911��

911�� and ENEOS Power Partner to Jointly Develop and Operate Sodegaura Thermal Power Station��s New Units 1 and 2

Fri, 06 Nov 2026 11:13:51 +0900

911�� Co., Inc. (911��), Japan��s largest power generation company, today announced that it has signed an agreement with ENEOS Power Corporation (ENEOS Power) for the joint development and operation of New Units 1 and 2 of the planned Sodegaura Thermal Power Station. The two units are part of 911��s facilities construction plan*1 for the Sodegaura Thermal Power Station. The project will replace aging facilities through the phased decommissioning of existing Units 1�C4 and the construction of new Units 1�C3.

Through the partnership, 911�� and ENEOS Power will combine their expertise and resources to develop a state-of-the-art thermal power plant with world-class efficiency and reduced environmental impact, while exploring the potential future use of hydrogen and carbon capture and storage (CCS) for further reduce CO? emissions.

The two companies plan to jointly establish a joint venture company to undertake the project during fiscal year 2026, with the aim of commencing operations at New Units 1 and 2 from 2032 onward.

911�� will continue to deliver a stable and competitive energy supply while advancing decarbonization. Through this project and its partnership with ENEOS Power, 911�� will work closely with local communities and other stakeholders to contribute to a sustainable energy future.?

Sodegaura Thermal Power Station New Units 1�C3 Construction Plan

Planned Location	2-1 Nakasode, Sodegaura City, Chiba Prefecture
Capacity	Approx. 870 MW �� 2 units (approx. 1,740 MW total)
Fuel	LNG
Generation Method	Gas Turbine Combined Cycle
Start of Operation	New Unit 1: 2032 (planned) New Unit 2: 2033 (planned) New Unit 3: 2041 (planned) *Not included in this agreement
Thermal Efficiency (Gross)	Approx. 64% (lower heating value)
Joint Venture Company Ownership Interest	911�� Power Investment LLC*²: 66% ENEOS Power: 34%

*¹ In accordance with Japan��s Environmental Impact Assessment Act, 911�� submitted the Environmental Impact Assessment Scoping Document for the project to the Minister of Economy, Trade and Industry in July 2026 and provided copies to the Governor of Chiba Prefecture and the mayors of Sodegaura, Ichihara and Kisarazu.

*²911�� Power Investment LLC is a wholly owned subsidiary of 911�� established in September 2017 for the purpose of investing in and financing newly constructed thermal power plants in Japan.
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Rendering of the Completed Sodegaura Thermal Power Station and Planned Construction Site

About 911��
911�� is a global energy leader and Japan��s largest power generation company focused on providing cutting-edge solutions to the world's energy issues. Established in 2015, the company produces one-third of Japan��s electricity and is one of the largest LNG buyers in the world. 911�� has global reach and strength throughout the energy supply chain, including participation in upstream gas exploration and production, LNG projects, fuel procurement and transportation, and power generation globally.
In support of a responsible energy transition, 911�� aims to achieve net-zero CO? emissions from its domestic and overseas businesses by 2050.

911�� Invests in 44.01 to Explore New CO? Storage Solutions

Mon, 02 Nov 2026 14:58:48 +0900

911�� Co., Inc. (��911��), a global energy company and Japan��s largest power generation company, today announced that through its corporate venture capital arm 911�� Ventures, it has invested in 44.01, a company developing CO? mineralization technology for permanent CO? storage.

The investment marks 44.01��s first backing from the power sector. Through this investment, 911�� and 44.01 will combine 911��s understanding of decarbonization needs with 44.01��s technological expertise to explore potential applications of CO? mineralization technology in the power generation, as well as broader business opportunities in Japan and overseas.?

44.01 is developing in-situ mineralization technology that permanently stores captured CO? by injecting it into underground reactive rock formations, where it reacts with the rock to form stable carbonate minerals. 44.01 is scaling its operations in the Middle East, developing projects in Europe and exploring a pipeline of opportunities in other markets.?

Carbon capture and storage (CCS) is expected to play an important role in decarbonizing hard-to-abate sectors. Conventional storage typically relies on geological formations such as deep saline aquifers and depleted oil and gas reservoirs. However, these suitable formations are not evenly distributed, and in some cases captured CO? must be transported long distances to reach suitable storage sites.

