The environment that surrounds our current energy society is showing substantial changes. For example, there is anincrease in demand for home-use facilities because of facilities for which feed-in tariffs (FIT) have ended and rising
renewable energy charges.
Looking at this societal context, it is inevitable that there will be a demand to transition from the current large-scalecentralized model to a distributed-energy society in which renewable energy, particularly solar power generation, willbecome commonplace.

Outlook of Next Energy

Next Energy & Resources is determined
to bring the distant vision of a sustainable
society to the near future.

Towards a utility-pole free world
An issue with renewable energy is the instability of supply due to weather and other factors. To supplement this, there isan advancing shift to a shared “distributed-energy society” that links generation facilities and storage batteries scatteredin various places with advanced supply and demand estimations and high-speed control.
By developing and constructing IoT platforms, developing lower cost and highly reliable storage batteries, and promoting
a third-party ownership (TPO) model that enables the introduction of solar power generation systems for home use withzero initial investment, we are maximizing the value of distributed energy resources and accelerating its effective
application.
To further support these activities, we are cooperating with many utility businesses.
By multiplying the networks and strengths of each company with the knowledge we have gained, we contribute to therealization of a distributed energy society.

Atsushi Ito, President and Representative director

Increase ofrenewableenergy charges
ESG investment
boomFacilities for which
the FIT* purchaseterm has ended

Trend of worldwide
decarbonization

about what to do next and what is necessary.

with the present and are always thinking

Societal context surrounding
our energy society

focused on the future. We are not satisfied

Since our founding, we have continually taken on new efforts in the solar power
generation field with a business focus of simply “popularizing renewable energy”.
Right now, the world is at the crossroads where energy starts to be converted fromfossil fuels to renewable energy. Starting with the Paris Agreement on climate change,
concrete efforts to prevent global warming are accelerating all over the world. Backed
by these efforts, the Japanese government is also making major policy changes topopularize renewable energy, and we expect the market to change in shape as it
rapidly expands in the future.
The knowledge and technology that we have gained up to now is a solid base to takeon the huge market that will be built in the future. This includes not only efforts
involving new solar power generation facilities, but also efforts to improve the valueof existing solar power generation facilities (by maximizing the amount of powergenerated) and secondary markets (such as the buying and selling of existing solar
power generation facilities). We are confident that this will be a driving force to realize
the popularization of renewable energy. The principle of “profit in duty” is a part of ourmanagement philosophy. “Duty” means morality, meaning, and a moral way of life,and “Profit” means benefits and losses and gains. Our “duty” is to popularize
renewable energy and realize a sustainable society.
Our “profits” are the gains made from our business, which naturally result when thesignificance of our renewable energy business and the meaning of our existence arerecognized by society. In other words, “Profit in duty”.
By first doing our “duty” and “profiting” from it, and growing as a company, we intend
to move society in a better direction through our business activities.
We only do work that leads to the “popularization of renewable energy”.
We will earn reasonable profits from this work. This is the “Profit in duty” that we aimfor. As we achieve this, we will overcome any problems, stick to our goals, andcontinue to push forward to “evolve and improve society”, which is our original
business mission.
Thank you for your continued support and guidance.

Advance of
global warming

Rapid increase of solar
power generation
facilities due to FIT*

*Feed-in tariffs

To realize a sustainable society, we are always

Where vision meets reality.

Realizing a distributed-energy society centered on solar
power generation

Increase in demand forhome-use facilities
Decrease in storage
battery costs
following the start ofpopularization

Development andconstruction of
IoT platform

Repeatedlarge-scaledisasters

ApproachPromotion of
third-party
ownership (TPO)
model

Development oflow cost, high-quality
storage batteries

Next Energy business partners
JapanInternational[World's largest battery manufacturer][Silicon Valley IT company][World's largest power conditioner manufacturer](Listed in arbitrary order without honorifics)* As of October 2020

Our Businesses

Development and manufacturing of solar
power generation system components
From essential components such as solar cell modules, module installation
stands, and power conditioners, to O&M related equipment and electricity
storage systems, we have been involved in solar power generation for over
15 years and use the unique data and abilities we have gained to guarantee
quality while carrying out OEM/ODM production as a fabless manufacturer.

Solar cell module reuse
Based on our abundant data and knowledge, we are also engaged in thereuse business to find and sell only reliable used modules using ourbenchmark “REBORN technology®”.

Businesses related to industrial solar power generation

Construction of large-scale electricity selling
solar powered generation locations
We meet all needs related to the introduction oflarge-scale, aboveground industrial solar powersystems, such as “Mega Solar”, which aims to sellelectricity by the feed-in tariff (FIT) system. Fromdesign to construction, we supply complete
support, including the drafting of business plans
and the selection and procurement of systemcomponents. We also do construction on landwith difficult conditions through use of ouruniquely developed pile-driving attachment“Next Piler®” and our aboveground installation
stand “Musashi®” for rough slopes.

Introduction of solar power generation
systems for home use

We design, develop, and sell off-grid (independent electrical power) solar
power generation systems as independent power supplies, such as power
supplies for low-power use in homes and businesses, emergency power
supplies, onboard power for RVs, and solar streetlights.

on solar power generation.

energy, we are developing various businesses centered

As our mission to popularize and promote renewable

Off-grid (independent electricity storage)
solar power generation system

GREENa*From design to construction, we supply totalsupport for the introduction of home-use solar
power generation systems focusing on thethird-party owner (TPO) model, which has no
initial investment costs. We supply energy
management solutions that help improvebusiness value through the reduction of electric
power procurement costs and CO2.

