Chubu Electric Power Co.,Inc. | On Joining the “Grid Data Bank Laboratory LLP ” as a Partner - Press Releases(2018)
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Press Release 2018

On Joining the “Grid Data Bank Laboratory LLP ” as a Partner

November 7, 2018

Chubu Electric Power Co.,Inc.

Chubu Electric Power will be joining the “Grid Data Bank Laboratory LLP” (hereinafter, “this laboratory”) as a partner, which was established in November 15 by TEPCO Power Grid, Incorporated (Headquarters: Chiyoda-ku, Tokyo; Representative Director & President: Sadanori Kaneko) and NTT Data Corporation (Headquarters: Koto-ku, Tokyo; Representative Director & President: Yo Honma).

In the “Chubu Electric Power Group Management Vision” released in March of this year, Chubu Electric Power has identified “provision of a new community” as a potential field for new growth. To this end, we have been promoting various initiatives actively utilizing AI and IoT technology and external resources to develop services.

This laboratory aims to create additional value by analyzing electricity data and data from other industries together, determine ways to utilize the analysis as well as verify its usefulness.

(Note) Example: Optimizing store opening plans by using smart meter data compiled in a way to prevent the identification of individuals, and map data to produce statistical information that is more real-time than what could be produced from the national census data.

Collaborating with members from a wide range of industries, Chubu Power Electric will accelerate initiatives to solve societal issues using data and create new opportunities to increase business value.