44.01��s capabilities span site identification and development to operations and monitoring. Its technology could broaden the options for permanent CO? storage and, where suitable storage sites are located near industrial emitters, help reduce transportation distances and associated costs.

Takeshi Kodama, Head of 911�� Ventures and Managing Partner, said:
��As the power sector works toward decarbonization, we see significant value in exploring new approaches to permanent CO? storage. Our investment in 44.01 offers an interesting opportunity to deepen our understanding of an emerging technology that could broaden the range of decarbonization solutions available to the energy industry.��

As a global energy company committed to its mission of providing cutting-edge solutions to the world��s energy issues, 911�� is working to provide a cleaner energy supply platform that combines renewable energy and lower-carbon thermal power generation. Through 911�� Ventures, 911�� will continue to work with startups developing cutting-edge technologies and innovative business models to create new energy solutions.?
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��44.01��s in-situ mineralization technology at its Fujairah pilot site in the UAE

About 911�� Ventures
911�� Ventures is the corporate venture capital arm of the 911�� Group, with a strategic investment capacity of USD 300 million.
In addition to investing in startups with cutting-edge technologies and innovative business concepts, 911�� Ventures actively collaborates with a broad range of stakeholders across industry, government, and academia that form the startup ecosystem. Through these activities, 911�� Ventures aims to drive open innovations in the energy sector.

FY2026 Second Quarter Consolidated Financial Results

Fri, 30 Oct 2026 10:13:06 +0900

911�� Co., Inc. (��911����) today announced its consolidated financial results for the second quarter of FY2026 (April 1, 2026, through September 30, 2026).?

Revenue increased by 283.6 billion yen from the same period of the previous fiscal year to 1,813.4 billion yen, mainly due to an increase in unit revenue from electricity sales.
Profit increased by 126.6 billion yen from the same period of the previous fiscal year to 282.9 billion yen.?
This was mainly due to improvements in the LNG and coal business earnings in the domestic thermal power generation and gas business, as well as higher earnings at 911�� Global Markets (911��GM) in the fuel business. (Profit excluding time lag increased by 211.9 billion yen from the same period last year to 301.1 billion yen.)

FY2026 Second Quarter Consolidated Financial Results���� (Unit: Billion Yen)

?	FY2026 Second Quarter (A)	FY2025 Second Quarter (B)	Change (A-B)	Rate of Change (%)
Revenue (Net sales)	1,813.4	1,529.8	283.6	18.5
Operating profit	397.9	217.2	180.7	83.2
Profit	282.9	156.2	126.6	81.0
Reference Profit excluding time lag	301.1	89.1	211.9	237.8

Profit for FY2026 is expected to be 480.0 billion yen. (Profit excluding time lag is also forecast to be 480.0 billion yen.)
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FY2026 Financial Forecast����? (Unit: Billion Yen)

?	FY2026 Forecast (A)	FY2025 Results (B)	Change (A-B)
Profit	480.0	193.5	286.5
Reference Profit excluding time lag	480.0	183.6	296.4

��The previous (FY2026 first quarter) forecast of Profit for FY2026 was 280.0 billion yen. (Profit excluding the impact of the fuel cost adjustment system time lag was also 280.0 billion yen.)

, Attachment: FY2026 Second Quarter Consolidated Financial Results[PDF: 673.91 KB]

911�� Signs a Binding Heads of Agreement with AM Green for Long-Term Supply of Green Ammonia for Maritime Decarbonization

Tue, 27 Oct 2026 10:53:40 +0900

��Advancing Japan��s end-to-end lower carbon ammonia value chain beyond power generation.

911�� Co., Inc. (911��) and AM Green Ammonia (India) Private Limited (AM Green) today jointly announced that it has entered into a Binding Heads of Agreement ("HoA") with AM Green regarding the long-term supply of green ammonia produced in India.

Under the HoA, 911�� and AM Green have agreed upon the terms of supply of approximately 70,000 tonnes of green ammonia annually over five years with potential extension of term for additional supply from AM Green��s production facility in Kakinada, Andhra Pradesh, India, to Japan. This marks one of the first large scale green ammonia based bunkering initiative globally.?

