participated in a webinar hosted by Ricoh Company, Ltd.'s Advanced Technology Research Laboratory. I introduced our company's initiatives related to virtual power plants (VPP) utilizing energy storage systems, as well as digital services that leverage blockchain technology, including various case studies. *Link to the webinar video available Our company is seeking partners who are interested in collaborating on business development. - Those interested in VPP - Those in need of simple proof methods for local production and consumption or renewable energy utilization - Those considering providing services that utilize VPP or renewable energy data, etc. Please feel free to contact us. ■ Webinar Overview - Introduction to the virtual power plant business that NR-Power Lab aims to achieve - Examples of utilizing renewable energy and tracking technology ■ Speakers President and CEO Yuichi Nakanishi Senior Engineer Mikio Kuroda

An article featuring our President and CEO Nakani, Senior Engineer Kuroda, and Business Planning Officer Matsuda has been published on Ricoh's homepage, "Stories." Titled "What is the Future of Renewable Energy x VPP that NGK and Ricoh Aim For?", it explains the services we are currently developing. NR-Power Lab Co., Ltd., which started as a power business development company in February 2023, aims to commercialize VPP services and digital power services utilizing data from generation and usage. Currently, we are advancing development and verification for the commercialization of these two services, aiming for business launch in 2026. We are reporting on the current activities of NR-Power Lab as it enters its second year, so please take a moment to read it. If you have any inquiries about the article, we look forward to hearing from you.

The demonstration project of the local new power company "Ena Power" in Ena City, Gifu Prefecture, involves NGK Insulators and Ricoh, and we report on the technologies they brought together to build a system that enhances the value of the local microgrid. As a result of this Ena Power demonstration project, NGK Insulators and Ricoh established NR-Power Lab Co., Ltd. in February 2023. Following these two companies, there are also comments from our senior engineer, Mikio Kuroda, regarding the digital technologies related to the project with IHI, which participated in the demonstration, so please take a moment to read the article.

At the GX Management Week Spring 2024 held from February 28 (Wednesday) to March 1 (Friday), 2024, our three-day exhibition was certified by the Powered by RE Certification Committee as being powered entirely by 100% renewable energy. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Event Period: February 28 (Wednesday) to March 1 (Friday), 2024 Venue: Tokyo Big Sight, East Exhibition Hall, Hall 7 Booth Number: E53-17 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Our company will continue to accelerate and enhance the commercialization of co-creation projects and services. Additionally, we provide various announcements and useful information on X. Please follow us through the related links.

NR-Power Lab will start the development of a hybrid storage facility with sharing capabilities called "StorageHub." This project aims to establish a business model that provides a one-stop service from the construction to the operation and services of the storage facility. Additionally, there are plans to establish a company to own and manage StorageHub in collaboration with NGK Insulators and Daiwa Energy Infrastructure, with Daiwa Energy Infrastructure providing part of the funding and leveraging its expertise in renewable energy and infrastructure investments to support the commercialization of StorageHub. NR-Power Lab President Nakanishi and Daiwa Energy Infrastructure President Matsuda will discuss the background of the StorageHub project and its future developments. For more detailed information, please check the link below.

NR-Power Lab Co., Ltd. will exhibit at Interop Tokyo 2024, held at Makuhari Messe from June 12 (Wednesday) to June 14 (Friday), continuing from last year. This year, we plan to demonstrate data collection by connecting energy resources to the cloud using an IoT Gateway powered by decentralized ID. Additionally, similar to last year, we will showcase a 100% renewable energy display certified by a third party, utilizing that data and environmental credits. We will also explain at our booth how we can provide services that assist customers in utilizing renewable energy and achieving decarbonization through these technologies and know-how. We invite everyone to come and visit us. ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Event Dates: June 12 (Wednesday) to June 14 (Friday), 2024 10:00 AM to 6:00 PM (ends at 5:00 PM on the last day) Venue: Makuhari Messe Booth Number: 3R07 ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

NR-Power Lab Co., Ltd. announced a press release on June 13, 2024. NGK Insulators, Ltd. (President: Shigeru Kobayashi), Ricoh Company, Ltd. (President and CEO: Akira Ohyama), and Daiwa Energy Infrastructure Co., Ltd. (President: Mamoru Matsuda) will begin developing a business model utilizing a hybrid storage facility with sharing capabilities (hereinafter referred to as StorageHub) through their joint venture, NR-Power Lab Co., Ltd. (President: Yuichi Nakanishi). NR-Power Lab aims to realize a business model that provides a one-stop solution from the construction and operation of StorageHub to service provision by bringing together the expertise and know-how of each company. For more details, please check the link below, and we encourage you to read it.

