About Tohoku Electric Power Co., Inc.
In addition to intensifying competition through the liberalization of electricity retailing and the division of transmission and distribution, the business environment surrounding the Company is at a major turning point, with the expansion of the introduction of renewable energy and changes in the power supply and demand structure due to digitalization. In addition, in the six prefectures of Tohoku and Niigata Prefectures where we have a business base, the population decline and the declining birthrate and aging population are accelerating compared to other regions, and social issues such as transportation, education, welfare, etc. are expected to become apparent in the future, and the social structure is about to change significantly. We believe that this is our second founding period, and we will combine the strengths of "power professionals" and "bonds with local governments" that we have built up over 70 years with the "advanced digital technology" and "innovative business models" that startups have, leading to a transformation of our business model.
Corporate Profile of Tohoku Electric Power Co., Inc.
|Company Name||Tohoku Electric Power Co., Inc.|
|Business Overview||We are developing "combined energy services" mainly in the electricity business. By continuing to take on challenges and change according to customers and regions, we will create value that the Tohoku Electric Power Group can do, and realize an enriching society and self-growth.|
|Type of Industry||Electric Power and Gas|
Fund investment results
Investment in venture capital fund THVP-2 Investment Limited Partnership
Jul. 2020 Collaboration results
Investment in Next Energy & Resources Co., Ltd. for business initiatives utilizing distributed energy for the realization of a smart society
Feb. 2020 Fund investment results
Investment in the Venture Capital Fund "Global Brain No. 7 Fund"