14 August 2019

Connected Energy sets sights on Japan with Japan Energy Challenge win

Connected Energy has won the 2019 Japan Energy Challenge and is making plans to enter the Japanese energy storage market.

About Connected Energy

Connected Energy is an engineering led innovator in energy storage. Its technologies that utilise second life electric vehicle batteries are rapidly changing the way intensive energy users can access the benefits of low-cost, on-site solutions. The E-STOR system is modular and scalable as well as straight forward to install and operate for energy intensive clients to flexibly control and reduce their energy costs, and develop new revenue streams.

The company provides a range of solutions from system feasibility assessments and system design, through to standard and bespoke system supply, equipment installation, maintenance and operation. A team of specialists provide end-to-end expert support to help clients realise value: storing excess energy to release it when needed; drawing on stored energy to optimise energy strategies; using the stored energy at times of peak demand or when tariffs are high.


Connected Energy has deployed systems in the UK and Europe and has recently secured £5m investment from ENGIE New Ventures, Sumitomo Corporation, Macquarie Bank and Turquoise Capital.2nd life battery energy storage specialist Connected Energy has won the 2019 Japan Energy Challenge and is making plans to enter the Japanese energy storage market.

This success sits alongside Connected Energy’s recent announcement of an investment from Sumitomo Corporation and adds further weight to their plans to move into the Japanese energy market which is undergoing major reform.

The Japan Energy Challenge (JEC) is a competition to foster relationships between Europe’s most innovative energy sector SMEs and link them with major Japanese energy corporates to build networks and accelerate market entry.

Connected Energy CEO, Matthew Lumsden commented, “We visited Japan late last year and were very impressed by the welcome we received from the energy and EV sectors alike, there is a great interest in learning from UK companies and in kicking off projects in our technical field.”

From the 20 Venture Competition finalists to receive a special prize Connected Energy was selected alongside three other winners: Heliatek (Germany), EVBox (Netherlands) and KiWi Power (UK) all of whom will receive a sponsored business development trip to Japan to continue discussions and sign deals.

Representing Connected Energy was Mark Bailey, CCO: “We are thrilled and honoured to be a winner of the Japan Energy Challenge and be recognized by the executives of Japan’s largest and most innovative energy sector companies. Our status as world leaders in the field of utilising second life electric vehicle batteries is enhanced by this award and we look forward to now working closely with the Sponsors. Our mission is to catalyse smarter, sustainable approaches to energy storage and we believe the virtuous circle of the EV batteries is a game changer for energy transition and the circular economy.”

The Japan Energy Challenge is sponsored by TOKYO GAS, ENECHANGE, Summit Energy, Showa Shell Sekiyu K.K., Hokuriku Electric Power Company, Looop, JXTG Nippon Oil & Energy, CHUBU Electric Power and TOHO GAS.

The awards ceremony followed months of scouting and preparation by the JEC team.20 participants were invited to the Venture Competition, giving them the chance to meet the sponsors and discuss proposals to bring a collaborative project to life.

The dozens of meetings between the executives of 9 of Japan’s largest and most innovative energy sector companies and some of the world’s most exciting startups helped the sponsors get a clear picture of each company’s capabilities, with the ultimate goal of implementing a project in Japan.

In the end, the sponsors chose four companies out of the 20 Venture Competition participants based on product fit and entrance plan to the Japanese market, as well as strategic synergies with the sponsors.


Media Enquiries

FOR MORE INFORMATION PLEASE CONTACT:

Matthew Lumsden - CEO

Connected Energy

T: 0191 4957321/ 07909 681334

E: matthew.lumsden@c-e-int.com

www.c-e-int.com



About Connected Energy

Connected Energy is an engineering led innovator in energy storage. Its technologies that utilise second life electric vehicle batteries are rapidly changing the way intensive energy users can access the benefits of low-cost, on-site solutions. The E-STOR system is modular and scalable as well as straight forward to install and operate for energy intensive clients to flexibly control and reduce their energy costs, and develop new revenue streams.

The company provides a range of solutions from system feasibility assessments and system design, through to standard and bespoke system supply, equipment installation, maintenance and operation. A team of specialists provide end-to-end expert support to help clients realise value: storing excess energy to release it when needed; drawing on stored energy to optimise energy strategies; using the stored energy at times of peak demand or when tariffs are high.

Connected Energy has deployed systems in the UK and Europe and has recently secured £5m investment from ENGIE New Ventures, Sumitomo Corporation, Macquarie Bank and Turquoise Capital.