TRENDE, a renewable energy solutions provider in Japan, has secured Y1.07bn ($7.1m) in a funding round through third-party allocation.
The capital will be directed towards the expansion of TRENDE’s solar power generation system and storage battery leasing business, Teraris, along with its peer-to-peer (P2P) energy trading platform.
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The investment round has brought in four strategic partners as new shareholders: Tokyo Century, the National Federation of Agricultural Cooperative Associations (ZEN-NOH), Zennoh Energy and Toshiba Infrastructure Systems & Solutions.
TRENDE CEO Masashi Nishio stated: “We are thrilled to welcome these esteemed companies as strategic investors and partners. Their expertise and resources will significantly enhance our ability to deliver innovative renewable energy solutions at scale. Together, we aim to accelerate Japan’s transition toward a decentralised, low-carbon future.”
Tokyo Century’s partnership with TRENDE will focus on finance and asset management to scale renewable energy leasing services.
The collaboration will enable more residential customers to adopt solar power and battery storage systems without upfront costs.
ZEN-NOH and Zennoh Energy are working with TRENDE as part of the Smart Agri community project through their JA Denki retail electricity brand for a pilot P2P electricity trading initiative in Gunma Prefecture.
Utilising blockchain technology, the project encourages local production and consumption of renewable energy within agricultural communities, with plans to expand the model nationwide to support farmers and rural areas.
TRENDE has also partnered with Toshiba Infrastructure Systems & Solutions for the digital implementation acceleration project in Ehime Prefecture.
The collaboration integrates Toshiba’s vehicle-to-everything (V2X) technology with TRENDE’s P2P electricity trading platform to demonstrate effective local renewable energy utilisation.
Both companies plan to promote this model across various municipalities in Japan.
In January 2025, Toshiba Energy Systems & Solutions secured an order to deliver a steam turbine and generator for Unit 2 of the Patuha geothermal power plant in West Java, Indonesia.
