Chubu Electric Power Co.,Inc. | On the Growth of “Grid Data Bank Laboratory LLP” - Press Releases(2019)

Press Release 2019

On the Growth of “Grid Data Bank Laboratory LLP”

March 5, 2019

Grid Data Bank Laboratory LLP
TEPCO Power Grid, Incorporated
NTT Data Corporation
Kansai Electric Power Co., Inc.
Chubu Electric Power Co.,Inc.

The Grid Data Bank Laboratory LLP (Headquarters: Chiyoda-ku, Tokyo; Representative Executive Officer: Mino Haruki, hereinafter “Grid Data Bank Lab”) was established by TEPCO Power Grid, Incorporated (Headquarters; Chiyoda-ku, Tokyo; Representative Director & President: Sadanori Kaneko; hereinafter, “TEPCO PG”) and NTT Data Corporation (Headquarters: Koto-ku, Tokyo; Representative Director & President; Yo Honma; hereinafter “NTT Data”) to solve society’s issues and create new value using data. (announced on November 7, 2018

The Grid Data Bank Lab has grown since its establishment—new members have joined and a new office that also serves as a lab (hereinafter, lab) has been established as a co-creating space.

1.Joining of new members

Kansai Electric Power Co., Inc. (Headquarters: Kita-ku, Osaka-shi, Osaka; President & Director; Shigeki Iwane; hereinafter, “Kansai Electric Power”) and Chubu Electric Power Co., Inc (Headquarters: Higashi-ku, Nagoya-shi, Aichi ; President & Director: Satoru Katsuno; hereinafter, “Chubu Electric Power”) will be investing 150 million yen each into Grid Data Bank Lab and participating in activities as new members.

【Overview of the LLP】

(1)Name of partnership

Grid Data Bank Laboratory LLP

(2)Stated capital

600 million yen

(3)Capital contribution ratio

TEPCO PG 25%, NTT Data 25%, Kansai Electric Power 25%, Chubu Electric Power 25%

(4)Date of establishment

November 15, 2018

(5)Location

13-1, Ichibancho, Chiyoda-ku, Tokyo

(6)Activities

Study of the use of energy consumption data
Demonstration of energy consumption data use cases and verification of its utility

【Role of each company】

  • TEPCO PG, Kansai Electric Power, and Chubu Electric Power: supplying statistically processed energy consumption data
  • NTT data: building and providing a demonstration environment, providing data analysis technology

2.On the establishment of the lab

Grid Data Bank Lab has created an environment that spurs innovation as its lab in Chiyoda-ku Tokyo to prompt initiatives to better use electrical data. This lab has increased security to provide an open environment for co-creation and encourage design thinking and ideathons. The energy consumption data used in the lab has been statistically processed by the transmission and distribution operators to an extent where identification of individuals is not possible and will only be handled in locked rooms only accessible by specific members.

Through this lab, Grid Data Bank Lab will seek out a wide variety of participants (data owners, end users, startup ventures and service providers) and support projects from start to finish, from generating ideas, planning demonstrations to promoting projects.

【Services provided in the lab】

Showroom(Discovery)
By demoing energy consumption data use and hosting various presentations and seminars, the lab will provide opportunities for people to create new value using energy consumption data and data from other industries.

Market Place(Exchange)
The lab will serve as a place to meet and exchange information and ideas, matching up companies and providing opportunities for them to interact.

Incubation Support(Co-creation)
By hosting ideathons and hackathons, the lab will encourage the incubation of new services and solutions through collaboration between energy consumption data and data from other industries.

Business Design(Demonstration)
The lab will support the process of demonstration from prototyping to the planning and promotion of the demonstration. It will also support the reformation of the participating companies’ business processes and the implementation of new ideas.

(On supporting and participating companies and organizations)

Since its establishment, various companies and organizations have expressed their support for the activities of Grid Data Bank Lab and have joined as members. Approximately 30 companies and organizations are supporting and participating in Grid Data Bank Lab as of this press release.

Companies and organizations (alphabetical)

(Note) Companies and organizations that have joined us since the press release issued on November 7.
Adachi city

The Bank of Yokohama, Ltd.
Chugoku Electric Power Co., Inc. (Note)
D. A. Consortium Inc.
Dentsu Inc. (Note)
Eminence LLC (Note)
Hakuhodo DY Holdings Inc.
Halex Corporation
Hitachi, Ltd.(Note)
Hokuriku Electric Power Company (Note)
Hokkaido Electric Power Co., Inc. (Note)
Japan Weather Association (Note)
Kyushu Electric Power Co., Inc.(Note)
LANDLOG Ltd.
Mitsui Sumitomo Insurance Co., Ltd.
Mitsubishi UFJ Trust and Banking Corporation
Orix Corporation
Osaki Electric Co., Ltd. (Note)
Shikoku Electric Power Co., Inc. (Note)
Sompo Japan Nipponkoa Insurance Inc.
Sompo Holdings Inc.
TEPCO Town Planning Co., Ltd. (Note)
Tohoku Electric Power Co., Inc. (Note)
Tokio Marine & Nichido Fire Insurance Co., Ltd.
Tokio Marine Holdings, Inc.
Zenrin Co., Ltd. etc.


(Future initiatives)

Grid Data Bank Lab will continue to tackle society’s issues such as global warming, natural disasters, and shortage in labor, and create new business value through data utilization, transcending industry borders.