#Japan #Tokyo #Mitsubishi Electric #Looop #HD Renewable Energy

Looop's New Venture in Renewable Energy Aggregation

Looop, a company based in Taito, Tokyo, is taking significant steps toward realizing a sustainable energy future with its recent participation in a joint venture aimed at promoting renewable energy through innovative aggregation strategies. This venture, named HeLM Aggregation, is set to launch in May 2025 and is a collaboration between Looop, Mitsubishi Electric, and HD Renewable Energy Co., Ltd. (HDRE).

Vision and Objectives

Looop is committed to fostering a society where energy can be utilized freely, which they refer to as an “Energy Free Society.” The company’s primary objective is to stimulate the demand for renewable energy and facilitate its widespread acceptance. By becoming part of the HeLM Aggregation venture, Looop aims to contribute to the aggregation of decentralized energy resources such as solar power plants and grid-connected batteries, enhancing the efficient utilization of electricity while simultaneously helping to reduce CO2 emissions.

Contributions of Each Partner

The joint venture includes an impressive lineup of partners. Mitsubishi Electric, headquartered in Chiyoda, Tokyo, brings years of expertise in battery control systems and energy market utilization, while Taiwan-based HDRE specializes in the development and operation of systems for solar power generation and battery storage. Together, these companies will work on various aggregation services utilizing multiple decentralized energy resources.

Looop, with its robust track record in Japan’s solar power and energy storage sectors, will accelerate these efforts, enhancing the accessibility and reliability of renewable energy for consumers across the nation.

The Need for Energy Management

The fluctuating availability of renewable energy sources like solar and wind can often challenge energy providers. To tackle this, an effective energy management system is essential. Looop’s experience with Power Purchase Agreements (PPAs) and energy storage systems has equipped it with the necessary know-how to balance supply and demand effectively. By leveraging Mitsubishi Electric’s system proficiency and HDRE’s initiatives in solar development, Looop is well-positioned to advance the adoption of renewable energy solutions further.

Future Prospects

Looking ahead, the joint venture plans to explore additional services that can meet the needs of households and businesses alike. This includes aggregating solar power generation, battery storage, and electric vehicles to provide consumers with modern, efficient energy solutions. These innovations are set to redefine the way energy is utilized in daily life, creating opportunities for smarter and more sustainable practices.

About Looop

Founded in April 2011, Looop has a rich history of responding to energy needs, particularly in the aftermath of the Great East Japan Earthquake. The company was established with the goal of promoting renewable energy solutions, striving to illuminate communities with solar power, and to innovate the energy experience by merging technology with sustainable practices.

As of April 2025, Looop reports a capital of 5.601 billion yen and a revenue of 45.591 billion yen for the fiscal year ending March 2024. Through Looop Denki, its flagship retail electricity service, the company offers smart pricing models to share the benefits of solar energy with its users.

Operating from their headquarters at Ueno Frontier Tower in Taito, Looop is dedicated to becoming a leader in energy management technology, contributing to the broader dissemination and incorporation of renewable energy throughout Japan and beyond. With its commitment to building a greener future, Looop continues to evolve in the dynamic field of energy.

For further details, visit Looop.