Global Brain has invested in Exergy Power Systems, Inc. (Exergy), a provider of energy solutions utilizing its proprietary Exergy Battery® with ultra-fast charging and discharging capabilities, through its MF-GB Fund 3 L.P. (Mitsui Fudosan & Innovation Fund), a corporate venture capital fund of Mitsui Fudosan Co., Ltd. (Mitsui Fudosan). In the Japanese electricity market, new markets such as the balancing market are emerging as renewable energy transitions into a mainstream power source. This shift is accelerating the creation of new businesses utilizing storage batteries and Demand Response (DR). To maximize the value of storage batteries and DR, complex operations that fulfill stringent market and equipment requirements are essential. Exergy provides services that accelerate the optimization of customers' power usage by operating storage battery systems, which leverage its proprietary Exergy Battery®, in combination with Distributed Energy Resources (DER) at power plants and power demand sites. Global Brain has decided to invest in Exergy, recognizing its strong potential to become a key player in Japan's newly emerging balancing market, leveraging the proven track record and operational know-how the company has accumulated in the advanced European market. Furthermore, Global Brain highly evaluates Exergy's highly specialized and experienced team led by CEO Miura. Going forward, by utilizing Mitsui Fudosan's assets, Global Brain will actively support Exergy to help transform real estate assets—traditionally viewed merely as the consuming side of electricity—into assets capable of providing value to local communities and power grids in a society powered primarily by renewable energy.

About Exergy

Location: Bunkyo-ku, Tokyo, Japan
Representative: Daisuke Miura
Founded: May 2011
URL: https://exergyworld.com/

About Mitsui Fudosan & Innovation Fund

Name: MF-GB Fund 3 L.P.
General Partner: Global Brain Corporation
Limited Partner: Mitsui Fudosan Co., Ltd.
Fund Size: JPY 15 billion

About Global Brain

Location: Tokyo, Japan
Representative: Yasuhiko Yurimoto
Founded: January 1998
URL: https://globalbrains.com

Global Brain has invested in Exergy Power Systems, Inc., a provider of the proprietary ultra-fast charging/discharging Exergy Battery® and related energy solutions