After launching two major new projects in Japan, LO3 Energy co-founder Bill Collins explains why the country and the whole region could be one of the leaders of the Energy transition. The announcement of our latest projects with Marubeni and Kyocera in Japan is a landmark moment for LO3 Energy as a business. Japan is one of the most progressive nations on the planet in terms of its focus on energy change. It is home to some intelligent, forward thinking companies and its regulators understand the need to evolve the market to accommodate the growth of renewable energy. They are very focused at liberalizing their marketplace, moving from the traditional vertical operational approach to a more distributed model – and it is going to result in a major shift of emphasis in the industry.
No doubt, these are exciting times for energy in the region. Establishing where the current major players in the existing system will sit within new industry models is important for their future – and that’s exactly why both Marubeni and Kyocera are working with us. The technology we have developed is very much aligned with the Japanese government’s efforts around addressing the carbon intensity of their economy. New innovations and business models that help with that decarbonization effort are welcomed with open arms, and the many companies we’ve spoken to there have been very keenly interested in what we’re doing. A lot of people know of us because of the Brooklyn Microgrid in New York, because that has been a truly groundbreaking project and it was where we launched the concept of transactive energy and blockchain. We have come a long way as a company since we began that project, having identified many different use cases for our unique technology around the world – from […]