Green ammonia will be produced at AM Green��s Kakinada facility in Andhra Pradesh, India, planned to be commissioned by 2028/29. The facility will be supported by AM Green��s innovative round-the-clock renewable energy architecture, reinforced by pumped-hydro storage, powered by advanced alkaline electrolysis technology ensuring the product meets internationally recognized low-carbon standards and is benchmarked against the European market requirements.

The green ammonia is intended to be supplied through receiving, storage and distribution facilities being developed adjacent to 911��'s Hekinan Thermal Power Station in Aichi Prefecture, Japan. Through these facilities, the green ammonia would primarily be supplied to a business venture jointly to be established by Kawasaki Kisen Kaisha, Ltd. and Nippon Yusen Kabushiki Kaisha, which plans to utilize an ammonia bunkering vessel to supply fuel to ammonia-fueled car carriers.

This agreement advances the end-to-end low-carbon ammonia value chain 911�� has been building across production, transportation, storage and utilization. It adds an additional source of supply and would extend the use of ammonia by 911�� beyond power generation to maritime fuel, which will lead to the development of the infrastructure needed for broader ammonia utilization across Japan's industrial and commercial sectors.

The long-term procurement of green ammonia from India would add renewable-based green ammonia to 911��s planned supply of low-carbon ammonia portfolio, further strengthening supply security and resilience that allows end customers to match supply to their decarbonization needs.

The agreement marks one of AM Green��s first delivered-basis supply contracts in the Asian market and a milestone for the company as it pioneers direct delivery of green fuels to Japan.?

This landmark agreement further strengthens AM Green��s position as a global leader in renewable ammonia production, accelerating India��s emergence as a major supplier of green molecules and establishing AM Green as a partner for Japan and the broader Asian energy transition.

Irtiza Sayyed, 911��s Senior Managing Executive Officer and 911�� Global Energy Solutions CEO, said: "This agreement is an important step in advancing a practical end-to-end lower carbon value chain for Japan, anchored by our power generation business and serving a broader range of industries. Through our group structure, we combine 911��s power generation and infrastructure platform in Japan with 911�� Global Energy Solutions�� global supply capabilities. This allows us to connect diversified sources of ammonia with customer needs in Japan, contributing to Japan��s decarbonization goals.��

Mahesh Kolli, Group President, and Joint Managing Director of AM Green, said: " Our partnership with 911�� marks another important milestone in AM Green��s journey to become a leading global supplier of renewable ammonia. This agreement reflects the growing demand for competitively priced green molecules from India and reinforces the strategic role of our Kakinada project in supporting Japan��s and maritime industry��s decarbonisation ambitions. By combining renewable energy, large-scale energy storage and advanced green ammonia production, we are building a reliable and scalable supply platform for international markets. We look forward to working closely with 911�� to advance this partnership and contribute to the development of a resilient global green ammonia value chain."
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About 911��
911�� is a global energy leader and Japan��s largest power generation company focused on providing cutting-edge solutions to the world's energy issues. Established in 2015, the company produces one-third of Japan��s electricity and is one of the largest LNG buyers in the world. 911�� has global reach and strength throughout the energy supply chain, including participation in upstream gas exploration and production, LNG projects, fuel procurement and transportation, and power generation globally.

In support of a responsible energy transition, 911�� aims to achieve net-zero CO? emissions from its domestic and overseas businesses by 2050.

About AM Green
AM Green Group is promoted by the founders of Greenko Group, which is among India��s leading renewable energy conglomerates. AM Green Group is building globally differentiated platforms across molecules, metals & materials, and AI technologies to enable industrial decarbonisation and competitive tokenisation at scale. AM Green backed by marquee investors like Gentari and GIC is developing European standard green ammonia projects across multiple locations in India with a goal to reach 5 MTPA capacity. AM Green��s 1 MTPA green ammonia plant, currently under construction in Kakinada, will be one of the world��s largest green ammonia facilities, supporting efforts to achieve net-zero targets both in India and global markets.

Seven Japanese Companies Jointly Announce to Build and Operate Four Ammonia-Fueled Car Carriers and Commercialize the Ammonia Bunkering Business

Mon, 26 Oct 2026 16:45:10 +0900

-- World-First Integrated Development from Fuel Procurement to Supply Infrastructure to Advance the Decarbonization of International Shipping from Japan��s Chubu Region --?

