Entry into the Environmental and Energy Solutions Business - Capital and Business Alliances with L-B. Engineering Japan, a Developer of Storage Batteries -

Feb. 8, 2024

In January 2024, I-PEX Inc. (Head Office: Kyoto City, Kyoto Prefecture; Representative Director, President and Executive Officer: Takaharu Tsuchiyama; TSE Prime Market Code No.: 6640; hereinafter referred to as “I-PEX”) has announced that it has invested in L-B. Engineering Japan Co., Ltd. (Head Office: Yokohama City, Kanagawa Prefecture; Representative Director and President: Shigeaki Kato; hereinafter referred to as “L-B. Engineering”) to advance the development of a battery management system (BMS) suitable for reusable lithium-ion batteries and a control system for entire storage batteries, including IoT technology, consequently aiming to create disaster-resilient cities and smart cities and implement them in a Mobility as a Service (MaaS) society.

Development background

In the I-PEX Vision 2030, a medium- to long-term plan based on its corporate identity, I-PEX positions “Contribution to a comfortable and safe digital society through innovation” and “Contribution to measures against climate change and respond to a recycling-based society” as important issues for medium- to long-term value creation. In addition to the safety and functionality of lithium-ion batteries used in electric vehicles, we have focused on the fact that reusing them can reduce environmental burden, and have been developing BMSs suitable for reusing lithium-ion batteries.

As the first step in the environmental and energy solutions business, we will collaborate with L-B. Engineering to develop a storage battery system equipped with reusable lithium-ion batteries that can be used for BCP measures in the event of a disaster. Going forward, we will deepen our environmental and energy solutions in order to create new value toward the creation of a safe, secure and comfortable society that connects people with people and people with things, and a decarbonized society through the reduction of resource consumption and waste.

(Reference) Circular Economy for Automotive Lithium-ion Batteries

Visualization of circular economy for automotive lithium-ion batteries Visualization of circular economy for automotive lithium-ion batteries

In the circular economy of automotive lithium-ion batteries, lithium-ion batteries used in electric vehicles are expected to be converted to reusable lithium-ion batteries, used as power sources for various applications, and then recycled as raw materials for newly manufactured batteries when the batteries are finished their applications as storage batteries.

I-PEX will collaborate with L-B. Engineering to develop a storage battery system that matches the maximum battery capacity of reusable lithium-ion batteries and provide solutions that utilize reusable lithium-ion batteries with the aim to contribute to a circular economy with automotive lithium-ion batteries.

About L-B. Engineering Japan Co., Ltd.

The company was founded by Mr. Shigeaki Kato, who worked for Nissan Motor for more than 30 years in automobile manufacturing, mainly on electric vehicles and lithium-ion batteries. The company focuses on the potential of lithium-ion batteries and is planning and developing storage battery systems for various applications.

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