TESS Holdings Targets Renewable Energy Expansion by 2030

TESS Holdings Co., Ltd. (JP:5074) has released an update.

TESS Holdings Co., Ltd. aims to transform its business by 2030, with a focus on the rapidly growing renewable energy sector, including solar power plants and storage batteries, to stabilize the power grid. The company plans to prioritize investments in power storage and biomass fuel business, targeting increased corporate value through enhanced ROE and ROIC, while maintaining shareholder returns. Significant growth is projected by FY06/2030 with a forecast of 21.5 billion yen in gross profit and an 11% return on equity.

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