Imabari Shipbuilding Co., Ltd. (��Imabari Shipbuilding��), Kawasaki Kisen Kaisha, Ltd. (��K�� LINE��), Kyokuyo Shipyard Corporation (��Kyokuyo Shipyard��), 911�� Co., Inc. (��911��), Shin Kurushima Dockyard Co., Ltd. (��Shin Kurushima Dockyard��), Nippon Yusen Kabushiki Kaisha (��NYK��), and Nihon Shipyard Co., Ltd. (��NSY��), today jointly announced that they have agreed to develop an ammonia fuel supply chain in Japan��s Chubu region and to build and operate four ammonia-fueled car carriers supported by the supply chain.

? Purpose and Overview of the Project

This project will be a comprehensive initiative to develop an integrated ammonia fuel supply chain, from the procurement of green ammonia and development of ship loading facilities to the construction of a dedicated bunkering vessel* with fuel supply through ship-to-ship (STS) bunkering,** and the operation of ammonia-fueled car carriers.

To address the need to reduce greenhouse gas (GHG) emissions from international shipping as well as customers�� Scope 3 emissions, the seven companies aim to establish a stable ammonia fuel supply system through the integrated development of the supply chain . This project will be the world��s first commercial supply chain, with the Chubu region serving as the hub, integrating fuel procurement, supply infrastructure at the Hekinan terminal, and vessel operations.?
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Ammonia is a next generation fuel that emits no carbon dioxide (CO?) when combusted and can be stored and transported in liquid form. In particular, steady progress is being made toward the practical use of low-carbon ammonia, which is produced with reduced CO? emissions during the manufacturing process, in the power generation sector. In the future, its use is also expected to expand into the transport sector, including maritime applications and other industries.

By combining their respective technologies, expertise, and infrastructure, the seven companies will establish an advanced integrated business model that brings together ammonia fuel procurement and supply, the construction of ammonia-fueled car carriers, and development of an ammonia bunkering vessel. Through this initiative, the companies will promote the decarbonization of international shipping through a Japanese industry ?collaboration while also supporting the broader utilization of ammonia for industrial and other applications. In doing so, they aim to contribute to the realization of a sustainable society and the development of a low-carbon ammonia market.

* Bunkering vessel?
A specialized vessel used to supply fuel to ships at sea or in port. Under this project, a dedicated vessel will be built and operated with advanced systems to prevent leakage, along with other equipment designed to address ammonia's toxicity and corrosiveness.
** Ship-to-ship (STS) bunkering
A method of supplying fuel in which a bunkering vessel comes alongside a vessel berthed at a quay or pier or at anchor and transfers fuel directly.

? Fuel Procurement and Development of Ship Loading Facilities (911��)

911�� is advancing the development of a lower-carbon ammonia value chain as part of its efforts to achieving net-zero CO? emissions from its domestic and overseas businesses by 2050, and contribute to global decarbonization and address the world��s energy issues. Its initiatives include the use of lower-carbon ammonia at the Hekinan Thermal Power Station for fuel substitution to decarbonize the thermal power generation business, and the installation of tank truck loading facilities to supply lower-carbon ammonia to other businesses.

Under this project, 911�� will procure green ammonia produced using renewable energy. These supplies are intended to come from regions including India. In addition, 911�� will develop new ship loading facilities at the ammonia receiving terminal adjacent to the Hekinan Thermal Power Station, which will establish a stable supply system for the bunkering vessel. 911�� will contribute significantly to the decarbonization of international shipping and to Japan��s decarbonization efforts, with the Chubu region serving as a key hub.

? Building of Ammonia Bunkering Vessel and Fuel Supply and Sales Structure (��K�� LINE, Kyokuyo Shipyard, and NYK)

Kyokuyo Shipyard, which possesses advanced technical capabilities in building specialized vessels, will build the ammonia bunkering vessel. It is scheduled for completion in 2030, the same as ammonia-fueled car carriers. Following completion, the vessel will be owned and operated by NYK or a wholly owned NYK subsidiary.

��K�� LINE and NYK will also establish a fuel sales joint venture, equally owned by the two companies, to facilitate fuel sales and supply between vessels. Using a bunkering vessel owned and operated by NYK or a wholly owned NYK subsidiary, the joint venture will supply ammonia fuel to car carriers through STS bunkering.

