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JPY2.5b

Valuation: JPY21.0b

Series C
Total Funding000k
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More about PowerX
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PowerX, established in 2021 and headquartered in Tokyo, operates as a vertically integrated manufacturer and operator of Battery Energy Storage Systems (BESS). The company designs, engineers, and fabricates its battery products in-house in Japan.

Its product line includes the "Mega Power," a large-scale BESS with a 2.7MWh capacity aimed at both front-of-the-meter (FTM) and behind-the-meter (BTM) applications. For industrial clients such as offices and factories, it offers the "PowerX Cube," a medium-scale BESS designed to optimize energy consumption. In addition to stationary storage, the company is active in the electric vehicle sector, developing an ultrafast charging station network.

A distinct aspect of its business model is the development of "Power Transfer Vessels." These are specialized ships designed to transport electricity from offshore wind farms to shore, aiming to create a new maritime power grid for clean energy distribution. The company has secured a Series C funding round and established strategic partnerships with major corporations like Mercedes-Benz and Japan Airlines to advance its initiatives.

Keywords: BESS, energy storage, battery manufacturing, EV charging, power transfer vessel, clean energy, grid solutions, industrial batteries, offshore wind, energy distribution

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