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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Tokyo Gas Co.,Ltd.    9531   JP3573000001

TOKYO GAS CO.,LTD.

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Tokyo Gas Invests in Heila Technologies[PDF : 202KB]

11/19/2020 | 11:33pm EST

Nov. 20, 2020

Tokyo Gas Invests in Heila Technologies

Tokyo Gas CO., Ltd.

Acario Investment One LLC ("Acario Investment One", President: Yamashita Shunjiro), a wholly owned subsidiary of Tokyo Gas Co., Ltd ("Tokyo Gas", President: Uchida Takashi) invested in Heila Technologies Inc. ("Heila"), a U.S. start-up company that develops and sells integrated DER (Distributed Energy Resources) control systems for energy microgrids. This is the fourth investment by Tokyo Gas in an overseas start-up.

Heila has developed an autonomous, decentralized control system ("Heila EDGE") that integrates and manages a wide variety of DERs (photovoltaic power, storage battery, fuel cells, gas generators, etc.) that may be installed at a customer site and already deployed the system for several customers in the United States.

With Heila EDGE installed, its plug-and-play functionality makes it easy to add or remove individual or multiple DERs without having to re-optimize the entire system, which is an advantage in terms of scalability. In addition, because there is no central control system, there is no single point of failure. So, when a problem occurs, the impact on the entire system is minimized and the risk of a power failure or service interruption is greatly reduced.

Through the investment in Heila, Tokyo Gas Group will acquire expertise in supply and demand adjustment and operations through the integrated control of DERs, and will develop new energy businesses such as microgrids that utilize DERs in Japan and abroad. We will continue to work with customers, local communities, business partners including companies in different industries and start-up companies, and local governments to create and provide a variety of value-added energy services, including improved comfort and reduced environmental impact, with the aim of building a "value co-creation ecosystem," as stated in the Tokyo Gas Group's management vision, Compass 2030.

Company

Heila Technologies Inc.

CEO

Francisco Morocz

Established

December 2017

Address

Massachusetts State in the United States.

Activities

Development and sales of DER control systems for microgrid

Company

Acario Investment One LLC

President

Yamashita Shunjiro

Established

December 2017

Address

California State in the United States

Shareholder

Tokyo Gas Co., Ltd (100%)

Activities

Investment in venture companies and energy-related venture capital funds

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Tokyo Gas Co. Ltd. published this content on 20 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 November 2020 04:32:05 UTC


© Publicnow 2020
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Sales 2021 1 765 B 17 000 M 17 000 M
Net income 2021 61 143 M 589 M 589 M
Net Debt 2021 913 B 8 793 M 8 793 M
P/E ratio 2021 17,3x
Yield 2021 2,50%
Capitalization 1 058 B 10 182 M 10 187 M
EV / Sales 2021 1,12x
EV / Sales 2022 1,11x
Nbr of Employees 16 591
Free-Float 94,5%
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Average target price 2 692,86 JPY
Last Close Price 2 398,50 JPY
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NameTitle
Takashi Uchida President & Representative Director
Michiaki Hirose Chairman
Isao Nakajima Chief Financial Officer, Head-Finance & Personnel
Shin Yamagami Managing Executive Officer & GM-Technology
Fumio Murazeki Director & Managing Executive Officer
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