Project Elevator Pitch
Confidential · For registered investors
Issued
2026-07-14
NXC
Japan · Energy
Electrical Storage & Distribution Japan
Energy
Utility (gas, water, sewage etc)
Capital Sought
USD 120,000,000
Spent to date
USD 50,000,000
Country
Japan
Submission Ready Indicators
LTV Expectation
70%
Land / Site
Sale/lease agreed
EPC Contracts
Signed
Off-take Agreements
Signed
Projections
Completed and available
This opportunity qualifies for Internationally A+-rated Insurance Wrap — elevating the debt element of project financing through the Lloyds-of-London insurance market.
About this opportunity
The project is positioned to meet a growing need in Japan’s power market as electricity demand rises, renewable penetration deepens, and the grid requires more fast-response flexibility to support frequency regulation and system stability. With one operating pioneer station in Obuse and a 40-site ready-to-build pipeline, The project principals are targeting that higher-value flexibility layer rather than relying solely on merchant power exposure. The company projects an 18.72% unlevered IRR in its base case, increasing to 32.7% with 70% debt financing, supported primarily by frequency regulation revenues.
Five-year projections
All figures in USD| USD | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
|---|---|---|---|---|---|
| Turnover | 0 | 0 | 45,793,299 | 107,702,299 | 105,518,317 |
| EBITDA | (3,640,516) | (6,930,787) | 19,968,519 | 74,997,618 | 73,032,034 |
| Margin % | 0 | 0 | 43.6 | 69.6 | 69.2 |
PFX registered investors were provided with the dataroom for this project prior to listing.
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Confidential — PFX Registered Investors Only · Not for redistribution
PFX / NXC / 2026-07-14