- Press Release
ENECHANGE Growth Story Announced by the University of Cambridge as a Cambridge Spin-out Success Story
ENECHANGE Ltd. (Head Office: Chiyoda-ku, Tokyo; Representative Director & CEO: Yohei Kiguchi, Representative Director & COO: Ippei Arita) announces that the transformation of SMAP ENERGY LIMITED (Head Office: London, England; CEO: Yohei Kiguchi) into a wholly-owned subsidiary that was announced on Friday, March 19, has been officially announced by the University of Cambridge as one of its successful venture business cases.
ENECHANGE, a success story of a University of Cambridge spin-off
Both ENECHANGE and SMAP ENERGY are spin-off venture businesses from the University of Cambridge, created by Yohei Kiguchi through his doctoral research into electricity data analysis at the university. With ENECHANGE’s listing on the Mothers Market of the Tokyo Stock Exchange (December 2020) and SMAP ENERGY now being a wholly-owned subsidiary, the following announcement has been made by Cambridge Enterprise, the intellectual property department of the University of Cambridge.
“We’re delighted to see ideas and companies born at the University of Cambridge go global and make impact on society, especially with technology to support the journey towards rapid decarbonisation. We look forward to the mutual progress of Enechange and SMAP Energy as they shape their Energy 4D Revolution.”
— Chris Gibbs, Investment Manager, Cambridge Enterprise
Purpose of purchasing SMAP ENERGY
To define the company’s business field as energy technology and become a category leader in that field. Starting in spring 2021, a succession of reforms to the energy system in Japan are scheduled, and the market, including for VPPs (virtual power plants) is expected to expand. As this happens, the application of demand response technology and the use of energy data should further expand business opportunities. Making SMAP ENERGY, with its global network, mainly in Europe, and strengths in analysis technologies for energy data, a wholly-owned subsidiary allows ENECHANGE to create business opportunities domestically as well as aim to achieve a carbon-free society by accelerating its global reach, such as promoting business at overseas sites.
- Go here for the details of the announcement from Cambridge Enterprise
- Go here for the announcement regarding turning SMAP Energy into a wholly-owned subsidiary
About ENECHANGE Ltd.
ENECHANGE is an energy technology company that promotes a carbon-free 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 4 Ds of Energy: Deregulation, Digitalization, Decarbonization, and Decentralization. Our company’s roots come from an energy data lab at the University of Cambridge, UK, a country where liberalization is well advanced. ENECHANGE has a British subsidiary, SMAP Energy Limited, as well as a global network and analytical technology for energy data.