TOP PAGE
ENGLISH
JAPANESE
|
CONNECT WITH US:
Home
About
Services
Contact
Log in
*
Home
Press release
May 28, 2019 19:00 JST
Source:
TRENDE
TRENDE, Toyota and UTokyo Experiment with Next-generation Electricity System
TOKYO, May 28, 2019 - (JCN Newswire) - TRENDE Inc., a Tokyo Electric Power Company group company, Toyota Motor Corporation and the University of Tokyo will conduct a joint experiment with a next-generation peer-to-peer (P2P) electricity system that enables homes, businesses, and electric vehicles (EVs) connected to the electricity grid to trade electricity using a blockchain. The test will run from June 2019 at Toyota's Higashi Fuji Technical Center and the surrounding area.
Japan's electric supply system is in the process of transforming from a centralized large-scale one-way system reliant on fossil fuels into an autonomous distributed two-way system incorporating renewable energy in which individuals and companies own the power supply. The objective of the joint experiment is to assess the feasibility and scalability of a two-way electricity supply system that allows direct trading among prosumers and consumers and will incorporate solar panels, batteries, and EVs.
The parties also aim to verify the economic advantage of having electricity consumers and prosumers trade electricity through market transactions. The experiment will also simulate electricity consignment fees based on distance, and verify an algorithm for predicting the electricity demands of EVs, which have varying electrical consumption levels based on cruising range.
Jeffrey Char, Co-Founder and Chairman of TRENDE, said, "We are excited to be working with Toyota and The University of Tokyo on this important experiment. We hope that the results will be beneficial, not only in terms of delivering low-cost, low carbon energy to consumers in Japan, but for others also working on solutions for the climate crisis."
TRENDE Inc. (
http://trende.jp/
) is an online renewable energy retailer selling electricity to residential customers in Japan via its Hot Denki (
https://hotdenki.jp
) and Ashita Denki (
https://ashita-denki.jp/
) service websites. TRENDE's goal is to accelerate the widespread adoption of solar power and redefine the energy ecosystem in Japan with a customer-centric business model and innovative P2P platform. The company's investors include Tokyo Electric Power, Showa Shell and Dubai Electricity and Water Authority.
Source: TRENDE
Sectors: Energy, Alternatives, Alternative Energy, PE, VC & Alternatives, Digitalization, Automation [IoT]
Copyright ©2026 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Related Press Release
TRENDE Announces Strategic Capital and Business Alliance with Tokyu Land
June 13 2025 12:00 JST
TRENDE Secures JPY 1.07 Billion Investment to Expand Renewable Energy Initiatives and Strategic Partnerships
March 19 2025 16:00 JST
TRENDE Launches Commercial P2P Energy Trading Service in Partnership with JA Group and ITOCHU
September 10 2024 16:00 JST
TRENDE Awarded Grant for P2P Energy Trading Project in Japan
August 27 2024 13:00 JST
TRENDE Acquiring Renewable Energy Business from ONE Energy
August 26 2024 09:00 JST
TRENDE selected to join 11 leading edge companies focused on solving the world's greatest challenges at Unreasonable Impact Asia Pacific 2020
December 01 2020 15:00 JST
Cleantech Group Names TRENDE Inc. a 2020 APAC 25 Company
September 16 2020 19:00 JST
TRENDE Secures Series B Funding, While Establishing Strategic Partnership with ITOCHU
June 18 2020 10:00 JST
The University of Tokyo, Toyota and TRENDE to Begin Testing Next-generation Electricity System
May 23 2019 13:03 JST
TRENDE Announces Formation of Advisory Board
October 01 2018 14:00 JST
More Press release >>
Latest Press Release
NEC completes construction of approximately 2,250 km EMCS submarine cable linking Pacific island nations
May 15, 2026 17:36 JST
Fujitsu and Science Tokyo launch joint research hub for quantum hardware advancement and talent development
May 15, 2026 17:12 JST
Fujitsu and IBM Japan formalize collaboration in healthcare sector
May 15, 2026 16:42 JST
Toyota Launches All-New Land Cruiser "FJ" Series in Japan
May 15, 2026 15:24 JST
Mitsubishi Motors Signs Memorandum of Understanding with FPT Japan Holdings to Study Collaboration in Software and Digital Domain
May 15, 2026 15:10 JST
NEC Launches Orbital Transfer Vehicle Development Project Aiming for Asia's First Vehicle Deployment through JAXA's Space Strategy Fund Program
May 15, 2026 14:55 JST
JCB and Discover(R) Network Mark 20 Years of Collaboration
May 14, 2026 23:00 JST
Asset Value Investors (AVI) urges the dismissal of two directors at Wacom
May 14, 2026 17:00 JST
Euro Manganese Announces Positive Preliminary Economic Assessment
May 14, 2026 13:29 JST
Event Report: TBS Group's Akanetsu Holds Commissioning Ceremony for Hydrogen Heat Source Facility
May 13, 2026 19:00 JST
SPARX Group Establishes "Mirai Creation Fund IV" Toyota Motor Corporation, Sumitomo Mitsui Banking Corporation, MUFG Bank, Ltd. and Mizuho Bank, Ltd. to Provide Capital Targeting Total Commitments of JPY100 billion
May 12, 2026 19:29 JST
JCB and Credit Card Association of the Philippines (CCAP) Launch Partnership to Boost Financial Literacy Among Filipinos
May 12, 2026 14:00 JST
Aleen Inc. Announces Its OTC Market Listing
May 12, 2026 10:30 JST
Fujitsu Digitalizes Management of Japan's Reserve Self-Defense Force for Ministry of Defense, Enhancing Efficiency
May 07, 2026 14:02 JST
ULVAC Establishes Japan-Based Production for Rare-Earth Magnet Vacuum Melting Furnaces
May 01, 2026 11:00 JST
teamLab Borderless Ranked Among the World's 100 Most Visited Art Museums and 4th in Japan
Apr 30, 2026 21:00 JST
TANAKA to Showcase Advanced Semiconductor Materials and Circular Economy Initiatives at SEMICON Southeast Asia 2026
Apr 28, 2026 21:00 JST
NEC Launches "Africa Corporate Innovation Program" Accelerating Business Through Co-Creation with African Startups
Apr 28, 2026 19:05 JST
Advancing Early Detection: OMRON Healthcare Supports May Measurement Month 2026
Apr 28, 2026 01:00 JST
NEC Announces Strategic Collaboration with Anthropic Focused on Enterprise AI
Apr 23, 2026 17:46 JST
More Latest Release >>