ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
Sep 26, 2018 12:00 JST
Source:
TRENDE
TRENDE Raises JPY 730 Million in Series A Funding
TOKYO, Sep 26, 2018 - (JCN Newswire) - TRENDE Inc., an online renewable energy retailer selling electricity to residential customers in Japan, today announced it has closed a JPY 730 million Series A funding round led by TEPCO Ventures with strategic investments from Showa Shell Sekiyu K.K. and Dubai Electricity and Water Authority (DEWA).
TRENDE is a spinout from Tokyo Electric Power Company Holdings, Inc., the largest utility in Japan serving millions of homes and businesses. The company is led by serial entrepreneurs Tadatoshi Senoo and Jeffrey Char, and takes an environmentally responsible approach to provide consumers with clean and affordable energy. With this investment TRENDE will continue to grow its technical team and build upon its early success in the market.
Tadatoshi Senoo, CEO of TRENDE said, "The Japanese energy industry is undergoing a fundamental transformation empowered by new technologies and business models. We are delighted to partner with these global energy companies to lead this digital transformation for the benefit of our customers in Japan."
The company's Ashita Denki service offers customers 2 simple and affordable flat rate plans. In addition, the company's Hot Denki service incentivizes customers to become prosumers. TRENDE installs, operates and maintains solar panels on homeowners' rooftops and shares the cost savings with its customer. The customer does not incur any upfront costs and immediately enjoys a lower energy tariff. Moreover, at the end of the contract term TRENDE transfers ownership of the solar panels to the customer.
TRENDE expects its Ashita Denki and Hot Denki services to accelerate the widespread adoption of solar power in Japan. At which point, the company aims to leverage blockchain technology to create a peer-to-peer (P2P) marketplace for producers and consumers of renewable energy.
"We look forward to partnering with TRENDE to drive the transformation of the Japanese energy industry," said Misao Hamamoto, Senior Executive Officer Energy Solution Business COO at Showa Shell. "We believe that TRENDE will redefine the energy ecosystem in Japan with its customer-centric business model and innovative P2P platform."
"TRENDE, an upcoming Japanese electricity retailer and technology company presents a unique opportunity to forge a strong partnership between a world class utility and a dynamic startup," said H.E. Saeed M Al Tayer, MD & CEO at DEWA. "I'm confident that both DEWA and TRENDE will provide each other several strategic benefits."
About TRENDE
TRENDE Inc. is an online renewable energy retailer selling electricity to residential customers in Japan via its Ashita Denki (
https://ashita-denki.jp/
) and Hot Denki (
https://hotdenki.jp
) service websites. TRENDE is a Tokyo Electric Power Company Holdings, Inc. group company. For more information, please visit
http://trende.jp/
.
About TEPCO Ventures
TEPCO Ventures is a Tokyo-based wholly-owned subsidiary of Tokyo Electric Power Company Holdings, Inc., Japan's largest electrical utility. TEPCO Ventures cooperates with other members of the TEPCO Group as well as new ventures to create additional value for society while strengthening the group's overall business portfolio and earning power.
https://www.tepcoventures.co.jp/en/
.
About Showa Shell
Showa Shell Sekiyu K.K. is listed on the Tokyo Stock Exchange and has roots dating back more than 100 years in the downstream energy business. Showa Shell Sekiyu Group's goal is to support its customers and society as an energy solutions provider supplying safe and sustainable energy, with Oil and Energy Solutions Business as its two main businesses.
http://www.showa-shell.co.jp/english/index.html
About Dubai Electricity and Water Authority
Dubai Electricity and Water Authority (DEWA) is a leading global utility that was formed in 1992 to provide Dubai's citizens and residents with a continuous and reliable supply of electricity and water. Today DEWA provide services to more than 800,000 customers with a satisfaction rate that reached more than 95%. DEWA has collaborated with several global utilities and is investing in leading startups across the globe.
https://www.dewa.gov.ae/en
Source: TRENDE
Sectors: Energy, Alternatives, Alternative Energy, 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
TRENDE Launches Commercial P2P Energy Trading Service in Partnership with JA Group and ITOCHU
9/10/2024 5:00:00 PM JST
TRENDE Awarded Grant for P2P Energy Trading Project in Japan
8/27/2024 2:00:00 PM JST
TRENDE Acquiring Renewable Energy Business from ONE Energy
8/26/2024 10:00:00 AM JST
TRENDE selected to join 11 leading edge companies focused on solving the world's greatest challenges at Unreasonable Impact Asia Pacific 2020
12/1/2020 4:00:00 PM JST
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
TRENDE, Toyota and UTokyo Experiment with Next-generation Electricity System
5/28/2019 7:00:00 PM JST
The University of Tokyo, Toyota and TRENDE to Begin Testing Next-generation Electricity System
5/23/2019 2:03:00 PM JST
TRENDE Announces Formation of Advisory Board
10/1/2018 3:00:00 PM JST
More Press release >>