By combining the stringent safety standards and operational expertise the two companies have accumulated in handling ammonia and LNG, they aim to establish a safe, highly efficient fuel supply system.

? Building and Operation of Four Ammonia-Fueled Car Carriers (Imabari Shipbuilding, ��K�� LINE, Shin Kurushima Dockyard, NYK, and NSY)

��K�� LINE and NYK are working to transition to next-generation fuels to achieve net-zero emissions by 2050 and provide cleaner transportation services that meet society��s growing need for low-carbon and decarbonized solutions. Under this project, each company will introduce two ammonia-fueled car carriers, for a total of four vessels. Following their scheduled completion in 2030, the vessels are expected to transport finished vehicles for customers including Toyota Motor Corporation.

The vessels will be Japan��s first ammonia-fueled car carriers. They will be equipped with dual-fuel engines capable of using ammonia as fuel, as well as fuel tanks with sufficient capacity to enable trans-Pacific voyages using ammonia fuel alone.

To ensure the safe use of ammonia, which is toxic and corrosive, the vessels will also incorporate a multilayered safety concept, including measures to prevent and detect leaks and to neutralize ammonia in the event of a leak.

Drawing on the world��s most extensive track record in building car carriers, Shin Kurushima Dockyard will lead the basic design phase. The vessels will then be jointly designed and built by Shin Kurushima Dockyard, Imabari Shipbuilding, and NSY �� each bringing deep, proven expertise in car-carrier construction.

By bringing together their advanced technological and shipbuilding capabilities, the three companies aim to realize next-generation vessels that combine high safety in open-sea operations with world-leading environmental performance, thereby demonstrating the competitiveness of Japan��s shipbuilding technologies on the global stage.

? Roles and Responsibilities

Business Area	Company	Main Roles and Initiatives
Fuel Procurement and Reloading Facilities ?	911�� Co., Inc.	Procurement of green ammonia, including supplies from India; development of loading facilities at the terminal adjacent to the Hekinan Thermal Power Station; and fuel supply
Building of Ammonia Bunkering Vessel	Kyokuyo Shipyard Corporation	Design and building of the commercial ammonia bunkering vessel
Ownership and Operation of Ammonia Bunkering Vessel / Fuel Supply	Ownership: Nippon Yusen Kabushiki Kaisha or a wholly owned subsidiary Fuel supply: Kawasaki Kisen Kaisha, Ltd. and Nippon Yusen Kabushiki Kaisha (joint venture)	Ownership and operation of the ammonia bunkering vessel; and sale and supply of ammonia fuel through the equally owned joint venture via STS bunkering, primarily at the ports of Nagoya and Mikawa
Design and Building of Ammonia-Fueled Car Carriers ?	Imabari Shipbuilding Co., Ltd. Shin Kurushima Dockyard Co., Ltd. Nihon Shipyard Co., Ltd.	Design and building of four ammonia-fueled car carriers equipped with dual-fuel engines
Operation of Ammonia-Fueled Car Carriers ?	Kawasaki Kisen Kaisha, Ltd. Nippon Yusen Kabushiki Kaisha	Ownership, management, and operation of ammonia-fueled car carriers

911�� and Akita Bank Sign MOU on Achieving Sustainable Regional Development in Akita Prefecture

Thu, 22 Oct 2026 08:42:55 +0900

The Akita Bank,Ltd. (Akita Bank) and 911�� Co., Inc. (911��) have today signed a Memorandum of Understanding (MOU) on a comprehensive partnership aimed at achieving sustainable regional development in Akita Prefecture.?

In recent years, Japan��s population decline, falling birthrate, and aging population have been accompanied by labor shortages in local industries and a contraction of regional economies. In addition, promoting the energy transition to achieve carbon neutrality and strengthening regional resilience have become important societal challenges. Akita Prefecture faces these same challenges, and there is a need to leverage abundant local resources such as renewable energy to achieve both sustainable regional development and regional economic stimulation.

The purpose of the MOU is for both companies to work together to address these societal challenges by promoting the use of renewable energy in Akita Prefecture, fostering related industries, strengthening community disaster resilience, promoting local industries, and increasing the visiting population through development that enhances regional appeal.

