PowerX Co., Ltd. PowerX Co., Ltd. Announces Capital and Business Alliance with Sompo Japan Insurance Inc.

PowerX Co., Ltd.
PowerX Co., Ltd. announces capital and business alliance with Sompo Japan Insurance Inc.
Efforts to realize a sustainable society by promoting the spread of storage batteries

PowerX, Inc. (Headquarters: Minato-ku, Tokyo; Director, Representative Executive Officer, President and CEO: Masahiro Ito; hereinafter referred to as the Company) is developing new businesses in the spread of natural energy and the evolution of power storage and power transmission technology. , Sompo Japan Insurance Inc. (head office: Shinjuku-ku, Tokyo, President: Giichi Shirakawa, hereinafter “Sompo Japan”), and infrastructure to promote the use of renewable energy through storage batteries and spread electric vehicles (hereinafter “EV”). We are pleased to announce that we have started a capital and business alliance from December 2022 to realize a sustainable society through construction.
■ Background of this partnership
Renewable energy is planned to become the main power source for the realization of carbon neutrality, but expectations are rising for the use of storage batteries as a means of solving the problem of natural energy, which is difficult to control the amount of power generation. . In addition, the decarbonization of mobility is also important for the realization of a carbon-neutral society, and while it is necessary to shift new car sales to EVs, there is a demand for the development and expansion of charging infrastructure, which is indispensable for the spread of EVs. *.
We have our own design and manufacturing technology and control technology related to storage batteries, and are indispensable for the development and sales of grid and household stationary storage batteries, marine storage batteries, and high-performance EV quick chargers that utilize storage batteries, and the spread of EVs. We aim to contribute to the realization of carbon neutrality in Japan by planning the development of a charging station business (hereinafter referred to as “PowerX Charge Station”), and an electric carrier business that enables marine power transmission to remote areas. Sompo Japan offers products and services that contribute to the realization of carbon neutrality, such as the ONE SOMPO WIND service, which provides a set of risk assessments and insurance that
comprehensively covers risks for offshore wind power generation operators, and new insurance premium discounts for small commercial EVs. is expanding.
Recently, in order to support the spread of renewable energy and EVs and contribute to the realization of a sustainable society, we have decided to form a capital and business alliance with Sompo Japan to promote collaboration.
*Currently, 29,233 EV chargers and 7,893 quick chargers (by 2020) have been installed in Japan. ,000 units installed), further expansion of the number is necessary. In addition, there are only 15 quick chargers of 100 kW or more that can be charged in a short time in public charging in Japan. We are planning to expand PowerX charge stations to 7,000 locations nationwide by 2030, with 10 locations in the center.

Outline of business alliance
PowerX and Sompo Japan are mainly considering the following
collaborations in order to contribute to the realization of a sustainable society.
(1) Collaboration to realize a society with uninterrupted electricity even in the event of a disaster
・Utilization of PowerX charging stations as disaster bases
・Electricity interchange between residential and stationary storage batteries inside and outside the disaster area
・Support for power supply to disaster areas by ships equipped with marine storage batteries and electric carriers
(2) Collaboration to realize a sustainable mobility society through the spread of EVs
・Dissemination and promotion of safe and comfortable EV charging using PowerX charging stations and ultra-rapid EV chargers, and support for EV users utilizing Sompo Group companies (provide comfortable charging experience and solve problems in popularizing EVs such as running out of electricity)
(3) Collaboration to develop and provide insurance services that support the spread of storage batteries
・ Guarantee insurance according to risk characteristics such as product type and application of storage battery
・Cyber ​​insurance for network-connected storage battery management systems ・Marine insurance against risks during transportation of electricity and storage batteries by sea or on land
About the future
Through this capital and business alliance, the two companies will work together to contribute to the realization of a sustainable society with uninterrupted electricity and the promotion of renewable energy through the realization and expansion of new businesses related to storage batteries and electric carriers. I will come.
About Sompo Japan Insurance Inc.
Sompo Japan is the core company of the Sompo Group. The Sompo Group operates domestic property and casualty insurance business, overseas insurance business, domestic life insurance business, nursing care and senior business, and digital business. Sompo Japan has adopted the brand slogan “Innovation” to realize Sompo’s purpose of “realizing a society where everyone can enjoy a healthy and fulfilling life in their own way through a theme park of security, health and wellness.” We will contribute to the realization of a sustainable society through initiatives that embody “For Wellbeing”.
Company name: Sompo Japan Insurance Inc.
Founded: October 1888
Representative: Giichi Shirakawa, President
Head office location: 1-26-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo Business Activities : Non-life insurance business
URL: https://www.sompo-japan.co.jp/

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