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 ©2025 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Related Press Release
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
TRENDE Raises JPY 730 Million in Series A Funding
September 26 2018 11:00 JST
More Press release >>
Latest Press Release
Mitsubishi Motors to Launch an All-New BEV Based on Nissan's Next-Generation LEAF in North America in the Second Half of 2026
May 08, 2025 11:25 JST
Mitsubishi Motors and Foxtron Sign MOU for OEM Supply of EV
May 08, 2025 11:08 JST
Everest Medicines Announces NMPA Full Approval of NEFECON, Broadening Treatment Access for IgA Nephropathy Patients in China
May 07, 2025 19:06 JST
Anime Tokyo Station: Mobile Suit Gundam GQuuuuuuX -Beginning- Special Exhibition
May 03, 2025 03:00 JST
TOYOTA GAZOO Racing Set for Spa spectacle
May 02, 2025 19:29 JST
FWD Group reports exceptionally strong first quarter new business update
May 02, 2025 17:00 JST
Toyota Mobility Foundation, Bangkok Metropolitan Administration, UN-Habitat, Asian Institute of Technology and Toyota Motor Thailand Sign a Letter of Intent (LOI) to Launch the TRUST Project for Road Safety in Thailand
May 01, 2025 17:48 JST
Katalon Officially Launches TrueTest(TM) - The First AI-Native Testing System That Thinks Like a Tester and Learns from Users
Apr 30, 2025 17:20 JST
Eisai Representative Corporate Officer and CEO Haruo Naito Awarded the Order of the Rising Sun, Gold and Silver Star
Apr 30, 2025 14:17 JST
Mitsubishi Shipbuilding Holds Christening and Launch Ceremony of Large Car Ferry KEYAKI in Shimonoseki
Apr 29, 2025 17:24 JST
NEC DGDF Headquarters relocates to Zurich to accelerate growth and enhance management globally
Apr 28, 2025 16:03 JST
NEC achieves Japan's longest terrestrial wireless optical communication over 10 km
Apr 25, 2025 17:50 JST
Olympus Appoints New CEO
Apr 25, 2025 15:30 JST
DENSO Announces Year-End Financial Results
Apr 25, 2025 12:17 JST
DENSO and DELPHY Sign Memorandum of Understanding to Develop Data-Driven Smart Horticulture
Apr 24, 2025 18:43 JST
MyJCB App Wins "iF DESIGN AWARD 2025"
Apr 24, 2025 17:00 JST
Fujitsu launches new company 1FINITY to strengthen network products business
Apr 24, 2025 16:24 JST
MHIEC Completes Renovation of Core Facilities for Arita Municipal Recycle Plaza in Saga Prefecture
Apr 24, 2025 15:01 JST
NEC invests in U.S.-based "Geodesic Alliance Fund" aiming to strengthen economic security business
Apr 24, 2025 10:23 JST
MHI Thermal Systems Wins German Red Dot Design Award 2025
Apr 24, 2025 10:11 JST
More Latest Release >>