EFOI News & Events

Energy Focus announced a joint investment with Japan's Meihodo and Euka Power Japan in an energy storage power plant located in Asakura, Fukuoka, Japan. Holding a 35% stake, EFOI will play a lead role in battery procurement and related energy management functions, positioning the Company to participate in the power regulation market, one of the most valuable segments in the global energy industry. The project has already received a grid application response from Kyushu Electric Power and is expected to reach Commercial Operation Date in the second half of 2026. This milestone will translate into visible revenue and cash flow, serving as the launchpad for EFOI's "energy platform" strategy. Financial Targets: With a total project investment of approximately 500M JPY, of which the Company's 35% share represents approximately 175M JPY, the project aims for an Internal Rate of Return exceeding 35%. Revenue Streams: By leveraging Japan's balancing market, capacity market, and real-time arbitrage mechanisms, the project is designed to generate revenue from multiple power market participation opportunities. Business Pivot: This highly replicable and scalable model facilitates EFOI's transition from a traditional energy products company into an asset-and-data-driven "Energy-as-a-Service" platform. EFOI intends to use this project as a springboard to accelerate expansion across Japan and the broader Asia-Pacific region. Over the next five years, the company is targeting over 1GW in energy storage and energy product sales opportunities, subject to market conditions and successful project execution, tapping into a potential multi-hundred-million-dollar market. As asset scale and profitability rise, EFOI is poised to reshape its valuation logic, emerging as a high-growth energy technology platform of significant interest to capital markets.

Energy Focus provided an update on the continued execution and multi-year delivery progress across major data center projects, denoted Project G and Project Y. The company said, "The Company has completed Project G and is currently advancing Project Y. Together, these engagements reflect increasing demand for high-capacity Uninterruptible Power Supply systems and precision cooling solutions supporting large-scale and AI-driven data environments. The Project G engagement reflects the Company's continued collaboration in high-reliability power deployment, including the installation of a large-scale UPS system supporting high-capacity operations. The project was substantially completed in 2025, contributing to the Company's revenue for the year. The total project value was approximately $0.5M, highlighting the Company's continued expansion in high-growth industrial and technology sectors. The Company's client in Project G is a Taiwan-based advanced electronics manufacturer within a leading global printed circuit boards group, operating large-scale facilities in the Southern Taiwan Science Park and supporting high-performance computing, communications, and AI-driven applications. Project G further demonstrates the Company's capability in delivering large-scale, high-efficiency UPS solutions tailored to mission-critical manufacturing and technology operations. The multi-year Project Y program represents a substantial infrastructure deployment spanning 2026 through 2027. Project Y involves one of Asia's largest data center development companies, focused on large-scale data center infrastructure and digital connectivity solutions across the region. Key components include: Large-capacity UPS installations ranging from 250kW to 1250kW; High-efficiency Fan Wall Units to support thermal management and operational resilience; Phased system deployment aligned with data center expansion milestones.The scale and diversity of installed capacity underscore the Company's growing footprint in large-scale data center and AI-ready facilities. The total estimated contract value for Project Y is approximately $6.6M across 2026 through 2027, reflecting strong customer demand and continued investment in data infrastructure."