TEPCO creates new subsidiary TEPCO Ventures

Japan, Tokyo: Tokyo Electric Power Company TEPCO announced it has established a new subsidiary, TEPCO Ventures, Inc. as a wholly owned subsidiary charged with turning new businesses into venture companies.

TEPCO Ventures, which began operating on July 2, will develop both wholly owned subsidiaries within the TEPCO Group and joint-venture companies formed with partners in various industries either in Japan or overseas, the company stated in the press release.

New companies are expected to be developed in a variety of fields for next-generation “Utility 3.0” business fusing energy and other industrial platforms, such as distributed energy, solutions based on storage batteries, infrastructure utilizing drones, IoT technologies, and power infrastructure.

Source: TEPCO