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The collaboration opportunity between TEPCO and ELECTRIFY was made possible with TEPCO i-Frontiers through ICMG as the Corporate Open Innovation Partner. ICMG, through bridging the gap between large Japanese MNCs and small local startups, facilitates and accelerates the relationship and collaboration processes between parties involved.

 


 

TEPCO Announces Strategic Investment in ELECTRIFY to Accelerate PP Energy Trading.

 

 

SINGAPORE and TOKYO, JAPAN, 1 November 2018 – TEPCO FRONTIER PARTNERS, LLC announced today that it has invested in ELECTRIFY. ELECTRIFY is Singapore’s first marketplace for electricity retail, established to address the need for transparency and efficiency against the backdrop of increasingly liberalized electricity markets in Asia. TEPCO’s investment comes at a timely moment for ELECTRIFY, with the deployment of their alpha test of Synergy in October—a new, peer-to-peer energy trading platform that will allow prosumers (producers of electricity who are also consumers) to generate, store and trade surplus power with another user across the same power grid. It also positions ELECTRIFY and Synergy favourably amid Singapore’s Open Electricity Market (OEM), which will roll-out in phases nationwide from this month.

 

 

Following the completion of the alpha test in Singapore, Synergy is slated for public launch in early 2019. Synergy will be integrated into ELECTRIFY’s existing price comparison platform.
The collaboration opportunity between TEPCO and ELECTRIFY was made possible with TEPCO i-FRONTIERS and ICMG as the Corporate Open Innovation Partner. TEPCO iFRONTIERS is an agent of TEPCO Energy Partner, the retailer of TEPCO, for development of new products. ICMG, through bridging the gap between large Japanese MNCs and small local startups, facilitates and accelerates the relationship and collaboration processes between parties involved.

 

 

“TEPCO maintains a fast pace while searching for possible collaborations with business partners, and rapidly conducts POC and customer value verification for the customers. Working with the team to adapt their technology for markets beyond Singapore, ELECTRIFY has proven itself to be a true contender in shaping the future of the Asian energy landscape leading the market with its innovative use of blockchain technology, speed to market and global innovation,” said Tadashi Tamura, President of TEPCO FRONTIER PARTNERS. “Amid a changing, more deregulated landscape, we look forward to bringing joint innovation to market and making a positive difference to communities.”

 

 

“With the Asia Pacific region undergoing a trend of market liberalisation and growing energy demand, ELECTRIFY is redefining the way energy is produced, sold, and consumed through Synergy, catalysing the creation of a liberalised economy for a sustainable energy future,” said Julius Tan, Chief Executive Officer and Co-Founder of Electrify. “This funding from a leading industry giant such as TEPCO is a proof case of our abilities, and spurs us on to fulfil our vision of building an intelligent energy ecosystem not just in Singapore, but across Asia,” he added.

 

 

Contact:

Mr. Yusuke Tsuji

TEPCO i-FRONTIERS, INC.

6 Temasek Boulevard, #42-02, Suntec Tower 4, Singapore

Tel: +65 9880 4072

Website: http://www.tepco-if.com/

 

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19th September 2017

 

TEPCO Energy Partner, Inc.

ICMG Co., Ltd.

 

TEPCO i-FRONTIERS has been launched, specialising in business incubation to inaugurate a new era

 

Tokyo Electric Power Company Energy Partner, Inc., (TEPCO EP) and ICMG Co., Ltd. (ICMG) announce the establishment of a new joint venture (JV), TEPCO i-FRONTIERS, to trigger acceleration in business incubation. New products and services coming out of TEPCO i-FRONTIERS will be sold under TEPCO EP.

 

 

Creating a business eco-system1:

This JV will enable TEPCO EP to roll out products and services which cater for diverse customer lifestyles. TEPCO EP continuously develops new products and services, as well as their electricity and gas service, to offer a better quality of life to over 20 million households. Alongside internal development, TEPCO EP seeks to work closely with external business partners to set out services.

