Investing in innovative energy ventures


Our Investment Strategy

Target countries

We focus our scouting efforts on EEA, North America, and Israel, though we are happy to expand our scope for the right project.

 Investment Policies

Our preferred outcome is merging an equity investment with a joint venture or sales partnership to enter the Japanese market. We do not seek to be lead-investors.

 Company Size

We look for commercialised scale-ups, ready for international expansion. Typically, annual revenue will be $1M+ and funding will have reached series B ($10M+)

 Target Deal Size

Typically between $1.5M-$3M

Recent deals

Our Sources

Held annually, ENECHANGE Insight Ventures (previously Japan Energy Challenge) is an opportunity for innovative companies operating in the energy sector, to meet and connect with large Japanese corporates, our subscribers. The goal is to build relationships that result in collaborations, sales, investment, and other forms of support for helping grow the invited companies in Japan.

This competition is unique in that all invited companies will have at least one sponsor interested in meeting them specifically. The EIV team works with the invited companies in the months leading up to the event to fully understand their business and products.

The event itself will represent the culmination of months of research and back and forth communication, making the actual meetings very meaningful to exploring future relationships.

Find out more about the program and how to apply to ENECHANGE Insight Ventures here.

Stage I - Scouting

By looking at current investment trends within the Global energy market we identify the most promising sectors and perform detailed research on the best companies therein.

Stage II - EIV Participation

The companies we select are carefully vetted by an experienced team of energy professionals, until a suitable list of participants to EIV is agreed upon with the program’s subscribers.

Stage III - Investment

Of these finalists, only a select few will be considered for the fund, based on product fit with the Japanese market and success of EIV participation we throw our weight in behind top-tier projects.

ENECHANGE Insight Ventures 2021 Sponsors

Enechange Paint

ENECHANGE LTD. is Japan’s most popular energy switching website, having 3 million monthly unique visitors and working with over 100 energy suppliers. ENECHANGE is also recognised as one of the most innovative energy ventures in Japan, providing vertically integrated tech solutions – such as data-driven CRM solutions, smart-meter data management (SMAP), AI-driven load curve simulation etc. – for energy suppliers.

eneos

ENEOS (former JXTG Nippon Oil & Energy) is the largest oil company and 4th largest new electric power supplier in Japan. They have crude refining capacity of around 1.8 million barrels per day – which is comparable to BP – and a nationwide supply chain enabling stable supply of products and services associated with energy. They have also been supplying low-carbon energy, such as solar, wind, biofuel, and hydrogen.

 
KDDIƒ_ƒS

KDDI is a telecommunications company based in central Tokyo. Its subsidiaries include the popular telecommunications brand au. Their focus is on delivering a strong 5G network to Japan, which was rolled out in March 2020 under their au brand. Their aim for 2030 is ‘Society 5.0’, focusing on seven technology segments: network, security, IoT, platform (servers),  AI, XR (AR, MR, VR), and robotics.

 
looop logo website

LOOOP operates a low-voltage power retail business, Looop Denki. Since starting in April 2016, the business has gained over 100,000 users by the end of March 2018. After reaching this critical turning point, LOOOP aims to reach 200,000 users by the end of the next fiscal year, and is opening a broad array of new services to attract smart energy consumers.

 
Mitaden

Mitaden provides electrical equipment, HVAC, water supply, drainage and sanitation equipment, solar power and wind power. Regarding solar power generation systems, the company sells and installs everything from residential to corporate mega solar systems. They also provide after-sales service for all types of equipment related to their different domestic facilities, and are considered a strongly reputable company throughout Japan.

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Mitsui Sumitomo Insurance is a member company of the MS&AD Insurance Group. Responsible for non-life insurance business, which is a core business of the MS&AD Insurance Group, Mitsui Sumitomo Insurance is exercising its comprehensive capabilities to offer insurance and financial services business globally.

Nihon Unisys logo

Nihon Unisys, Ltd. provides IT solutions for their clients in sectors ranging from financial services, manufacturing and distribution to energy and government. In recent years, the Group has been working on projects that lead to innovation in the areas of environment, health and customer touch points, based on their R&D in data analytics and management, coupling real and digital worlds and AI.

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Panasonic Corporation is one of the largest electronics producers, with nearly 80 USD billion in revenue and 271,000 employees. For its 10-year vision, it plans to invest significant resources in developing Focused Technologies such as AI/IoT/Big Data, Sensing Technology, Robotics, and Digitalization Network. Supportive Technologies such as Key Device/Manufacturing, and Energy in “Home”, “Mobility”, “Business” will also be a target.

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Tohoku Electric Power Company provides electricity to the Aomori, Iwate, Akita, Miyagi, Yamagata, Fukushima and Niigata prefectures, manages over 587,600 km of distribution network and generates over 16.8 GW of electricity. The company is planning on significantly expanding overseas, with a clear target of doubling overseas generation capacity by 2030.

