Opower Expands Global Reach to Japan
Announces Business Partnership With TEPCO and New Opower Japan Office
TOKYO, JAPAN -- (Marketwired) -- 10/28/13 -- Opower, the global leader in customer engagement solutions for the utility industry, today announced that it has signed a business partnership with Tokyo Electric Power Company (TEPCO). TEPCO, the largest utility in Japan, supplies power to nearly 20 million residential customers. Opower also announced that it has opened an office in Tokyo.
"TEPCO is a leading global utility that is committed to providing its customers with the insight and information they need to make smarter decisions about their energy use," said Nadeem Sheikh, Opower Managing Director, Asia Pacific and Japan. "We are excited to partner with TEPCO, which will be the first utility to launch our services in Japan."
Opower's big data platform analyzes Smart Meter data at a large scale and offers customers more personalized and timely insights about their energy consumption. In the future, TEPCO customers will be able to access the Opower platform via TEPCO's "Denki Kakeibo" customer web portal. Denki Kakeibo is a free service for TEPCO customers that provides energy usage insights, rate plan recommendations and energy saving advice. http://www.tepco.co.jp/kakeibo/index-j.html
In addition, Opower announced that it has opened an office in Tokyo, where the company is now officially incorporated. The office, which is located in the Akasaka area in central Tokyo, is Opower's fifth office and second in Asia.
"Many economies in the Asia-Pacific region are experiencing new energy challenges, including the need to deploy renewable generation and to accelerate the adoption of efficient technologies," said Dan Yates, Opower CEO and Founder. "There is a large opportunity for Opower to help utilities in Asia not only meet these energy challenges, but to also build closer relationships with their customers. We are honored to partner with TEPCO to help achieve these goals in Japan."
Opower's platform has already had a substantial impact in engaging utility customers around the world. Opower works with 90 utility partners in eight countries including E.ON UK and PG&E in California, to reach more than 22 million customers. The company has cumulatively saved consumers more than $350 million on their energy bills and has helped to abate roughly 4.5 billion pounds of carbon dioxide emissions. In September, Opower announced that its programs have saved more than 3 terawatt hours of energy -- enough to power a city of 500,000 people for an entire year.
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