 

ICMG is a Japanese strategic consultancy firm, proposing cutting-edge solutions for clients. With its connection to an extensive network of startups and ventures in Japan, Singapore and Silicon Valley, ICMG has continued working with TEPCO EP as a business partner. Not only does ICMG provide valuable insights into client issues, the business also assists as a bridge for leading overseas companies to tap into the Japanese market.

 

 

To strengthen the two parties’ potentials, both agreed on launching a joint venture for outstanding business development:

The core value of the JV lies in open networking of individual and collective knowledge of local and global sectors, entrepreneurs, businesses and academia. The new entity covers from idea generation to actual product launch, which entails ideation, concept definition and test marketing in the process. Having an open mind, the JV will take in potential products and services that are already on sale but not recognised in the market, as well as elaborate early-stage business ideas. 

 

TEPCO i-FRONTIERS is keen to hold networking events to facilitate open innovation, hereby announcing its first event on the 11th of October 2017. This is an open call for the attendance of entrepreneurs, businesses and research institutions alike. For more information, visit http://www.tepco-if.com/.

 

 

The JV’s focus in Asia is firmly placed on 1) launching new businesses, 2) expanding smart home consumer services and 3) energy businesses:

To this end, TEPCO i-FRONTIERS openly welcomes potential business partners as follows:

  • Partners determined to bring innovation into the energy industry in all phases of its development, transmission and sales,
  • Partners able to reconstruct the energy industry based on consumer insights,
  • Partners aiming to tap into smart home and consumer services, and
  • Partners keen to collaborate with Japanese companies with advanced knowledge and skills to penetrate the whole Asian market

 

-END-

 

Note for Editors:

  1. business eco-system (in reference to a biological eco-system): a framework of synergistic relationships between different business specialties and sectors, carrying potential for innovation.

 

 

About TEPCO i-FRONTIERS, INC.

Set up in 2017, TEPCO i-FRONTIERS has been embarking on a journey, searching for smart home products and services. The business will form partnerships, providing consultation for human and service development as appropriate.

 

About TEPCO EP, Inc.

Established in 2015 as a subsidiary to TEPCO, TEPCO EP is responsible for retailing electricity and gas.

 

About ICMG, Inc.

Since its launch in 2000, ICMG has provided strategic consulting services for business. With focus on innovation growing, ICMG is expanding its consultation to form a business eco-system.

 

 

Contact:

Mr. Yusuke Tsuji

TEPCO i-FRONTIERS, INC.

6 Temasek Boulevard, #42-02, Suntec Tower 4, Singapore

Tel: +65 9880 4072

Website: http://www.tepco-if.com/

 

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What Is the key to success in Open Innovation Acceleration
– Reconsideration through the experience/realization of Open Innovation Acceleration with Asian start-up company

Date & Time Thursday, June 25, 2015 
1:00 p.m. – 4:00 p.m.
Hosted by ICMG Co., Ltd.
Overview Here is a detail
Inquiries Tel: +81-3-6858-3211 Fax: +81-3-6858-3214 Attn: Tsuji 
Tel: +65-6890-0751 Attn: Nakamura
Location Block 79 Main space

 

 
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The 1st Japan-ASEAN Business Forum in Singapore Business Alliance in ASEAN Developing Countries: Issues and Opportunities Faced by Japanese Companies, Learned Through Comparing with Approaches of Western Companies.

Date & Time Wednesday, September 3, 2014 2:00 p.m. – 4:00 p.m. followed by a reception(Doors open at 1:30 p.m.)
Hosted by ICMG FINANCIAL SERVICES PTE. LTD.
Cooperation ACA INVESTMENTS PTE. LTD. / Sembcorp Industries / Infocomm Investments Pte Ltd / Kelvin Chia Partnership
Inquiries Tel: +81-3-6858-3211 Fax: +81-3-6858-3214 Attn: Nagayanagi / Yamagata Tel: +65-6890-0751 Attn: Nakamura
Location Suntec City Guild House, 3 Temasek Boulevard #02-401/402 Suntec City Mall, Singapore 038983
*On the 2nd floor of Tower. View map map
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