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HOKURIKU ELECTRIC is a vertically integrated electricity supplier serving about 2.1 million customers. Their generation mix is characterized by a higher ratio of hydroelectric power – which is less carbon intensive than other forms of generation – thanks to plentiful water resources in their area. Their Transmission/Distribution Division will be reformed as a separate entity in 2020 and plans to install smart meters to all household by 2024.

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Osaka Gas is a utility company that primarily provides gas and electricity service to consumers and businesses in the Kansai area. The group is consolidated under the Daigas Group brand. One of their long-term focuses is stronger investment abroad by 2030, with current ownership stakes in projects including natural gas, LNG, thermal, wind, and solar across the US, Asia, Australia, and Europe.

rakuten logo

Rakuten Energy is a subsidiary of Rakuten Mobile, Inc., and provides a low-cost, simpler energy service to households and businesses under the Rakuten Denki, Rakuten Gas, and Rakuten Denki Business brands. Another business stream is their Rakuten Energy Trading System, one of the first platforms for trading renewable energy and energy conservation using blockchain technology in Japan.

Toho Paint

Toho Gas is the third largest city gas supplier in Japan with 2.5 million customers. They also have a growing electricity supply business with 300,000 customers in their area. Furthermore, Toho Gas provides services related to connected homes, business energy support, and energy resource aggregation & balancing. Toho Gas is also working on its 4th hydrogen station for the widespread use of fuel cell vehicles.

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JGC Japan Corporation is a leading engineering company in Japan that operates in a variety of fields, including energy, chemicals, life sciences, and healthcare. They have their own fund, JGC MIRAI Innovation Fund, which has four main investment targets: realising carbon neutrality, building sustainable and resilient infrastructure, enhancing quality of life in the face of an ageing society, and making industries smart.

ENECHANGE Insight Ventures 2021 First Cohort

akselos

Akselos provides real-time predictive digital twins for large asset integrity management. Their software monitors the structural condition of critical infrastructure by combining next generation simulation software with sensors and data analytics.

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BlocPower’s building monitoring platform performs digital building assessments for clean energy projects, saving customers up to 70% on annual energy costs.

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Clobotics offers wind turbine inspection and consultancy services to utilities, energy companies, wind farm owners and manufacturers across Europe and Asia. In April 2020, the company acquired the Danish AtSite A/S – a global leader in blade inspections – and renamed it Clobotics Wind.

eli

Eliq is a Swedish SaaS provider of customer engagement and energy insight platform to the utility industry. Their platform combines energy data and AI to deliver descriptive, diagnostic, prescriptive and predictive analytics, which help utilities understand their customers.

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Enerbrain turns wasteful buildings into smarter, healthier & more sustainable ones. Their smart retrofit system is the “Energy Brain” for non-residential buildings and uses IoT solutions and powerful algorithms in the cloud to optimise energy usage in real-time, allowing 30% operational savings.

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Enevate’s proprietary battery cell technology utilises silicon-dominant anodes with a multi-layer design to provide high energy density, low-temperature operation (up to -20˚C) and charging times of 5 minutes.

esmart systems

eSmart Systems builds and delivers next-generation software solutions for powerline inspections, grid maintenance planning, and optimising energy flexibility. They develop AI-powered solutions to support utility companies worldwide by ensuring reduced costs and prolonged asset life.

ev energy

ev.energy offers electric vehicle (EV) smart charging software services. Their platform allows for savings on the cost of EV charging, as well as automatic control and integration with charging hardware, at home and on the go.

gecko

Gecko Robotics develops and operates wall-climbing robots to automate inspections for infrastructure and industrial assets – power, oil & gas, pulp & paper. Their solutions enable clients to extend equipment life, minimise downtime, increase efficiency and safety.

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Grid Beyond – GridBeyond operates in the smart grid space, offering demand side response (DSR) & energy services for Industrials & Commercial (I&C) organisations. They are a leading provider in Ireland, UK and US with more than 10 years of experience.

leap

Leap provides a marketplace enabling cloud-connected flexible loads to participate in wholesale energy markets and earn revenue by helping to balance the grid. Leap has offices in California and the Netherlands, with growing presence in the US and Europe.

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Lithion Recycling – Lithion Recycling has developed an efficient and cost-effective process to recover up to 95% of strategic materials from end-of-life and production waste of lithium-ion batteries.

