Marubeni is one of the largest trading firms in Japan, with annual revenues of $52 billion (Y4.9T), and has deep experience in the electricity sector, having developed more than 96 gigawatts (GW) of power generation. The company owns more than 10 gigawatts (GW) of power generation assets at net capacity, and is one of the largest independent power producers (IPP) in Japan.
The firms expect their new JV, EnerNOC Japan, KK, to complete its incorporation process by January 2014. This partnership and the TEPCO award are exciting developments for EnerNOC's longer term demand response opportunity in Japan.
The newly-awarded project with TEPCO, sponsored by the Japanese government's New Energy Promotion Council (NEPC), which Marubeni secured and will work with EnerNOC to deploy, will be among the first deployments in Japan of aggregator-based quick-response DR for the commercial and industrial sector. Under this initial project, EnerNOC and Marubeni will build a diversified DR portfolio able to provide both peaking capacity and load balancing services to TEPCO. The project is also designed to establish the foundation for the long-term inclusion of DR in Japan's electricity system. In addition, the TEPCO project will include a number of technical milestones, including the commercial release of the Japanese version of DemandSMART, and EnerNOC's first international project featuring OpenADR dispatch.