FPS and KR Energy Sign Power Purchase Agreement for Renewable Energy Supply
Collaboration for Renewable Energy Supply
FPS, a prominent energy company based in Tokyo, has officially entered into a power purchase agreement with KR Energy, a subsidiary of Kaihan Co. This agreement signifies a significant step forward in the realm of renewable energy, as it focuses on utilizing solar power generated outside the Feed-in Tariff system.
The arrangement is classified as a Virtual Power Purchase Agreement (VPPA). This innovative approach allows FPS to manage the supply and market distribution of electricity generated from solar power operated by KR Energy. Unlike traditional power purchase agreements, the VPSA does not directly involve physical electricity delivery; instead, it assures effective balancing and risk management of the generated energy’s market sales.
FPS has successfully operated as an aggregator in the past, consolidating various consumers and generation facilities to provide real-time supply adjustments. Leveraging this expertise, FPS aims to enhance operational support in utilizing renewable energy within the market.
This partnership opens new channels for KR Energy, promoting its sales capabilities while also expanding options for consumers interested in renewable energy sources. Furthermore, this collaboration marks the first venture between FPS and the Kaihan Group, positioning it as a pivotal step towards ongoing collaboration in the future.
About FPS Inc.
- - CEO: Yohei Naruho
- - Established: November 19, 2021
- - Location: 2-2-1 Yaesu, Chuo, Tokyo
- - Business: Engaged in power sales, brokerage, generation, and supply, along with services involving steam, hot water, and other thermal energy deliveries
As FPS moves forward, it commits to developing unique energy trading schemes that connect power generators with consumers. By tailoring flexible contract models to meet diverse energy strategies, FPS will continue striving to facilitate the seamless adoption of renewable energy across various enterprises.
Additionally, FPS plans to offer consistent power sales opportunities and effective supply adjustments for power plants that KR Energy will develop in the future. The goal is to ensure stable conditions for the distribution of renewable energy, allowing more businesses to integrate sustainable energy solutions efficiently.
About KR Energy 1 LLC
- - CEO: Naoki Morita
- - Location: 3rd Floor, Toranomon 1-chome MG Building, 1-16-16 Toranomon, Minato, Tokyo
- - Business: Focused on the development, acquisition, and ownership of renewable energy generation facilities.
- - Major Shareholder: Kaihan Co.
If you have any inquiries regarding this press release, please contact FPS at:
- - Phone: 03-5544-8671
- - Fax: 03-4363-6440
- - Email: inquiry4@fps-inc.jp
Topics Energy）
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