Green Giraffe Advisory supported Ray8 Energy, a rapidly expanding BESS development platform in Japan, in securing growth capital for its next key phase of expansion from ICG.
This transaction marks the successful culmination of a multi-faceted journey, during which Green Giraffe Advisory supported Ray8 Energy across a wide range of retained strategic, development, and transaction-related work.
The addition of ICG’s Asia-Pacific Infrastructure team as a majority shareholder represents a significant step forward. As a trusted and highly regarded investor, ICG brings a depth of experience that aligns perfectly with Ray8 Energy’s mission.
Ray8 Energy plans to invest approximately JPY 50 billion to support the development and ownership of grid-scale BESS projects in Japan, with a growth target of more than 1 GW of installed BESS capacity over the next five years. Ray8 Energy will play a vital role in reinforcing the flexibility of Japan’s energy infrastructure as renewable energy adoption continues to expand.
