Kingdom Energy Storage Platform Backed by Stonepeak Executes First Project Financing Facility

This section is Partnership Content suppliedThe content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Article contentSINGAPORE, April 06, 2026 (GLOBE NEWSWIRE) — Kingdom, a battery energy storage system (“BESS”) platform established by Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced that it has executed its first long-term project finance loan facility for its Mimasaka project, a 29MW battery energy storage project in Mimasaka, Okayama Prefecture, Chugoku, Japan. MUFG Bank, Ltd. is the original lender and mandated lead arranger. The project incorporates batteries from CATL, the world’s largest battery manufacturer.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentArticle contentKingdom owns and manages nine BESS projects in Japan that have each secured a 20-year revenue capacity market contract, which were won in the first two rounds of Japan’s Long-term Decarbonization Auction. The nine projects total 479MW of gross capacity. The Mimasaka project is the first of these projects to execute project financing. Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. 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Browse here.Article content“Kingdom is firmly committed to supporting Japan in meeting its energy transition goals,” said Jay Guo, Chief Executive Officer at Kingdom. “We are extremely excited to embark on this cooperation with CATL and MUFG, whilst continuing to swiftly progress the development of the remainder of our BESS portfolio.”Article content“We are delighted to have reached this landmark transaction, which anchors Kingdom’s position as a key player in Japan’s energy storage market,” added Ryan Chua, Senior Managing Director at Stonepeak. “We look forward to bringing more of our projects to financial close and into construction in support of Japan’s energy transition targets.”Article contentAbout KingdomKingdom is a BESS project development company, headquartered in Singapore with offices in Tokyo and Chengdu. Kingdom works across the full project life cycle to build, hold, and operate BESS assets in Japan and other markets, with the aim of advancing energy transition, and facilitating modern power grid system resiliency​. Article contentArticle contentAbout StonepeakStonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $84 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include transport and logistics, digital infrastructure, energy and energy transition, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.Article contentContactsArticle contentKingdomJay Guo / Tian Kai (TK) Lingcorporatecomms@kingdom-bess.comArticle contentStonepeakKate Beers / Maya Brounsteincorporatecomms@stonepeak.com+1 (212) 907-5100Article contentArticle contentArticle contentArticle contentArticle contentArticle contentTrending CRA denied taxpayer with multiple health issues the disability tax credit Personal Finance Posthaste: Why Canadians will feel the squeeze of soaring gas prices more than Americans News Opinion: The world has an energy problem and Canada is the solution Energy Subscriber only. 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