Nozomi Energy Secures Renewable Power Deal with JERA

• Nozomi Energy partners with JERA to boost Japan's clean power supply, advancing the nation's renewable energy transition.

Nozomi Energy, a renewable energy platform backed by global investment firm Actis, has entered into an agreement with a subsidiary of JERA Co Inc, a major Japanese utility. The deal involves the wholesale supply and hourly matching of clean electricity in Japan, marking a significant step in the country's transition to renewable energy sources.

This partnership underscores Nozomi Energy's commitment to expanding its presence in Japan's renewable energy sector. By collaborating with JERA, Nozomi aims to enhance the availability of clean power, supporting Japan's efforts to reduce carbon emissions and increase the share of renewables in its energy mix.

How will Nozomi Energy and JERA's partnership impact Japan's renewable energy transition?

• Accelerates the integration of renewable energy into Japan's national grid, supporting the country's carbon neutrality goals.
• Enhances the reliability and stability of renewable energy supply through JERA's established infrastructure and expertise.
• Encourages further investment in renewable energy projects by demonstrating successful collaboration between local and international entities.
• Promotes technological innovation in energy storage and grid management to accommodate increased renewable energy capacity.
• Strengthens Japan's energy security by diversifying energy sources and reducing dependence on fossil fuels.
• Sets a precedent for future partnerships between global investors and Japanese utilities, fostering a more competitive renewable energy market.
• Contributes to local economic growth by creating jobs in the renewable energy sector and related industries.
• Supports Japan's international commitments to climate change mitigation by increasing the share of clean energy in its overall energy consumption.