"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.

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 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.

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 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.