Kiwi Power was last night announced joint winner of the prestigious annual Japan Energy Challenge, held in London from 5-8 August. Kiwi Power was chosen from a cohort of 20 of Europe’s most innovative energy tech companies who were shortlisted after a rigorous selection process.
The Japan Energy Challenge is a program designed to select promising technologies and match them with companies in the Japanese energy sector who are looking to innovate. It brings together leading energy tech companies with some of Japan’s largest energy, utility and technology companies who want to enhance their product offerings and take the lead in the energy transition.
As winner of the 2019 Venture Competition Kiwi Power will take part in a fully sponsored and managed trip to Japan to further discussions about implementing its cutting-edge distributed energy platform to key decision makers within these companies.
Kiwi Power’s platform is active in over 10 countries globally, optimising and monetising over 1GW of distributed energy assets - including over 50MW of battery energy storage.
The Japanese energy market represents a huge growth opportunity for Kiwi Power. With over 900TWh of annual electricity consumption, Japan is the fourth largest consuming nation in the world with a newly liberalised and highly competitive market worth over $150B.
Nima Tabatabai, International Market Development Leader at Kiwi Power commented: “Japan’s energy market is undergoing massive change and there is huge scope for our technology to help Japanese energy companies stand out by offering valuable new products to their customers. Winning the Japan Energy Challenge is valuable recognition of our platform’s unique capabilities and will help us to accelerate its deployment in the Japanese energy market."
Paul Monroe, Program Coordinator at Japan Energy Challenge said: "With Japan's capacity market expected to open in the coming years, demand response services were a big interest in this year's program. As one of the most experienced players in the UK demand response market, Kiwi Power captured the interest of many of our sponsors. We look forward to helping Kiwi Power continue its journey into entering the Japanese energy market in the coming months."
Connected Energy and EVBox were also joint winners with Kiwi Power. The three companies are all backed by ENGIE, as part of its ecosystem of DERMS (Distributed Energy Resource System) partners. Kiwi Power is a centrepiece of this ecosystem thanks to the connection capabilities it provides with distributed energy assets.