Integrated New Business Development for an Integrated Energy Business by the New Functions Development Division
First written in FY2022-Q1. 11 of 13 entries say "Advanced", first in FY2022-Q2. Latest entry: 2026-03-25.
1 other company's latest entry also says "Advanced".
- 2026-03-25AdvancedChanges in Officers
「To develop the AI algorithms and build the systems essential to operating grid-scale battery storage facilities, and to position aggregator operations, involving transactions in the wholesale electricity, balancing and capacity markets based on AI-powered market forecasts, as one of our core businesses」
AI development for battery storage and its application to market trading progressed to a stage involving its positioning as a core business and organizational restructuring. - FY2025AdvancedAnnual report
「The development of AI algorithms and other functions for use in the grid-scale battery business, which was handled by the New Functions Development Division through the previous consolidated fiscal year, is now being pursued by this business.」
Following the dissolution of the New Functions Development Division, AI algorithm development for batteries was transferred to and continues within the electricity trading-related business, with applications to supply-demand adjustment, market forecasting and bid optimisation made more concrete. - FY2025-H1AdvancedAnnual report
「The development of AI algorithms and other functions for use in the grid-scale battery business, which was handled by the New Functions Development Division through the previous consolidated fiscal year, is now being pursued by this business. These functions are necessary to stabilise the electricity supply-demand balance and improve the efficiency of electricity supply after grid-scale battery storage facilities begin operation, and AI will be used for supply-demand adjustment, electricity-related market forecasting, and optimisation of bid prices and bid volumes.」
The AI development for batteries previously pursued by the New Functions Development Division was transferred to the electricity trading-related business, with its applications made more concrete to include optimisation of bid prices and bid volumes in addition to supply-demand adjustment and market forecasting. - FY2024ReframedAnnual report
「As the battery business progressed, the company reorganised its structure effective 1 January 2024, and developed and dissolved the New Functions Development Division. The functions previously handled by the division will generally be pursued by the newly established Battery Business Planning and Promotion Committee. Contracted work related to the development of battery storage facilities will be handled by the renewable energy-related business, while development of AI algorithms and other functions for use in the grid-scale battery business will be pursued by the electricity trading-related business.」
The functions of the New Functions Development Division were redistributed to the Battery Business Planning and Promotion Committee and existing businesses, establishing a structure in which AI algorithm development and battery storage facility development are incorporated into the relevant business divisions. - FY2024-Q2AdvancedAnnual report
「The company is also developing AI algorithms for use in the grid-scale battery business. These algorithms are necessary to stabilise the electricity supply-demand balance and improve the efficiency of electricity supply after grid-scale batteries begin operation, and AI will be used for functions including supply-demand adjustment and market forecasting.」
The New Functions Development Division expanded its use of AI beyond existing demand and generation forecasting to the development of algorithms for supply-demand adjustment and market forecasting in anticipation of the start of operations of grid-scale batteries. - FY2024-Q1AdvancedAnnual report
「The company has already been working to enhance supply-demand and risk management, including electricity demand forecasting and solar power output forecasting using AI and other technologies, and these functions are in live operation in the outsourcing services provided by the electricity trading-related business.」
The New Functions Development Division’s use of AI is in live operation in the outsourcing services of the electricity trading-related business, supporting demand forecasting, solar power output forecasting and enhanced risk management. - FY2023-Q3AdvancedAnnual report
「The company is also working to apply AI to meet new customer needs, including solar power output forecasting required for its renewable energy aggregation business, renewable energy generation output forecasting and demand forecasting for entire areas such as Kyushu, and forecasting surplus electricity sales from residential solar power generation. In addition, the company is actively expanding into energy storage using grid-scale batteries, including batteries co-located with power plants, to support electricity supply-demand balancing and enhance the value of renewable energy.」
The New Functions Development Division expanded its use of AI from individual customer demand forecasting to area-wide renewable energy output and demand forecasting and forecasting surplus electricity sales from residential customers. It is also actively expanding into the grid-scale battery business. - FY2023-Q2AdvancedAnnual report
「For electricity demand forecasting and solar power generation output forecasting for existing customers to whom the company provides business outsourcing services, the company confirmed that AI improved forecasting accuracy and is gradually working to automate the systems.」
The New Functions Development Division expanded its use of AI from electricity demand forecasting to solar power output forecasting, and is progressing with confirmation of improved forecast accuracy and the development of automated systems. - FY2023-Q1AdvancedAnnual report
「The company completed development of a system for the “Free Plan” sold through its electricity retail business, in cooperation with “LiveSmart for Business” of LiveSmart, Inc., which operates a service platform business for living spaces using AI and IoT. The system is currently in test operation.」
The New Functions Development Division’s initiative progressed to the completion of development and test operation of the system for the “Free Plan” in cooperation with LiveSmart. - FY2022AdvancedAnnual report
「The company is developing a system for its “Free Plan,” sold through its electricity retail business, in cooperation with “LiveSmart for Business” of LiveSmart, Inc., which operates a service platform business for living spaces using AI and IoT.」
The New Functions Development Division’s initiatives took concrete form in the development of a system for the retail “Free Plan” in cooperation with LiveSmart. - FY2022-Q3AdvancedAnnual report
「During the nine months ended 31 December, the company worked to enhance supply-demand and risk management, including electricity demand forecasting and solar power output forecasting using AI and other technologies.」
The New Functions Development Division expanded the use of AI from electricity demand forecasting to solar power output forecasting and is working to enhance supply-demand and risk management. - FY2022-Q2AdvancedAnnual report
「During the first six months of the current consolidated fiscal year, the company began upgrading its electricity supply-demand management, including electricity demand forecasting, and risk management through the use of AI and other technologies.」
The New Functions Development Division, established in April 2021, began initiatives to enhance supply-demand and risk management using AI, and to consolidate and match the generation and supply sides with the sales and demand sides. - FY2022-Q1First statedAnnual report
「The company established a new New Functions Development Division in April 2021. The purpose of the division is to build new business models, taking the lead in coordinating with each business division across the various areas of the comprehensive energy business promoted by the company.」
In April 2021, the company established a division to consolidate the generation and supply sides with the sales and demand sides and build new business models, including matching the two sides and coordinating its existing businesses.