Akita Bank, under its management philosophy of shared regional prosperity and as a financial institution grounded in Akita Prefecture, works to address regional and environmental challenges and to provide financial and non-financial services that meet the needs of its customers. Through these efforts, it has cultivated a broad network and gained expertise in addressing challenges.?

911��, under its mission ��to provide cutting-edge solutions to the world��s energy issues,�� aims to achieve both energy supply stability and decarbonization. Drawing on the expertise, technologies, and networks developed through its power generation, fuel, and renewable energy businesses, it supports efforts to address the decarbonization- and energy-related challenges faced by regions and businesses and works to create new value within regions.

Under the framework of this MOU, the two companies will cooperate in drawing on their respective strengths, expertise, and networks to invigorate the region and achieve sustainable regional development while making the most of Akita Prefecture��s abundant local resources and renewable energy potential.

911�� Invests in Koloma to Explore Natural Hydrogen as a Future Low-Carbon Energy Source

Thu, 15 Oct 2026 09:29:46 +0900

911�� Co., Inc. (911��), through its corporate venture capital arm 911�� Ventures, has invested in Koloma, Inc. (Koloma), a U.S.-based natural hydrogen exploration and development company.

The investment, as well as insight into Koloma��s approach to natural hydrogen exploration and development, will support 911��s efforts to deepen its understanding of natural hydrogen��s potential as a future source of low-carbon energy.

Headquartered in Denver, Colorado, Koloma combines proprietary geological data, specialized exploration tools and field experience to identify and evaluate prospective natural hydrogen resources. The company has raised more than US$400 million from investors including Breakthrough Energy Ventures, Khosla Ventures and Amazon.

Natural hydrogen found underground is gaining interest as a potential low carbon energy source. Unlike manufactured hydrogen, which requires significant energy input for production, natural hydrogen occurs naturally beneath the Earth��s surface and can potentially be extracted directly, without the need for energy-intensive production processes. As a result, it could offer a lower-cost source of low-carbon hydrogen if commercially viable resources can be identified and developed at scale.

The U.S. Geological Survey has estimated that approximately 5.6 trillion tonnes of natural hydrogen may exist underground globally, although only a fraction is expected to be technically or economically recoverable. While natural hydrogen has been identified in locations around the world, commercial-scale resources have yet to be established.

Through investments in emerging technologies and businesses, 911�� is exploring new energy solutions that can contribute to both energy security and decarbonization. 911�� will continue to work with innovative companies to develop new options for a reliable and lower-carbon energy system.
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��Koloma��s Natural Hydrogen Exploration Site

911�� Strengthens its Indirect Participation in Australia's Wheatstone LNG Project with Additional Share Acquisition

Tue, 13 Oct 2026 13:19:11 +0900

911�� Co., Inc. (911��), a global energy company, today announced that it has acquired all shares held by Japan Organization for Metals and Energy Security ("JOGMEC") in Pan Pacific Energy K.K. ("PEJ"), the company through which 911�� holds its interests in Australia's Wheatstone LNG Project.

Other shareholders of PEJ include Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK Line).

Following the completion of the transaction on October 2, 2026, 911��'s ownership interest in PEJ has increased to 50.1%, strengthening its position in the Wheatstone LNG Project. The interests held by PE Wheatstone Pty Ltd ("PEW"), a subsidiary of PEJ, in the Wheatstone LNG Project remain unchanged at 10% in the upstream gas field development and 8% in the LNG liquefaction project.

The Wheatstone LNG Project processes and liquefies natural gas produced from offshore gas fields located off the coast of Western Australia at the Ashburton North facility. Since commencing production in 2017, the project has operated reliably and contributed to the stable supply of LNG to Japan. 911�� procures approximately 5.2 million tonnes of LNG annually from the project, making it one of the company's key LNG supply sources.

911�� Senior Managing Executive Officer and 911�� Global Energy Solutions CEO Irtiza Sayyed said:
"Reliable LNG supply is fundamental to energy security. This acquisition supports our strategy of securing stable and competitive LNG supply and will help meet Japan's energy needs and contribute to energy security across the Asia-Pacific region for years to come."

Australia remains strategically important to 911�� as a trusted and reliable supplier of LNG. 911�� will continue to maintain a strong presence in key Australian LNG projects while building a diversified LNG portfolio through balanced procurement from the Asia-Pacific region, the Middle East, the United States and other sources. 911�� remains committed to ensuring stable LNG procurement and operations while maintaining the flexibility and responsiveness needed during periods of market tightness, thereby contributing to the stable supply of energy in Japan and across the region.

