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Plans to build a microgrid project portfolio in the Philippines, Indonesia and Myanmar within 3-4 years

First project under management will operate in the Philippines

 

Tokyo/Singapore (22 January 2019) – Singapore’s WEnergy Global Pte Ltd, ICMG Partners Pte Ltd and Greenway Grid Global (GGG) Pte Ltd, an investment company with Japan’s Tokyo Electric Power Company PowerGrid Inc (TEPCO-PG) as one of the major shareholders, said today that they have formed a Singapore-based investment entity of US$60 million. This entity will finance and operate renewable energy projects in Southeast Asia, of which US$20 million has been made available for short term deployment.

 

This newly formed Singapore company, CleanGrid Partners Pte Ltd, aims to build and manage a portfolio of electrification projects valued at about US$100 million within three to four years. WEnergy Global, one of the principal shareholders of the new company, has already set the stage by being an initiator for a microgrid project in Palawan in the Philippines, to be part of this electrification plan.  

 

CleanGrid Partners Pte Ltd has three equal shareholders:

–       WEnergy Global Pte. Ltd, a Singapore headquartered company that has taken on several public and private sector clean electrification projects in the region.

–       ICMG Partners Pte. Ltd., a global management consulting firm with operations in Singapore, Tokyo, Shanghai and Silicon Valley, focused on achieving sustainable growth through intellectual capital management including corporate leadership development, corporate innovation and new business creation; and

–       Greenway Grid Global Pte Ltd., based in Singapore and with TEPCO PowerGrid Inc. as one its main shareholders, aims to promote happiness and green growth in communities through tangible investments in microgrid projects within the SEA region and utilize the fields for incubation business and human resource development.

 

CleanGrid Partners is a first for Greenway Grid Global, set up in 2018 as it will inject its technical knowhow and research & development strengths into the new company which is solely focused on Southeast Asia.

 

WEnergy Global, set up in 2012, is a Singapore engineering and investment company largely focused on identifying, designing, building and operating renewable energy microgrids in Southeast Asia.

 

ICMG Partners aims to bring in new global corporate leaders and innovative technologies in order to enhance the electrification throughout Asia. The company is fully equipped to bring partners from different sectors and countries together to address regional and global challenges with new business models and structures.

 

Several other projects in the Philippines, Indonesia and Myanmar are already in the pipeline. CleanGrid Partners is aiming at enabling a rapid replication of the Palawan project in several other places in Southeast Asia to meet the demand for off-grid and decentralised electrification. In Singapore, the partners aim at engagements in smart micro-grids at industrial estate level.

 

Mr Atem S. Ramsundersingh, CEO of WEnergy Global, said: “Much has been researched and documented by WEnergy Global about the lack of access to electricity in ASEAN. Having worked with financial institutions, multilateral agencies and national power companies, WEnergy Global knows that the problem of a lack of access to electricity remains a chronic problem in the region. The near-term solution that delivers on immediate on-the-ground benefits is to build, own and operate smart micro-grids for off-grid electrification, which most multilateral agencies, investment companies and mega power companies are reluctant to embark on. Our new partnership will combine WEnergy Global’s on-the-ground knowledge and pioneer’s experience in ASEAN with the best-of-breed smart technologies that the likes of TEPCO-PowerGrid already owns.”

 

Mr. Gen Funahashi, Director of ICMG Partners: “We believe that investors, development and commercial banks and technology manufacturers worldwide must address the challenge to electrify the one billion people on our planet who have no or little access to electricity – of which over 100 million people live in Southeast Asia. We can make an impact by leveraging on the best available intellectual capital and transforming the management mindset of companies and governments to bring innovative clean energy solutions to this part of the world”.

Mr. Shinichi Imai, TEPCO PowerGrid’s Managing Director of International Business Development Unit and Greenway Grid Global Chairman, said: “Collectively, the Group aims to contribute to achieving the Sustainable Development Goals (SDGs) and the targets set in the Paris Agreement for Climate Change through innovation.”

 

Mr. Yoshinori Kaneko, President of TEPCO PowerGrid, said: “Utilizing the technology and knowledge gained in the transmission and distribution sector in Japan, we promote investment in smart power infrastructure that brings vitality to the global community for green growth.”

 

About the Investors

  • About WEnergy Global Pte Ltd

WEnergy Global Pte Ltd is a Singapore based company that is active in the development, EPC and ownership of RE-hybrid power projects. The company has a strong focus on 24/7 RE-hybrid power systems for off-grid areas and working on further innovations in the hybridization of power generation systems, such as the use of tidal power in addition to solar PV to further reduce diesel consumption and push for a 100% renewable energy driven system. WEnergy Global has developed business and financial models that are able to evaluate investments in RE-infrastructure under different regulatory and fiscal frameworks in the ASEAN region. The company also brings in skills for multi-stakeholders engagement to manage complex RE-infrastructure projects in all stages of the project cycle.

For more information, refer to www.wenergyglobal.com.

 

  • About ICMG Partners Pte Ltd

ICMG Partners Pte Ltd is a leading management consulting company based in Singapore with ICMG Group’s global footprint in Tokyo, Shanghai, Bangalore and Silicon Valley. ICMG focuses on corporate leadership development, corporate innovation and new business creation driven by intellectual capital management to achieve sustainable growth in emerging and globalising markets for clients including major Tokyo Stock Exchange listed companies. In September 2018, ICMG led a joint program, “ICMG Corporate Innovation Summit”, with a Singapore government agency for the SWITCH (Singapore Week of Innovation & Technology) event including ICMG clients and Singapore’s cutting-edge venture companies.

For more information, refer to

SG website https://www.icmg.com.sg/en/

Japan website https://www.icmg.co.jp/en/

 

  • About Greenway Grid Global Pte Ltd

Greenway Grid Global (GGG) Pte Ltd is a special investment vehicle of TEPCO-PG, Chubu Electric Corporation and ICMG, all three parent companies from Japan. The GGG is based in Singapore given the possibilities for outreach to the ASEAN region, while benefiting from the innovation platforms and knowledge networks in Singapore. GGG is aiming at engaging in companies that are innovation oriented in the entire spectrum of energy, from power systems to eVehicles to the use of Internet of Things that improve relations with consumers and producers of energy.

 

  • About TEPCO PowerGrid

TEPCO PowerGrid Inc. is operating the largest power grid in Japan, serving 29 million customers and with a power disruption of 6 minutes per year on average, making it one of the world’s best performing grid operators.

For more information, refer to: http://www.tepco.co.jp/pg/

 

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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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