Chubu Electric Power Co.,Inc. | Establishment of CD Energy Direct Co., Ltd. - Press Releases(2018)

Press Release 2018

Establishment of CD Energy Direct Co., Ltd.

April 2, 2018

CD Energy Direct Co., Ltd.
Chubu Electric Power Co.,Inc.
Osaka Gas Co., Ltd.

Chubu Electric Power Co., Inc. (Headquarters: Higashi-ku, Nagoya City; President & Director: Satoru Katsuno; hereinafter “Chubu Electric Power”) and Osaka Gas Co., Ltd. (Head Office: Chuo-ku, Osaka City; Representative Director and President: Takehiro Honjo; hereinafter “Osaka Gas”) today established a new company, CD Energy Direct Co., Ltd., (Headquarters: Chuo-ku, Tokyo; President & Director: Shinji Ozu; hereinafter “CD Energy Direct”) by co-funding to sell electric power, gas, daily customer life, and business-related services in the greater Tokyo area. Preparations will be made in a phased manner to start providing services at an early timing.

CD Energy Direct will combine managerial resources and business know-how Chubu Electric Power and Osaka Gas have fostered through electricity and gas businesses and fully harness those resources and know-how in the greater Tokyo area. At the same time, the new company will maximize value provided to household and corporate clients, thereby contributing to society. Further, harnessing IoT-based services, CD Energy Direct hopes to build a new business model and offer new services that transcend the boundaries of an energy operator by creating new value instrumental in customers’ daily life and in businesses.

[Overview of New Company]

Company name

CD Energy Direct Co., Ltd.

Date of establishment

April 2, 2018

Capital

1.75 billion JPY [Chubu Electric Power: 50%; Osaka Gas: 50%]

 President & Director

President & Director: Shinji Ozu
Vice President & Director: Kaname Santo

Details of business

Sales of electric power, gas, daily customer life, and business-related services in the greater Tokyo area

Location of headquarters

4-5-1 Muromachi-Nihonbashi, Chuo-ku, Tokyo
(12th floor, Sakura Muromachi Building)