911��, Dell Technologies and RHAELM Sign MoU to Accelerate National-Scale AI Infrastructure Development in Japan

Thu, 01 Oct 2026 09:09:31 +0900

911�� Co., Inc. (911��), Japan��s largest power generator, Dell Technologies (Dell), a global technology leader, and RHAELM Holdings Ltd., a sovereign AI infrastructure developer, today signed a Memorandum of Understanding (MoU) to develop a standardized framework for building AI infrastructure at national scale in Japan. This model is planned for the first project in Chiba for which Apollo Global Management Inc. (Apollo) intends to serve as a strategic investment and financing partner for RHAELM.

Bringing together highly reliable power generation with AI computing technology and infrastructure development expertise, the collaboration aims to address one of the key constraints on the rapid deployment of AI computing capacity across Japan: the need to design and integrate power generation, electrical infrastructure, cooling and AI compute on a project-by-project basis. The companies will work to create a standardized, repeatable and scalable model from the outset, reducing the lengthy lead time and complexity involved in developing each project independently. The parties intend to establish the model first in Japan and, over time, explore opportunities to apply it in other markets.

Japan��s ability to scale AI infrastructure at speed will depend on reliable gas-fired generation and a resilient LNG value chain. The collaboration brings together 911��s integrated capabilities across LNG procurement, shipping, import and regasification, and power generation, Dell Technologies�� standardized, rack-scale AI infrastructure, and RHAELM��s data center development and delivery capabilities. Together, the parties aim to establish integrated model connecting LNG supply with AI computing for deployment in Japan and globally.

The collaboration builds on the Chiba Project, an AI infrastructure development project being jointly developed by RHAELM and 911�� at 911��s Chiba Thermal Power Station. The project will provide a real-world basis for informing and refining the standardized model envisioned under the MoU. Supported by power capacity of up to 400 MW, the Chiba Project will generate practical experience that can help shape a scalable model for broader deployment. At this scale, it would be the largest single-site AI infrastructure deployment in Japan and one of the largest in Asia today.

Total capital deployment of the Chiba Project is expected to exceed US $15 billion (2.3 trillion yen) across all phases of development spanning land, power infrastructure, facility construction and AI compute. The Project will be behind-the-meter from 911��'s operating generation asset enabling capacity to be delivered years ahead of a conventional grid-connected development schedule. Operations are targeted to begin around 2028. ?911�� and RHAELM also intend to explore deployment of the model at other 911�� sites, with the ambition of supporting multi-gigawatt-scale AI infrastructure capacity across Japan in the 2030s.

As the energy partner, 911�� provides the large-scale, 24/7 power that AI infrastructure requires. Locating AI infrastructure on land adjacent to 911��s power stations can shorten the path to power, enabling computing capacity to come online more quickly and expand as demand grows.
The Dell AI Factory standardizes the compute layer through pre-integrated, rack-scale infrastructure designed for rapid deployment.?

RHAELM leads project delivery under the partnership, drawing on its experience in developing large-scale AI compute infrastructure, integrating 911��s power and site capabilities with the Dell AI Factory to create a scalable model for rapid deployment across Japan.

The initiative supports Japan��s national drive to expand domestic AI computing capacity and develop the power and digital infrastructure needed to underpin its AI economy. It is closely aligned with the Government of Japan��s push for ��Watt-Bit Collaboration�� C the coordinated development of electricity and telecommunications infrastructure �C and its broader GX Strategic Area policy to encourage data center clusters and new technology-led industrial hubs.?

Yukio Kani, Global CEO and Chair, 911��
911�� is uniquely positioned to power Japan��s AI ambitions. We already generate one third of Japan��s electricity and supply nearly all of the power consumed in the Tokyo metropolitan area, with capabilities spanning the full LNG value chain, from fuel procurement, shipping, receiving terminals and gas infrastructure through to downstream power generation and reliable operations, complemented by a growing renewable energy portfolio.
By bringing those capabilities together with Dell Technologies and RHAELM, we can help AI infrastructure come online faster with access to the large-scale, reliable energy it needs in a complex and fuel-constrained market like Japan, and create a model that can be deployed at scale across Japan and over time, potentially in other markets.