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MaaS Global has developed a mobile application, Whim, to advance the concept of mobility-as-a-service and offer a true alternative to car ownership. Whim gives people the ability to access and purchase a variety of transport services through a single point of contact.

persefoni

Persefoni provides carbon management solutions that help organisations and financial institutions measure their carbon footprint across their operations and portfolios.

rovco-vaarst

Rovco and Vaarst have developed autonomous underwater vehicle systems to complete seabed mapping and subsea infrastructure inspections, enhancing security and safety for the maritime and offshore energy industries.

solpod-2

Solpod is an Australian manufacturer of solar mounting products and solutions. Their products are designed for businesses that rent buildings for a shorter time period; hence, SolPod’s products are rentable, re-deployable solar arrays that can be installed in a day.

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Sympower is a demand response aggregator providing software solutions that enhance the value of energy assets by enabling them to participate in the balancing markets and generate new revenue streams.

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T-RECs.ai is a Singaporean company operating an online trading platform for Renewable Energy Certificates (RECs) allowing renewable energy buyers and sellers to transact locally, cross-border and globally.

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TWAICE provides predictive analytics software that combines deep battery knowledge and AI to determine the condition and predict the ageing and performance of batteries, making complex battery systems more transparent, effective and reliable.

witricity

WiTricity develops and commercialises safe and efficient wireless power transfer over distance using magnetic resonance technology.

via

VIA’s AI platform automates data privacy, data integration, and data analysis for the energy ecosystem, enabling secure analysis of data that has been ‘trapped’.

Japan Energy Challenge 2020 Cohort

Ambri

Ambri is a US company developing a liquid metal battery and spin out from the Massachusetts Institute of Technology (MIT) materials research. The batteries were conceived by MIT’s Professor Donald Sadoway who has taught Materials Science for over 40 years. 

Breeze_technologies

Breeze Technologies provides hyperlocal air quality and climate data through smart, affordable indoor and outdoor sensors, as well as actionable environmental intelligence for corporates and cities.

driivz

Driivz provides a smart cloud-based platform that spans EV charging operations, energy management, bespoke billing and roaming capabilities, home, public and workplace charging, and driver self- service tools.

enbala

Enbala Power Networks develops and deploys software that aggregates customer electricity demand, along with energy storage and renewable energy sources, to create a network of continuously optimized distributed energy sources.

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FreeWire Technologies provides smart battery systems for EV charging and mobile distributed power. It provides clean, quiet mobile power, and fast charging that’s available and easy to deploy.

GreenSync

GreenSync builds software that allows resources like solar, battery storage and electric vehicle chargers to help deliver ever more affordable, reliable, renewable electricity for us all.

 
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METRON is a AI company that helps industrial clients leverage untapped industrial data and connect to decentralized energy resources, thus fostering the emergence of the Internet of Energy.

 
OhmConnect

OhmConnect provides home energy management solutions via smart meter analytics and energy market integration. Their platform enables residential users to sell their energy reductions directly into energy markets via demand response.

ONO

ONO is a Berlin based e-mobility company offering a whole new light electric vehicle: The ONO Pedal Assisted Transporter.  The vehicle allows for a more efficient delivery of goods in urban environments.

Origami-Energy

Origami Energy‘s platform together real-time data from physical assets and commercial markets to unlock new value, and accelerate our transition to a cleaner, more reliable and efficient global energy system.

 

Pexapark provides software for better renewable energy sales. Their tools enable portfolio management, lower transaction costs and better risk control.

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Power to Hydrogen is commercializing an advanced reversible fuel cell technology to cost effectively and efficiently convert electricity and water into high purity hydrogen and oxygen, and when needed back to power.

reactive

Reactive Technologies is an energy tech company providing grid operators and renewable asset owners with market-leading and mission-critical technology solutions to accelerate the clean energy transition

 
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Sense is a technology company that specializes in developing and distributing tracking devices and home automation solutions for its customers.

 
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SkySpecs offers an automated drone inspection service and analytics platform that allows for repeatability, high-quality data, and safer inspections.

 
Sure-Chill

Sure Chill offers a refrigeration and energy storage technology that cools for weeks without power. By harnessing the unique properties of water, it allows continual cooling at a perfect 4ºC, anywhere in the world.

Telensa

Telensa makes wireless smart city control applications, including the world’s most widely deployed smart streetlight solution. Telensa’s solutions also provide a low-cost platform to add multiple city-wide sensor applications.

 
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TeraWatt Technology a spinoff of SF Motors Inc. (d.b.a SERES), develops ultra-high energy density next-gen lithium-ion batteries for diverse electrified applications.

 
Voltalis

Voltalis is a major provider of demand response services. The company has already rolled out and operated 1 million devices in a 100,000 homes and buildings to its demand control platform enabling energy savings.

