iGRID Solutions Co., Ltd.

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iGRID Solutions Co., Ltd. - overview

Established

2004

Location

Tokyo, -, Japan

Primary Industry

Power & Utilities

About

Based in Tokyo, Japan, established in 2004, iGRID Solutions Co. , Ltd. provides solutions to corporate and home customers by expanding its business from energy management to renewable energy power generation, networking of distributed power sources, energy services, etc. , and consolidating them into a single value chain.


It has 4 main businesses: energy management, VPP-related business, household power supply, and business corporation power supply. Energy is an AI-equipped energy management system that advises on energy-saving behavior. By promoting energy-saving behavior based on the behavioral economics "Nudge theory", it enables reasonable on-site management. Energy AiR automatically controls air conditioning equipment based on Energy's AI power usage forecast.


It also contributes to reducing power consumption throughout the year. The client can achieve both a comfortable space and energy cost reduction. VPP Japan, a group company of iGrid Solutions, has built a self-consumption solar power plant (off-the-grid power plant) on the roofs of distribution and service stores nationwide, and is "cheap, stable, 100% clean. " The company aims to build a sustainable distributed energy platform that is resistant to disasters by combining EV charging and power storage solutions in the future.


By supplying power at a lower cost than grid power, power cost reduction is realized. It is possible to "reduce power costs and CO2" in normal times and "use power as a BCP measure" in the event of a disaster. R-EV station "SOLA" is powered by solar power generated at the facility. It makes it possible to provide a clean EV charging service to customers who come to the store.


Sumaden is a service that iGrid sells electricity to households. Not only will the electricity charges be cheaper, but the client will receive points and unique membership benefits. Sumaden CO2 Zero aggregates surplus electricity (non-FIT renewable energy) and supplies it to ordinary households. By combining non-FIT renewable energy with a non-fossil certificate, iGrid Solutions can virtually supply electricity with a 100% renewable energy ratio and zero CO2 emissions.


Based in Tokyo, Japan, and established in 2004, the company was formerly known as Cost Reduction Research Institute Co. , Ltd. In 2008, changed the company name to Environmental Management Strategy Research Institute Co. , Ltd.


In 2015, finally changed the company name to iGrid Solutions. In 2016, started selling "Sumaden", an electricity that can be bought at supermarkets. In 2017, established VPP Japan, Inc. In 2018, started sales of the energy management system "Energy".


In 2019, started sales of the automatic air conditioning control system "Energy AiR". In 2021, started sales of "Sumaden CO2 Zero".


Current Investors

iGRID Solutions Co., Ltd., Mizuho Capital, DG Ventures

Primary Industry

Power & Utilities

Sub Industries

Electric Utilities, Power Generation Equipment & Services, Solar Power, Analytics & Performance Software

Website

www.igrid.co.jp

Verticals

Artificial Intelligence, Cloud Computing, IoT (Internet of Things)

Company Stage

Add-on

Total Amount Raised

Subscriber access only

iGRID Solutions Co., Ltd. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletediGRID Solutions Co., Ltd., VPP JAPAN Co., Ltd.-

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