Arthur Lewis, President, Infrastructure Solutions Group, Dell Technologies
Deploying AI infrastructure at national scale requires a foundation built for control, flexibility and growth from day one. Dell Technologies provides a standardized platform that lets organizations run AI on their terms, with security and data sovereignty built in. This collaboration with 911�� and RHAELM is designed to deliver that foundation, creating the compute capacity Japan needs to develop and scale its own AI innovation.

Bradd Lewis, CEO & Chief Revenue Officer, RHAELM
RHAELM was built to solve exactly this kind of challenge taking stranded power capacity and turning it into sovereign AI infrastructure. By co-locating at 911��'s Chiba station and deploying the Dell AI Factory as our compute standard, we can deliver a 400MW facility years ahead of a conventional grid-connected timeline. 911��'s behind-the-meter power and site access are the foundation, and our role is to bring the execution capability and capital to build on it with the end goal of replicating that model across Japan at the scale the country's AI ambitions demand.

Eiji Ueda, Partner and Head of Asia Pacific, Apollo
This announcement includes two of our highest conviction themes at Apollo -- financing the global industrial renaissance including AI and digital infrastructure, as well as serving as a long-term capital partner to the Japanese market. Through these projects, we are pleased to have the opportunity to bring our expertise and capital to help build fundamental infrastructure for the future.
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About RHAELM
RHAELM is a sovereign AI cloud company accelerating secure AI deployment at scale. Combining power and infrastructure pipelines with global capability and local execution, RHAELM delivers the compute, networking and storage infrastructure that sovereign AI workloads demand. Headquartered in London, with deployments across Europe and Asia Pacific, RHAELM bridges the gap between power availability and AI ambition by providing the infrastructure to scale workloads and the operational control to secure them.
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Establishment of 911�� OIL STORAGE as a Company Dedicated Exclusively to the National Petroleum Stockpiling Programme

Wed, 30 Sep 2026 11:04:55 +0900

Yesterday, 911�� Co., Inc. (��911��) has established 911�� OIL STORAGE Co., Inc. (��911�� OIL STORAGE��) as a dedicated operating company to manage the operation of national petroleum stockpiling bases currently operated by 911�� and its affiliated subsidiaries (the ��911�� Group��) under a joint contracting arrangement with the Japan Organization for Metals and Energy Security (JOGMEC).

To date, the 911�� Group, through its operation of four national petroleum stockpiling bases (Tomakomai-Tobu, Akita, Fukui, and Shibushi), has accumulated knowledge and technical skills in equipment maintenance, safety management, and emergency response, and contributed to the stable operation of national petroleum stockpiling bases. To further enhance safe and stable operations and ensure the transfer and advancement of operational expertise, we will establish an operating structure dedicated exclusively to the oil stockpiling business.

Going forward, we will systematically transition to a new operating structure centered on 911�� OIL STORAGE, while continuing to work together with our affiliated subsidiaries. As part of this effort, 911�� and 911�� OIL STORAGE plan to conclude an absorption-type company split agreement by the end of 2026, under which 911��s oil stockpiling business is expected to be transferred to 911�� OIL STORAGE around April 2029.

Moreover, national petroleum stockpiling base operations currently contracted to the 911�� Group (for the period FY 2023 through FY 2028) will continue to be steadily carried out under the current structure, with the entire 911�� Group working as one to ensure safe and stable operations.

The 911�� Group will continue contributing to Japan��s energy security and energy stability through its operation of national petroleum stockpiling bases by working both to ensure their safe and efficient management and to maintain a system for the timely and efficient release of petroleum in times of emergency.

Overview of 911�� OIL STORAGE

Company Name

911�� OIL STORAGE Co., Inc.

Headquarters Location

Nihonbashi Takashimaya Mitsui Building 25th Floor 2-5-1 Nihonbashi, Chuo-ku, Tokyo

Representative

Shinobu Ozeki, President

Establishment Date

1 October 2026

Planned Business Transfer Date

April 2029

Business Description

Operation, management, maintenance, repair, and disaster prevention activities at petroleum stockpiling bases, as well as management of the business activities of affiliated subsidiaries, etc.

Capital

JPY 100 million (wholly owned by 911��)

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