Our CTO, Higashi, will be speaking at the special conference of CEATEC 2024. We will introduce our approach to creating new value and Green incentives by digitizing and utilizing activities that contribute to the environment and achievements in decarbonization, along with the activities of the working group. The viewing period will last until the end of October, so please take the time to watch it when you can. Venue: Online Event Time: October 1, 2024 (Tuesday) 10:00 – October 31, 2024 (Thursday) 17:00 Title: Green x Digital Consortium Special Conference Establishing Business that Contributes to the Environment - The Current and Future of Environmental Activity Data Value Speakers: Masahiro Aoki Leader of the Green Value Requirements Study Working Group, Environmental Activity Data Value Working Group, Green x Digital Consortium, Executive Project Leader, Water and Environment Business Unit, Hitachi, Ltd. Yoshiichi Higashi Chairperson of the Environmental Activity Data Value Working Group, Green x Digital Consortium, Expert, Japan Second Development Center, Ricoh Company, Ltd. [Home Institution] CTO, NR-Power Lab Co., Ltd. [Seconded]

NR-Power Lab has started a demonstration of a renewable energy visualization system in collaboration with Okitama New Power in Nagai City, Yamagata Prefecture, beginning on July 1, 2024. All eight elementary and junior high schools in Nagai City operate on 100% renewable energy. A "visualization system" for renewable energy has been established to enhance children's awareness of local production and consumption of renewable energy and environmental issues, as well as to broaden their understanding of the current state of renewable energy in the region. For more details, please refer to the report below.

NR-Power Lab will begin a demonstration aimed at the practical application of VPP services at the Ricoh Environmental Business Development Center. Within the center, a solar power generation system and NGK Insulators' large-capacity NAS battery storage system will be installed to conduct technical verification of NR-Power Lab's VPP system. Additionally, Ricoh Japan will participate as a power retailer, and the Ricoh Environmental Business Development Center will participate as a power consumer, aiming to acquire know-how for maximizing the economic efficiency of VPP. For more detailed information, please check the link below.

NR-Power Lab has been established for over a year and is entering a new phase towards commercialization. To convey a more specific business image, we have recently made significant updates to our website. We have created a new service page to introduce our VPP services that can assist renewable energy generators, retail electricity providers, and electricity consumers. We also have a Q&A section available, but if you have any questions that are not addressed there, please feel free to contact us. Moving forward, NR-Power Lab will continue to enhance its services, and we appreciate your continued support.

NR-Power Lab Co., Ltd. exhibited at Interop Tokyo 2024, held from June 12 (Wednesday) to June 14 (Friday), 2024. We are grateful for the favorable weather over the three days and for the many customers who visited our booth. Our exhibition focused on decentralized IDs for energy resources IoT, and during the event, we announced a press release regarding our hybrid storage facility with sharing capabilities, 【StorageHub】. NR-Power Lab's services are continuously being enhanced. Thank you once again for taking the time to visit our booth despite your busy schedules. We will continue to accelerate and enrich our co-creation projects and the commercialization of our services in the future.

At Interop Tokyo 2024, held from June 12 (Wednesday) to June 14 (Friday), our three-day exhibition was certified by the Powered by RE Certification Committee as being powered entirely by 100% renewable energy. Our company will continue to accelerate and enhance the commercialization of co-creation projects and services. We are distributing various announcements and useful information on X. Please be sure to follow us.

NR-Power Lab will begin a demonstration of power digital services at Okitama New Power in Nagai City, Yamagata Prefecture, and Kazuno Power in Kazuno City, Akita Prefecture, starting July 1, 2024. This demonstration is part of the "visualization" project with co-creation partners announced in the press release on December 12, 2023, titled "Starting co-creation to promote local production for local consumption and regional economic circulation in collaboration with 16 regional new power companies nationwide - Aiming to refine VPP systems and power digital services." We will provide "visualization" services at a total of 10 locations in Nagai City, Yamagata Prefecture, and Kazuno City, Akita Prefecture. This service will not only show the progress of local production for local consumption but also visualize the challenges where local production for local consumption has not yet progressed, encouraging behavioral changes that can lead to the promotion of regional economic circulation.