O&M service
We support the management of power generation facilities through periodic inspections
and emergency responses. In addition, we supply panel cleaning and other services for
power generation and O&M service operators to maximize the amount of power
generated, reduce maintenance and management costs, and improve property values.

Businesses related to home solar power generation

Issuing renewable energy certificates

Selling of system components (sales of goods)

We issue renewable energy certificates that certify theportion of the environmental value that has electrical
power generated from reusable energy. By distributing
renewable energy certificates for used electrical energy, it
can be considered as the use of electric power fromrenewable energy.

We obtain and sell solar power generation system components and electricity storage
systems, including our in-house manufactured goods. We support the introduction of solar
power generation facilities through a full product lineup and complete warranty system.

Supply of CO2-zero electric power
We offer the electric power retail service “GREENa Electricity”, which has twoplans: the “GREENa standard” CO2-zero electric power plan and the“GREENaRE100” plan to supply electric power from 100% renewable energy
for individuals and corporations.
*Our electric power retail business (GREENa) was taken over by our wholly owned subsidiary GREENa from September 2020.

Company overview● December Established as a total support business for using renewable energy.
● October2005

2008
2009

We will popularize
renewable energy
and contribute tothe construction ofa sustainablesociety.

Launched a recycle and reuse business for used PV system equipment(first in Japan).

● JuneOpened a sales website for Tradable Renewable Energy Certificates.

● JuneOpened a sales website for stand-alone PV system equipment.

Name

Next Energy & Resources Co., Ltd.

Establishment

December 2003

Capital

100 million yen

Representative

Representative director Atsushi Ito

Permits, licenses, Construction business permit, Minister of Land,and registrations
Infrastructure, and Transport permit, Special-3,No. 27834

Secondhand dealer permit,

Nagano Prefecture Public Safety commission permit● March2010● February

2012

No. 481252100019

Announced establishment of a recycling energy services network.
Full-scale start-up for green energy supply services.

Sales

20,543,600,000 yen (for June 2023 term)

Opened a website for renting PV systems.

Number ofemployees

247 (as of June 30, 2023)

Group companies RenoBridge

November Launched Maintenance Services for efficient and effective
maintenance for solar power businesses.

2013

2014

● JulyReorganized to Next Holdings.

● JuneAcquired VEGLIA Laboratories Inc.
Acquired ISO 9001:2008/JIS Q 9001:2008 certification.

2015● November Launched electricity retail business as a PPS with 100% renewableenergy brand, GREENa.

2017● August

Established Next Energy Technologies (Shanghai) Co., Ltd. in China.

December Selected as a “Company Driving Regional Growth” in Nagano
Prefecture by the Ministry of Economy, Trade, and Industry.

2018● December Entered a contract related to cooperative industry with the American company
Infiswift Technologies and regularized the development of an IOT platform.

2019● JunePresident and Representative director Atsushi Ito was selected andinaugurated as Director of the Japan Photovoltaic Energy Association (JPEA).
Formed a capital alliance with Tokyo Gas and entered a joint
development contract for IOT platform control systems.

JulyGREENa
Next Energy Technologies (Shanghai) Co., Ltd.

CSR

Educational activities/environmental
education
We hold short courses on fun, easy-to-introduce off-grid systems,
and seminars related to CO2 reduction by Eco-Action 21 of theMinistry of Environment for businesses in Nagano prefecture. Inaddition, we support lectures for the popularization and promotionof renewable energy and manage traveling courses about
renewable energy and environmental issues for local elementaryand middle schools at the request of the Komagane City Board ofEducation.

Entered a business partnership related to the development and sales of storage
batteries with the Chinese company Contemporary Amperex Technology (CATL).
Entered a capital alliance with Shikoku Electric Power Company for thefurther popularization and expansion of distributed energy resources.

November Entered a business partnership related to the development and sales of industrial
storage batteries with the Chinese company Sungrow Power Supply Co., Ltd.

partner companies.

progress while deepening relations withNext Energy & Resources will continue toOur Company2003

2020

Entered a capital alliance with Hokuriku Electric Power Company for thefurther popularization and expansion of distributed energy resources.
● January

Received the first certification in Japan as a reusable energy provider
and entered a partnership with CDP, an international NGO.

July

Entered a capital alliance with Tohoku Electric Power Company to promote
the creation of new businesses using distributed energy resources.
Entered a capital alliance with Shimizu Corporation to promote thepopularization and expansion of reusable energy and environmental
value businesses centered on non-FIT.

2021

September Formed a capital business partnership with the Kansai Electric PowerGroup.
● JulyMerge with Next Holdings Co., Ltd.

November We have established Next Energy Vietnam Co., Ltd. in Ho Chi Minh City,Vietnam.

2023

December Toyota Tsusho Corporation and capital partnership.
● January

Hayashiroku Co.,Ltd. and capital partnership.

Management of powerplants
serving the region
We built a reuse power plant that uses all old solar cell modules inAkaho, Komagane City, Nagano, where our head office is located. Inaddition to verifying the utility value of used modules, we manage
the plant as a field-trip facility and use it for the environmental
education of local students and others.
For safety, the living environment in the area, and regional crime
prevention, we installed solar outdoor lights that turn on at night on
the road in front of the powerplant. In addition, we also jointly built
an off-grid system to prepare for disasters. During a power outage,
the “Lively Exchange Center” (the district’s designated evacuationsite) next to the powerplant can cover some electricity use.