 

Japan Energy Challenge 2019 Cohort

Connected Energy provide energy storage units comprised of second-life EV batteries for use in commercial, industrial, and utility applications.
Edge Electrons have designed a range of energy efficiency and monitoring technology solutions for grids, businesses and homes.
eMotorWerks offer a complete line of Smart electric vehicle charging stations and custom solutions and allow their customers to control their EV fleet’s charging schedules with the advanced IoT platform, JuiceNet Enterprise
Energisme allows companies and local authorities to take control of their energy expenses. It provides its customers with predictive modeling tools and an ecosystem of partners to anticipate and optimize their energy consumptions.
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Through integrations with solar panels, battery storage and smart home devices – EO wants to enable individuals to remove their dependency on the grid. They’re working to create a new energy ecosystem which gives people the power of energy autonomy.
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EVBOX build easy-to-use and durable charging solutions (hardware and software) for electric cars.
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Ezzing Solar have developed an “all-in-one” software solution that simplifies PV and allows companies to develop and be profitable in distributed generation.
Geo Paint NEW
geo focuses on the energy element of the smart home. Their aim is to make energy smarter and help customers save money on their energy bills.
Heliatek make Organic Solar Films, a flexible and light solar panel for the building industry that can be installed on many more surfaces than traditional PV modules.
Hubject provide a digital B2B marketplace for connecting different market players in order to create a digital and cross-border charging network for electric vehicles – the intercharge network.
The Kaluza platform provides connections to a range of IoT enabled assets from our portfolio of world-leading hardware partners. It receives telemetry from these devices, forecasts a future state of the energy system and combines that with customer information to simulate various charging paths that the assets can take. Finally the optimised control decisions are dispatched to the individual asset.
KiWi Power partners with TSOs like National Grid to provide demand response solutions in UK and other countries. Demand response is a method of reducing electricity consumption at times of peak demand on the grid, allowing System Operators such as National Grid to avoid using outdated, expensive and polluting, “peaking” power stations.
Lumenaza’s “utility-in-a-box” software connects producers and consumers of locally produced renewable power so they can “build up a regional, communal and transparent supply with green electricity.”
Next Kraftwerke’s VPP software-as-a-service solution NEMOCS is a control system software, which provides an advanced IT infrastructure for VPP operations. It allows clients to aggregate, monitor and manage thousands of decentralized energy resources in a very performant, reliable and beneficial way.
Open Energi manage distributed energy to radically reduce electricity costs and provide flexible capacity to enable a 100% renewable energy system
Power Ledger have designed a software that can be used to buy and sell electricity in real time as well as measuring, reporting and validating renewable generation certificates.
Solargis provide solar and meteorological data, energy-calculation software and consultancy for developers, investors and operators of solar power plants.
Switchd provides electricity and gas retail customers with a software service to automatically switch their provider to the best energy deal, saving them time and money.
The tiko platform brings retail electricity customers the power of a Virtual Power Plant and an award-winning Smart Home Energy Management system designed to connect Residential and SME assets
Virta provide homes and businesses with a connection to smart charging stations and charging networks for their Electric Vehicles.

First meetings at Imperial College

Kaluza's Pitch to the Sponsors

Startups mingling

EVBox's Pitch

Announcing Winners

2019 Group Photo

Japan Energy Challenge 2018 Cohort

Brill Power develops intelligent battery management technology to increase the lifetime and reliability of lithium-ion battery packs for grid-scale energy storage and electric vehicles.
Ecoppia’s cloud-based robotic solar panel cleaning platform keeps panels in large-scale solar energy installations operating at peak performance year-round – optimising production, reducing operational costs, and positively impacting overall return on investment.
Howz helps utilities drive engagement with a growing segment of their customers – older people – by linking their use of energy to their daily activity and their well-being.
Limejump is a technology-driven utility, using big data and the Cloud to create a unique Virtual Power Plant (VPP) that enables generators, energy storage and businesses to access the same market opportunities as large power stations.
Meshcrafts is a tech company developing software for e-mobility and energy management with a perspective on Smart City, Smart Grid and Smart Transportation.
SolarCoin is a blockchain-based commodity like air miles for solar power generation. It is available globally to solar power producers at the rate of 1SLR per MWh of validated solar power produced.
The Piclo Platform is an online marketplace for peer-to-peer energy and flexibility trading.
Powervault develop an intelligent, affordable electricity storage system for the home, which reduces customers’ electricity bills by enabling them to store and use free solar energy or cheap, off-peak electricity.
The Pavegen technology is a multifunctional custom flooring system. As people step on the tiles, their weight causes electromagnetic induction generators to vertically displace, which results in a rotatory motion that generates off-grid electricity.
ubitricity has developed a unique and market leading approach to Electrical Vehicle charging. SimpleSockets enable charging infrastructure to be set up anywhere EVs park. The SmartCable enables the user to bring their own mobile energy tariff to the charging point.

Visiting University of Cambridge

Sponsor Delegation

Announcing Winners

Howz's Pitch

Brill Power's Pitch

2018 Group Photo

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