Tokyo Electric’s renewables utility and ESS maker Itochu to create new business models

Tokyo Electric’s renewables utility and ESS maker Itochu to create new business models

19 Jun 2020, 09:54

Itochu, a major Japanese corporation which has sold over 330MWh of residential battery storage systems in its home market, has invested ¥1 billion (US$9.35 million) in TRENDE, a renewable energy retailer which counts utility company Tokyo Electric Power among its major shareholders, with a view to launching a range of renewable energy and storage-enabled services.