🎇ITOCHU Signs Capital and Business Tie-up with UK Company That Uses AI Technology to Provide Services for Optimal Control of Energy Storage Systems
— For building a distributed energy society —
January 29, 2018
ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter “ITOCHU”) announced today that it has signed a capital and business tie-up with Moixa Energy Holdings Ltd. (hereafter, “Moixa”), a UK company that operates a platform business which applies machine learning and other AI technologies to energy storage systems for general households. Through the capital and business tie-up, ITOCHU has acquired exclusive marketing rights in Japan for the Gridshare Client (hereafter, the “Service”), a service for general consumers that is included among platform technology software from Moixa (product name: GridShare). GridShare is software that uses AI technologies to perform optimal control of energy for customers in various layers, including general consumers, power producers, and power transmission and distribution utilities.