ENECHANGE receives ESG debt financing from Shoko Chukin Bank

Further expansion of EV charging business through carbon neutral initiatives

ENECHANGE Ltd. (Head Office: Chuo-ku, Tokyo; Representative Director & CEO: Yohei Kiguchi, PhD) is pleased to announce that it has established a debt financing relationship with The Shoko Chukin Bank, Ltd. as of 30 August 2023. This debt financing is part of Shoko Chukin Bank’s wider ESG initiatives and will be used to support ENECHANGE’s EV charging business.

Background.

Against the backdrop of the Government’s target to increase the proportion of electric vehicles in new passenger car sales to 100% by 2035,ENECHANGE has set a goal of install 30,000 EV charging ports in Japan by 2027.with the goal of installing 30,000 EV charging ports in Japan by 2027. Our EV charging business is growing rapidly, with orders for 6kW EV charging ports topping 3,000 in less than a year and four months after the start of the business in November 2021, and with 6,482* cumulative orders as of June 2023.

With the global expectation for financial institutions to provide ESG-related finance that enables sustainable growth and incorporates environmental factors, the Shoko Chukin Bank has emphasized ESG promotion as a policy. The Shoko Chukin Bank has developed a debt programme to support sustainable management, and the company is contributing to carbon neutrality by promoting the electrification of mobility through the building of EV charging infrastructure. The Shoko Chukin Bank, which has a wealth of experience and a proven track record in sustainable finance, has recognised that each of ENECHANGE’s businesses accelerate the decarbonisation of Japan and the promotion of the SDGs, and contributes to the realization of a sustainable society and the enhancement of the value of our corporate clients. As a decarbonised tech company that uses digital technology to drive a decarbonised society, we will continue to work on promoting the GX to become carbon neutral.

*From ENECHANGE’s Q2 FY2023 results briefing material.

ENECHANGE EV Charge

ENECHANGE EV Charge is an all-in-one service that allows installation of charging facilities for electric vehicles at commercial facilities, lodging facilities, and other destination locations, as well as condominiums, with minimal installation and operation costs starting at 0 yen per month. It currently has the highest number of installed EV charging ports in Japan. In addition to working with local governments to promote the development of local charging infrastructure, we also provide support for the realization of net zero cities by keeping relevant stakeholders updated with the latest information. ENECHANGE EV Charge also offers a full range of services for EV users. In addition to searching for charging spots, anyone can use the charging ports at any time, with an appealing pay-as-you-go system without monthly fees. ENECHANGE EV Charge charging ports are now also compatible with e-Mobility Power-linked charging cards issued by various automotive OEMs, further increasing convenience.

URL: https://ev-charge.ENECHANGE.jp/
X: https://twitter.com/ENECHANGE_ev

ENECHANGE Ltd.

ENECHANGE is an energy technology company that promotes a net zero society through digital technology with the mission of Changing Energy For A Better World. We offer services based on data utilization in the field of the 4Ds of Energy: Deregulation, Digitalization, Decarbonization, and Decentralization. Our company’s roots come from an energy data lab at the University of Cambridge, U.K., a country where liberalization is mature. ENECHANGE has a British subsidiary, ENECHANGE Innovation Limited, as well as a global network and analytical technology for energy data.

URL: https://enechange.co.jp/en/

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ENECHANGE Ltd.
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