IPO Approved! On June 25, I-GRID SOLUTIONS Co., Ltd. filed a securities registration statement for an Initial Public Offering (IPO) on the TSE Growth Market (scheduled listing date: July 29, assumed offer price: ¥710). The company operates a Power Purchase Agreement (PPA) business in which solar power generation facilities are installed on the rooftops of commercial properties at zero upfront cost, with the generated electricity supplied directly to those facilities. This is further complemented by an energy trading business that supplies surplus electricity to other consumers. Its most distinctive feature is the "Surplus Power Circulation Scheme," which leverages AI technology to forecast demand and power generation, ensuring that all surplus electricity is fully utilized. Targeting corporations such as supermarkets with large rooftop surface areas and high daytime electricity consumption, the model simultaneously achieves decarbonization and electricity cost reduction. At the core of the business is the removal of barriers to renewable energy adoption through a sustainable model that remains commercially viable without reliance on subsidies. Particular attention is being drawn to its mechanism for transforming underutilized rooftop space — a latent social resource — into tangible value. 🌞 Energy sector listings continue in succession!