Japan ‘s largest utility company Tokyo Electric Power Investment Zone Chain Energy Start – up Company


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nnTraverse: Conjoule Co., Ltd. is a start-up company that uses the block-chain technology to develop the p2p energy market, which has raised $ 4.5 million under the investment of Japan’s largest utility company, Tokyo Electric Holdings (TEPCO) and innogy Innovation Hub Euro A round of financing.n
nnTranslation: Dorisn
nConjoule, Inc., a start-up company that uses the block-chain technology to develop the p2p energy market, has raised € 4.5 million in investment under the investment of Japan’s largest utility company, Tokyo Electric Holdings (TEPCO) and innogy Innovation Hub Financing.n
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nAccording to the official release, TEPCO for this start-up company invested 3 million euros. innogy Innovation Hub is committed to building a decentralized energy market based on block chains, TEPCO is its first investor.n
nTEPCO Global Innovation Investment Executive Officer and Chief Executive Officer Shin-ichich Kengaku said:n
nn”Block chain technology will redefine what is possible in energy ecosystems and we look forward to working with Conjoule and innogy Innovation Hub to gain practical experience in driving the transformation of the energy industry.”n
nnConjoule intends to use the funds raised to expand its technical team and to launch a pilot platform and initial product in a specific market in Europe in 2017 and to begin developing and testing the next generation of products on the Conjoule product roadmap.n
ninnogy SE’s senior vice president of innovation and business transformation, led by innogy Innovation Hub Thomas Birr (Thomas Birr) said:n
nn”Conjoule has a clear vision to create a future energy system: it is centrally, digitally and customer-friendly. It follows the idea of” sharing the economy “that consumers can buy directly from their neighbors through Conjoule’s platform Energy .Conjoule is another example of the innogy Innovation Hub portfolio, and we have found and invested in new companies with rapid growth potential in the future. “n
nnConjoule was founded in 2017 by the innogy Innovation Hub, which is developing a p2p market for producers and consumers of renewable energy, as well as battery owners and other flexible energy sources, without intermediaries. At present, this platform and distribution products are being piloted in two cities in Germany, allowing home users who install solar PV at home to sell excess electricity to local consumers.n

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