Green Charge Networks today announced a strategic partnership with one of Japan's largest trading houses, ITOCHU Corporation. ITOCHU will distribute, supply and procure Green Charge Networks' intelligent energy storage solutions internationally. The agreement enables Green Charge to expand its footprint into new markets both in Japan and other international regions. ITOCHU has more than 130 offices in 65 countries worldwide with over $53 billion U.S. dollars in revenue in 2013.
"We are proud to work with Green Charge," said Tsutomu Miyazaki, General Manager of Inorganic Chemicals Department at ITOCHU. "Its intelligent energy storage solutions provide proven savings, convenience, and category leadership. Green Charge's brand is synonymous with top performance and its technology saves customers money by time-shifting power use."
"The next wave of innovation will come from power efficiency solutions, with distributed energy storage as the nucleus," said Vic Shao, CEO and founder at Green Charge Networks. "We are excited to partner with ITOCHU and extend our global market opportunities."
Green Charge specializes in intelligent energy storage for commercial and industrial businesses. In the United States reducing demand charges is the leading cause for adoption. In Europe and the Far East, grid resiliency, back-up power and energy arbitrage are driving adoption. Green Charge empowers businesses to better control their energy use and reduce their monthly electric costs. Since its inception in 2009, international retailers like 7-Eleven and Walgreens have adopted, as well as schools, colleges, cities, and global logistics provider - UPS. The core technology is a smart controller with sophisticated cloud-based software that monitors facility loads on a second-by-second basis. The result is a more efficient utilization of infrastructure assets already in place, such as transformers and feeder cables, by smoothing out the peaks and valleys of load profiles.