March 12, 2018 Toronto Ontario – EnerTech Capital (EnerTech) is pleased to announce today a Strategic Partnership with Tokyo Gas that will see the two organizations collaborate in the field of emerging technologies in the Power and Gas Industry. Together, EnerTech and Tokyo Gas will explore new commercialization strategies for technologies within Tokyo Gas and throughout EnerTech’s global network investment opportunities in the Energy Technology Sector.
“We are very excited to have Tokyo Gas as a Strategic Partner of the firm. The deregulation of the Power and Gas Industry in Japan presents significant opportunities for companies like Tokyo Gas to enhance their focus on innovation and bring emerging technologies from North America to their gas and electric customers.” said Wally Hunter, Managing Director, EnerTech Capital. “We also believe our strategic collaboration will lead to many opportunities for Tokyo Gas to partner with our existing Portfolio Companies and foster new innovation within Tokyo Gas for the benefit of its customers.”
“We are pleased to partner with EnerTech, as this leading Energy Technology Investment Firm in North America offers us significant access to emerging technologies in the power business,” said Dr. Shin Yamagami - President of Acario Innovation and CTO of Tokyo Gas Co. “EnerTech’s extensive history and domain expertise in the power space will help us identify many great technology opportunities that further optimize our operations, and provide significant benefits for our customers. We look forward to working with them and building a very strong partnership and further developing our innovation strategy”
The collaboration ties in closely with EnerTech’s history in the Power Industry. Originally founded in 1996, the firm has successfully invested in 71 companies in the Energy Technology Sector since that time. Investing from its fourth fund of just under $120 million, EnerTech continues to strategically make investments broadly across the Energy Technology Sector with a strong focus on utility and “behind the meter” grid-edge technologies.
Tokyo Gas is joined by several other EnerTech Strategic Partners & LPs that include; Newalta, Hatch, Waste Management, ENGIE, SoCal Gas, INO, IREQ (Hydro Québec), SMUD (Sacramento Municipal Utility District) and Con Edison.
About EnerTech Capital
EnerTech Capital invests in companies that offer products or services that dramatically improve the profitability of producing or consuming energy. Founded in 1996, the firm has managed approximately $500 million and has delivered over 36 exits. EnerTech Capital is currently investing out of its fourth fund and has offices in Philadelphia, Toronto, Montreal, Calgary, San Francisco and Delray Beach.
CONTACT: Wally Hunter, Managing Director: 416-363-8563, whunter@enertechcapital.com
About Tokyo Gas
Tokyo Gas is a leading energy company and the largest gas supplier in Japan. Through its US subsidiary - Acario Innovation, it is engaging in open innovation, technology partnerships, and investment ventures with technology firms around energy, sustainability, and beyond. Tokyo Gas has a strong portfolio of industrial, commercial, & residential energy clients in Japan, as well as upstream and midstream assets in the Gas and Power Sector globally.
Acario Innovation seeks to build strong network of partners from early to growth stage companies, labs, and corporates that have keen interests in growing their business in Asia.
CONTACT: Ted H. Huang, Chief Digital Investment Officer: ted.huang@tokyo-gas.co.jp
US +1 (650-250-9602)
Japan +81 7010749745
SG +65 91264395
