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."

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.

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.

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]

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.

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 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.

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 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.

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.

The online seminar "Trends in Kyushu Towards Long-term Stable Power Generation with Solar Power Systems," hosted by the Kyushu Economic Research Association, will feature our company president, Nakaniishi, as a speaker. Nakaniishi will be responsible for the report titled "Expectations for Solar Power Towards the Realization of a Self-sufficient and Decentralized Society," so please be sure to watch the other reports as well. For more details, you can check our company's announcement page or the Kyushu Economic Research Association's website.

The Kyushu Economic Research Association, a public interest incorporated foundation, has been publishing the Kyushu Economic Research Monthly Report on the 15th of every month since 1947. The report includes articles and reports on regional topics, including trends in the economy and industries in Kyushu. The special feature for the October 2024 issue will be "Trends in Kyushu Towards Long-Term Stabilization of Solar Power Generation Systems." We are pleased to announce the early release of a report written by our president, Nakaniishi, titled "Expectations for Solar Power Generation Towards the Realization of a Self-Sufficient and Decentralized Society," thanks to the generosity of the association. While the special feature focuses on trends in Kyushu, Nakaniishi's report is not limited to regional content, so we encourage you to read it. Additionally, as previously announced, an online seminar reporting on this report will be held on Tuesday, October 8, so please tune in. The Kyushu Economic Research Monthly Report for October 2024 will be publicly available on the 15th. There will also be other reports released, so please take a look at those as well.

NR-Power Lab started a demonstration of digital power services in Kazuno City, Akita Prefecture, on July 1, 2024, in collaboration with Kazuno Power. Electronic panels displaying the usage status of renewable energy are installed at the Kazuno City Hall and the Cultural Exchange Center Komosse, showing information almost in real-time. Detailed information with photos has been provided on the Kazuno Power website, so please take a look.

In Nagai City, Yamagata Prefecture, selected for the "Fiscal Year 2024 Key Measures Acceleration Project" by the Ministry of the Environment, various challenges are being undertaken with the aim of achieving a decarbonized society. One of these is a demonstration experiment of a power visualization service being conducted by Okitama New Power, a co-creation partner of NR-Power Lab, starting from July 1, 2024. Regarding this demonstration being conducted in elementary and junior high schools in Nagai City, a report titled "Challenges for Regional Decarbonization" has been published in the city's public relations magazine "Ayame Repo" in the October 2024 issue, so please take a look.

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.

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.