Assola
Renewable energy project development and optimization services.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
* | JPY630m | Series A | |
| Total Funding | 000k | ||
Assola, operating as Earth Solar Inc., develops renewable energy projects, primarily solar power, and provides clean electricity to corporate clients through mechanisms like off-site Corporate Power Purchase Agreements (PPAs). Founded in 2022, the company's mission is to maximize the use of renewable energy and contribute to a sustainable, carbon-neutral future. The founder, driven by a childhood surrounded by nature, established the company to be an "engine" for renewable energy expansion, focusing on creating projects that are economically self-sufficient and coexist with local communities.
The company's services are structured around three core areas: developing new renewable energy sources, supporting the installation of renewable energy for businesses, and optimizing its utilization. A key focus is on agrivoltaics, where solar panels are installed over farmland, allowing for simultaneous agricultural production and power generation, which aims to revitalize the agricultural sector. To address the inherent variability of sources like solar and wind, Assola works on optimizing energy use through advanced storage technologies. The business model involves developing power plants, often on flat lands of 10,000m2 or more, and then supplying the electricity to corporate customers dedicated to decarbonization. They also offer consultation and project execution support for companies looking to adopt renewable energy solutions or enter the market.
Significant milestones include entering into a corporate PPA with Tohoku Electric Power to supply renewable electricity to NTT Docomo in 2024 and raising ¥630 million in a Series A funding round in April 2025.
Keywords: renewable energy development, corporate PPA, solar power projects, agrivoltaics, energy storage optimization, decarbonization solutions, clean electricity supply, energy project consulting, sustainable energy, carbon neutral, off-site PPA, power plant development, agricultural revitalization, energy project execution, wind power, geothermal, electricity optimization, environmental harmony, self-sufficient energy