Tokyo Gas America

Tokyo Gas America Ltd., a wholly owned subsidiary of Tokyo Gas Co., Ltd. (President and CEO: SASAYAMA Shinichi “Tokyo Gas”) has entered into a sale and purchase agreement with Strategic PPAV, LLC, a fund managed by Strategic Value Partners, LLC（”SVP”）, in which Tokyo Gas will sell its entire 33.33% equity interest in Birdsboro Power Holdings Ⅱ, LLC (“Birdsboro”). Going forward, Tokyo Gas will proceed with the necessary procedures in the United States, including obtaining all required permits and approvals, in preparation for the transaction.

Tokyo Gas America Ltd. (President: FUJII Eiichiro, hereinafter “Tokyo Gas America”), through its wholly owned subsidiary, has entered into a Virtual PPA (Virtual Power Purchase Agreement) with Kuraray Holdings USA, Inc. (hereinafter “Kuraray USA”), a wholly owned subsidiary of Kuraray Co., Ltd. (hereinafter “Kuraray”).

Tokyo Gas Co., Ltd. (“Tokyo Gas”) announced that Tokyo Gas America Ltd. (“Tokyo Gas America”), a wholly owned subsidiary of Tokyo Gas, has established two subsidiaries (TGAM Trading, LLC and TGARM Investment, LLC) in the United States in order to promote its gas marketing and trading (M&T) business in North America. Through the newly established subsidiaries, Tokyo Gas has reached an agreement to acquire a 49% equity interest in ARM Energy Trading, LLC, a natural gas M&T company in North America established by ARM Energy Holdings, LLC (“ARM”).

Tokyo Gas America Ltd. (President: INUKAI Akira), a wholly-owned subsidiary of Tokyo Gas Co., Ltd. (President: SASAYAMA Shinichi) (“Tokyo Gas Group”), has completed the construction of the “Aktina Solar Power Project”*1 (the “Project”) in the state of Texas in the USA. The entire construction process of the Project was divided into four phases, with partial operations beginning in August 2021, and the Project is now fully operational from December 2023. The maximum output of the Project is 631MWdc, making it one of the largest solar power plants in the USA. 

Tokyo Gas America Ltd., a wholly owned subsidiary of Tokyo Gas Co., Ltd. (hereinafter “Tokyo Gas”), is pleased to announce the establishment of subsidiaries (TG Longbow Holdings LLC and its subsidiaries) in the United States and the acquisition of the 174MW Longbow BESS Project (hereinafter “Longbow”) in the state of Texas in the USA, through the subsidiaries. Longbow has been developed by Clean Capital Partners, LLC, a renewable energy development company headquartered in the USA.

Tokyo Gas Co., Ltd. (“Tokyo Gas”) announced that Tokyo Gas America Ltd. (“Tokyo Gas America”), a wholly owned subsidiary of Tokyo Gas, decided to acquire all shares of Rockcliff Energy II LLC (“RC”), a portfolio company of Quantum Energy Partners, through its ownership interest in TG Natural Resources LLC (“TGNR”).

Tokyo Gas Group has announced their Medium-term Management Plan for FY2023-2025.