The event was a collaboration with the UK Government’s innovation agency Innovate UK. It was aimed at providing a match-making and networking platform for 14 hand-picked, innovative UK projects in the Japanese energy market.
“The importance of international cooperation and open innovation to any business’ success cannot be overstated” said Yohei Kiguchi, CEO of Enechange, co-host and sponsor of the event. “As the Japanese energy market evolves, working with these startups has the potential to produce disruptive innovation.”
The 14 projects, which operate in various fields such as energy storage systems, renewable fuels and blockchain, presented their products and discussed how these could expand to the Japanese energy market. They were also then given the opportunity to showcase their innovations through a networking event and one-on-one meetings with the Japanese companies.
“The quality of the projects brought together by Innovate UK is exceptional and this was reflected in the meetings with our sponsors” said Paul Monroe, Program Manager of Japan Energy Challenge, who helped organise the event.
Among the chosen 14 projects was JEC 2018 winner Powervault, creator of domestic energy storage solutions. Powervault’s chief commercial officer, Nick Wood told Japanese newspaper Denki Shinbun: “Our products can demonstrate their true value through partnerships with power companies”. “Exporting to Japan is also a possibility,” he suggested.
The Japan Energy Challenge will be held in August 2019. Applications are now open to interested parties operating in the energy sector.