Energy giants invest in UK power

UK-Japan News March 2019

Japanese power providers Jera Co., Inc. and Tokyo Electric Power Company (TEPCO) have invested £25 million in London-based energy storage firm Zenobe Energy Limited. Energy Storage News reports that Zenobe Co-founder Nicholas Beatty said: “[The two Japanese firms] bring unique commercial and technical capabilities to Zenobe, as well as unrivalled access to a global supply chain. This investment reinforces Zenobe’s reputation as an innovator in the energy market. Together, we’ll help energy intensive businesses use power intelligently to reduce costs, improve resilience and minimise environmental impact”.