Green Charge Networks and ITOCHU Corporation Announce Strategic Partnership For Intelligent Energy Storage Solutions Worldwide

 Japanese Conglomerate to Distribute, Supply and Procure Green Charge Networks Solutions

SANTA CLARA, Calif. (March 24, 2015)Green Charge Networks today announced a strategic partnership with one of Japan’s largest trading houses, ITOCHU Corporation. ITOCHU will distribute, supply and procure Green Charge Networks’ intelligent energy storage solutions internationally. The agreement enables Green Charge to expand its footprint into new markets both in Japan and other international regions. ITOCHU has more than 130 offices in 65 countries worldwide with over $53 billion U.S. dollars in revenue in 2013.

“We are proud to work with Green Charge,” said Tsutomu Miyazaki, General Manager of Inorganic Chemicals Department at ITOCHU. “Its intelligent energy storage solutions provide proven savings, convenience, and category leadership. Green Charge’s brand is synonymous with top performance and its technology saves customers money by time-shifting power use.”

“The next wave of innovation will come from power efficiency solutions, with distributed energy storage as the nucleus,” said Vic Shao, CEO and founder at Green Charge Networks. “We are excited to partner with ITOCHU and extend our global market opportunities.”

Green Charge specializes in intelligent energy storage for commercial and industrial businesses. In the United States reducing demand charges is the leading cause for adoption.  In Europe and the Far East, grid resiliency, back-up power and energy arbitrage are driving adoption. Green Charge empowers businesses to better control their energy use and reduce their monthly electric costs. Since its inception in 2009, international retailers like 7-Eleven and Walgreens have adopted, as well as schools, colleges, cities, and global logistics provider – UPS.  The core technology is a smart controller with sophisticated cloud-based software that monitors facility loads on a second-by-second basis. The result is a more efficient utilization of infrastructure assets already in place, such as transformers and feeder cables, by smoothing out the peaks and valleys of load profiles.

About Green Charge Networks (Green Charge)

Founded in 2009, Green Charge Networks is a leader in intelligent customer-sited energy storage. The company gives commercial and industrial businesses, municipalities, and schools control of rising demand rates on their monthly electric bills. Green Charge’s award-winning products and services complement solar PV, electric vehicle charging, and energy efficiency. The GreenStationTM was developed in partnership with leading utilities and Fortune 500 customers from coast to coast. Green Charge is headquartered in Santa Clara, CA with offices in New York City. For more information, visit www.GreenCharge.Net.

About ITOCHU Corporation

The history of ITOCHU Corporation dates back to 1858 when the Company’s founder Chubei Itoh commenced linen trading operations. Since then, ITOCHU has evolved and grown over 150 years.

With approximately 130 bases in 65 countries, ITOCHU, one of the leading sogo shosha, is engaging in domestic trading, import/export, and overseas trading of various products such as textile, machinery, metals, minerals, energy, chemicals, food, information and communications technology, realty, general products, insurance, logistics services, construction, and finance, as well as business investment in Japan and overseas.

 

Contacts:

Anne Smith

Green Charge Networks, LLC

408-313-8089

asmith@GreenCharge.Net

 

Daisuke Soda

ITOCHU Corporation

+81-33497-6324

soda-d@itochu.co.jp

 

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