Aiming to Promote the Spread of Renewable Energy and Achieve a Decarbonized Society
TOKYO—MOL PLUS (Representative: Takuya Sakamoto; Headquarters: Minato-ku, Tokyo) today announced its intent to invest in Digital Grid Corporation (President: Yusuke Toyoda; Headquarters: Chiyoda-ku, Tokyo) which operates a platform for trading electric power derived from renewable energy.
Based on its vision to “Create a world free from energy constraints,” Digital Grid has operated Japan’s first liberalized private electricity market, the Digital Grid Platform (DGP), since February 2020. MOL PLUS decided to invest in Digital Grid due to its confidence that DGP will succeed in advancing renewable energy and contributing to a decarbonized society.
MOL PLUS continually works to generate synergetic effects based on startup companies’ innovative ideas and technologies and the MOL Group’s resources through investment in and collaboration with startups, aiming to create new businesses that PLUS new value to the ocean shipping industry and society.
Outline of investee
|Company name||Digital Grid Corporation|
|Paid-in Capital||¥1,321,782,747 (incl. capital reserve)|
|Businesses||Electric power trading platform/environmental credit trading platform|
|Website||https://www.digitalgrid.com/ *Japanese only available|
<Outline of Digital Grid Platform>
As the Japanese government positions renewable energy as the nation’s main power source, and companies promote initiatives on SDGs and the RE100 Project, needs for adopting renewable energy are growing. However, this process faces many issues, such as the difficulty in adjusting the supply and demand balance of renewable energy. DGP is an “electricity exchange” linking a wide variety of power sources in addition to renewable energy and electricity demand via peer-to-peer (P2P).