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A Collaboration for VPP and Digital Electricity Services

The joint venture company will examine businesses that combine NGK’s control technologies for its proprietary large-capacity NAS batteries.

NGKNGK INSULATORS and Ricoh Company have concluded a memorandum of understanding on the establishment of a joint venture company for the purpose of research and development aimed at the commercialization of a Virtual Power Plant (VPP) business and digital electricity services.

NGK and Ricoh have been working since May 2022 on a trial project that will utilize blockchain technology to track all processes at Ena Electric Power Co., from renewable energy generation to consumption, including charging and discharging of surplus electricity generated in NAS® batteries, used for storing electricity.

The joint venture company will examine businesses that combine NGK’s control technologies for its proprietary large-capacity NAS batteries and its ZNB zinc rechargeable batteries, which offer high safety performance, with Ricoh’s renewable energy distribution record platform, which uses its proprietary digital and IoT technologies.

Furthermore, Ricoh’s group company, Ricoh Japan Corporation is engaged in electricity retail services and solar power generation operations and maintenance (O&M) services, and smart energy business, including lighting and air conditioning control systems. By integrating this expertise the joint venture company aims to achieve commercialization of the digital electricity services at an early stage.

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Nitisha Dubey

I am a Journalist with a post graduate degree in Journalism & Mass Communication. I love reading non-fiction books, exploring different destinations and varieties of cuisines. Biographies and historical movies are few favourites.

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