ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
Jan 19, 2018 12:00 JST
Source:
Electron
TEPCO looks to the transformative potential of blockchain by investing in Electron, a UK energy technology company
Electron aims to transform the energy infrastructure using blockchain technology
LONDON, Jan 19, 2018 - (JCN Newswire) - Tokyo Electric Power Company Holdings, Inc. (TEPCO) announced today that it closed an early-stage bridging round investment in Electron at the end of 2017.
Electron is a London-based technology company harnessing blockchain technology to establish more efficient, flexible, and reliable systems for the energy sector. Together, they will explore the potential to change the existing centralised structures to decentralised systems in energy transactions by using blockchain.
"We are excited to work with Electron to explore and obtain additional know-how on blockchain that has the potential to significantly impact the energy market," said Shin-ichiro Kengaku, Managing Executive Officer and Chief of Global Innovation & Investments at TEPCO. "We believe it is very important to continuously seek new opportunities and create new value for society."
Paul Ellis, CEO of Electron said, "In the next phase of energy transformation, millions of new assets will be joining energy networks at both the transmission and distribution levels. There is a huge need to create a robust shared infrastructure that can identify and record the properties of these assets - this can be underpinned by appropriate blockchain technologies. TEPCO is an energy industry leader for innovation in Japan, so we are delighted to partner with them to explore expanding our service offerings in other markets."
About TEPCO
Tokyo Electric Power Company Holdings, Inc. (TSE: 9501), headquartered in Tokyo, Japan, is the largest utility in Japan serving millions of homes and businesses. Worldwide the company has more than 34 subsidiaries and 32 affiliates in 8 countries and employs approximately 42,060 people. Consolidated revenue for the fiscal year ending March 31, 2017, totalled 5.3 trillion Japanese yen. The company was established in 1951 and is listed on the First Section of the Tokyo Stock Exchange. For more information, please visit
http://www.tepco.co.jp/en/corpinfo/index-e.html
Contact:
TEPCO
Media Communications Group,
Corporate Communications Office
+81 3 6373 1111 (Switchboard)
https://www4.tepco.co.jp/en/other/contact/media-e.html
About Electron
Electron is a London-based tech company harnessing blockchain to design new platforms and services for a decarbonising, digitising, decentralising and democratising energy sector. Recognising the potential for these new technologies to transform the shared virtual infrastructure of the grid, Electron is taking a top down, collaborative approach to platform development and working with various key stakeholders in the energy industry. For more information, please visit www.electron.org.uk
Information:
ELECTRON
Oenone Scott,
Communications Manager
+44 20 7096 1519
oenone.scott@electron.org.uk
Media enquiries:
Madano
Oliver Buckley
Michael Zdanowski
+44 20 7593 4000
oliver.buckley@madano.com
michael.zdanowski@madano.com
Source: Electron
Sectors: Energy, Alternatives, Environment, ESG, Alternative Energy, Blockchain Technology, PE, VC & Alternatives
Copyright ©2025 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Latest Release
Approval in Principle (AiP) for the Basic Design of a Large Ammonia-Fueled Ammonia Carrier Obtained from Classification Society
Mar 14, 2025 18:37 JST
Toyota Launches All-New Crown Estate in Japan
Mar 14, 2025 17:22 JST
Hokkaido Electric Power Corporation and Mitsubishi Corporation Establish a Joint Venture "Hokkaido Renewable Energy Aggregation Co., Ltd."
Mar 13, 2025 13:26 JST
Lexus Presents the World Premiere of the New "RZ"
Mar 12, 2025 17:45 JST
MHIET Achieves Rated Operation of a 6-Cylinder 500kW-class Hydrogen Engine Generator Set
Mar 12, 2025 14:11 JST
MOL and Fujitsu leverage AI for efficient crew replacement planning
Mar 12, 2025 13:53 JST
TANAKA PRECIOUS METAL TECHNOLOGIES Develops Miniaturized Micro Profile, a Next-Generation Contact tape for Fifth-Generation Signal Relays
Mar 12, 2025 11:00 JST
JCB Now Available on Google Play in Thailand, Indonesia, Vietnam, Philippines, and Hong Kong
Mar 12, 2025 11:00 JST
JCB Announced Premier Sponsorship for the 10th Edition of Sakura 2025 at Singapore's Gardens by the Bay
Mar 11, 2025 18:00 JST
Hitachi Energy invests additional $250 million USD to address global transformer shortage
Mar 11, 2025 17:49 JST
Eisai Recognized as "2025 Kenko Investment for Health" for the First Time and Certified as "Outstanding Organization Of Kenko Investment for Health Program (White 500)" for the Sixth Time
Mar 10, 2025 20:24 JST
CEPI funds Nagasaki University to develop innovative vaccines using Nanoball platform and NEC's AI
Mar 10, 2025 12:10 JST
Japan's Telecommunications Carriers Enhance Disaster Response with On-site Training for Joint Use of Marine Vessels
Mar 07, 2025 16:24 JST
NEC improves the energy efficiency and floor space density of 5G Mobile Core systems
Mar 06, 2025 13:20 JST
Unmanned Aerial Vehicles Being Developed by MHI Used in Demonstration of Automated Transport and Unloading of Heavy Cargo in Disaster Areas
Mar 05, 2025 16:11 JST
Eisai: Update on the Co-Promotion of the Oral Antifungal Agent Nailin Capsules 100mg in Japan
Mar 05, 2025 09:09 JST
MHI-MS Completes Domestic Development of Vehicle Transport Robot
Mar 04, 2025 19:39 JST
Eisai Receives Regulatory Review Outcome for Lecanemab as a Treatment for Early Alzheimer's Disease in Australia
Mar 04, 2025 17:22 JST
Prideone Entertainment announces concept for post-war film to mark 80th anniversary of the end of World War II
Mar 04, 2025 16:00 JST
NTT and DOCOMO Successfully Demonstrates On-Demand Unified Control of Computing Services Through Network and Service Integration
Mar 03, 2025 20:25 JST
More Latest Release >>
Related Release
Cleantech Group Names TRENDE Inc. a 2020 APAC 25 Company
9/16/2020 8:00:00 PM JST
TRENDE Secures Series B Funding, While Establishing Strategic Partnership with ITOCHU
6/18/2020 11:00:00 AM JST
Eurus Energy, MORGENROT and WOODMAN announce Cloud-based CG Rendering Services using Renewable Clean Energy
8/1/2019 3:00:00 PM JST
TRENDE, Toyota and UTokyo Experiment with Next-generation Electricity System
5/28/2019 7:00:00 PM JST
Implementation of Demonstration to Prove the Feasibility of V2G Aggregators
3/1/2019 8:00:00 PM JST
TEPCO to Participate in Coc San Hydropower Plant in Vietnam
11/9/2018 11:00:00 AM JST
TRENDE Announces Formation of Advisory Board
10/1/2018 3:00:00 PM JST
TRENDE Raises JPY 730 Million in Series A Funding
9/26/2018 12:00:00 PM JST
TEPCO Group, Zenrin and Rakuten examining Drone Highways for Drone Logistics
7/12/2018 7:00:00 PM JST
Free Electrons: 28 Pilots Already Launched between Startups and Utilities
7/11/2018 6:00:00 PM JST
More Press release >>