(Head Office: Nagoya City, Aichi Prefecture; Representative: Toyohisa Yamada), together with the Real Tech Global No. 2 Fund managed by UntroD Capital Asia Pte, ("Blue Whale Energy"), a developer of a pioneering virtual power plant (VPP*1) platform in Singapore.

MHI will support Blue Whale Enegy's activities and together we will work to improve the resilience of the energy system.

1 VPP (virtual power plant) is a system that functions like a large-scale power plant by integrating and controlling distributed energy resources such as solar power, storage batteries, and EVs using IoT.

The release of UntroD Capital Asia Pte. Ltd.this way (direction close to the speaker or towards the speaker)

 

What is Blue Whale Energy?

Blue Whale Energy, founded in July 2024 by serial entrepreneur Gabriel Lim, is a startup developing Singapore's first full stack VPP platform. By combining proprietary sodium-ion batteries and energy management software, Blue Whale Energy is creating a flexible power network that integrates distributed solar power generation and energy storage. It contributes to real-time adjustment of supply and demand and to the resilience of the power grid, creating new revenue opportunities for commercial and industrial customers.

After only one year in business, we have developed 2kWh rooftop battery packs and completed pilot installations at commercial and industrial customer sites. We have also achieved integration into EMA's Demand Response*3 and Interruptible Load programs*4 and entered the wholesale and ancillary power markets.

Through these efforts, the company has expanded its presence, particularly in the Singapore market, and is now actively aiming to expand into the Philippines, Japan, and other Asian countries in order to meet the growing demand for renewable energy and the need for distributed power sources.

3 About the Demand Response Program

Programs in which eligible consumers are compensated for maintaining a standby status that reduces electricity demand when necessary to improve the reliability of the electric power system

4 About the Interruptible Load Program

A program in which eligible electricity consumers voluntarily reduce their electricity use when wholesale electricity prices rise and in return receive a portion of the profits from the savings resulting from lower wholesale electricity prices.

 

＜For inquiries regarding this matter, please contact
Innovation Promotion Department, Yamada Shokai Holding Corporation (Attn: Satoshi Asano)
Phone: 052-871-9811 Email: yamada-hd@ymax.co.jp