PHOTON CAPITAL Signs Virtual PPA for Automotive Industry

Press release

JTEKT Corporation (“JTEKT,” located in Kariya City, Aichi Prefecture, headed by President Kazuhiro Sato) and PHOTON Sustainable PV Investment Limited Partnership(LPS),operated by PHOTON CAPITAL LLC (located in Shibuya-ku, Tokyo, headed by Managing Partner Yuko Mizuno) ,have agreed on a Virtual PPA
(the “PPA ”) through its investment vehicle (collectively referred to below as “ PHOTON ”).

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