NR-Power Lab announced a press release titled "Starting Development of a Business Model for Hybrid Storage Facilities with Sharing Functionality - Aiming for an Asset-Free Service that Only Provides Storage Functionality" on June 13, 2024. The demonstration of this hybrid storage facility with sharing functionality (StorageHub) will be conducted in collaboration with manorda Iwate, a regional trading company fully funded by Iwate Bank, and is scheduled to begin operations in January 2025. Through this demonstration, Iwate Bank aims to accumulate know-how for effective electricity sales and solar power generation in northern Iwate Prefecture, with the goal of promoting regional development. For more details, please read the article.

On August 30, 2024, we created a seminar and materials page that compiles videos of seminars conducted by NR-Power Lab and company introduction materials. You can view and download them without any application process, so please feel free to use it if you have any questions about VPP (Virtual Power Plant) or blockchain technology. Additionally, there is a separate page where you can download the latest materials for Interop Tokyo 2024. Some materials may require you to answer a survey, but we encourage you to check it out as well. If you have any questions or things you would like to confirm, please feel free to contact us through the inquiry page.

At the special conference of CEATEC 2024, our CTO, Mr. Higashi, will be speaking as the chair of the Green x Digital Consortium. Under the title "Establishing Businesses Contributing to the Environment - The Current and Future Value of Environmental Activity Data," he will introduce an approach to creating new value and Green incentives by digitizing and utilizing activities that benefit the environment and achievements in decarbonization, along with the activities of the working group. The viewing period will be available throughout October, so please take the time to watch it when you can.

NR-Power Lab Co., Ltd. will participate in EdgeTech+ 2024, which will be held at Pacifico Yokohama from Wednesday, November 20, 2024, to Friday, November 22, 2024. Our investors, NGK Insulators, Ltd. and Ricoh Japan Corporation, will also exhibit as reference displays. Venue: Pacifico Yokohama Exhibition Hall/Annex Hall Event Period: November 20 (Wed) - 22 (Fri), 2024, 10:00 AM - 5:00 PM (until 6:00 PM only on Thursday, November 21) Booth Number: CT-09

In Nagai City, Yamagata Prefecture, a demonstration experiment of a power visualization service conducted by Okitama New Power, a co-creation partner of NR-Power Lab, will begin on July 1, 2024. It has been reported that the "Nagai City Regional Decarbonization Plan," which includes this power digital service demonstration, received the Eco Cup Yamagata Award at the presentation event for the "Eco Cup Yamagata 2024" aimed at achieving carbon neutrality in Yamagata. Congratulations! The Eco Cup Yamagata aims to further promote the creation of a decarbonized society in the region by collecting practical examples from organizations, companies, schools, and government agencies that are engaged in decarbonization activities (deco-katsu) and widely disseminating information through activity presentation events and publications. This initiative is set to be recommended as the representative of Yamagata Prefecture at the "Decarbonization Challenge Cup 2025" to be held in Tokyo in February 2025.

NR-Power Lab Co., Ltd. made its debut exhibition at the "EdgeTech+ 2024" trade show held from November 20 (Wednesday) to 22 (Friday), 2024. We would like to express our gratitude to all the visitors who came to our booth. We showcased the concept of Energy Resource IoT, which connects energy resources to the cloud for data collection, along with solutions and services that support edge devices and reliability improvements, incorporating examples from GX demonstrations. There were also reference exhibits from our investors, Ricoh Japan Corporation and NGK Insulators, Ltd. Thank you once again for taking the time to visit our booth despite your busy schedules.

At the exhibition "EdgeTech+ 2024," held from November 20 (Wednesday) to November 22 (Friday), 2024, our three-day display was certified by the Powered by R.E. Certification Committee as being powered 100% by renewable energy.

Our company president, Nakaniishi, participated in an online seminar hosted by the Kyushu Economic Research Association. He was responsible for a report titled "Expectations for Solar Power Generation Towards the Realization of a Self-Sufficient and Decentralized Society," which was part of a feature on "Trends in Kyushu Towards Long-Term Stable Power Supply from Solar Power Generation Systems." Thank you very much for watching on the day of the event. The materials from the October 2024 issue of the Kyushu Economic Research Monthly Report, which served as the basis for this seminar, will continue to be available on our website, so we encourage those who missed the seminar to read it. The October 2024 issue of the Kyushu Economic Research Monthly Report is publicly available on the Kyushu Economic Research Association's website. There are also other reports that will be published, so please take a look at those as well.