general company Marubeni Corporation has partnered with a -based startup to use the technology for its business, Marubeni confirmed in a on Feb. 20.
Marubeni, which has expanded beyond into the as well as , selected LO3 Energy’s transactive energy platform as the basis for an ongoing pilot project. The Japanese firm is the country’s fifth largest sōgō shōsha — a type of Japanese company that trades in a variety of products and materials.
Using , the aim of the partnership is to increase automation and efficiency in Marubeni’s renewable energy offerings.
“The Japanese energy sector is in the midst of a drastic transition, and there are increasing numbers of private power producers and suppliers interested in developing new customer offerings particularly in the renewable energy space,” LO3 Energy CEO Lawrence Orsini commented in the press release:
“Initially this project is internally focused, but it is very much driven by the desire from Marubeni to explore the opportunities that management systems can offer in the transaction of energy throughout .”
“This project will allow us to privately evaluate how this kind of network could work here in and develop case examples that we can use to decide how and when this kind of project could be implemented widely,” the chief operating officer of Marubeni’s power business division, Yoshiaki Yokota, added.
In testing -based solutions for the transactional side of energy deployment, Marubeni joins an increasing pool of major players.
At the end of last month, announced it had its own trial of a energy sharing project in conjunction with Japanese utilities supplier Eneres.
LO3 Energy’s product has already seen active service in the so-called project, a locally-based, mini energy-sharing network in New York.
Published at Wed, 20 Feb 2019 08:14:43 +0000
