Revolutionizing energy transfer
The Power Transfer Vessel carries containerized energy storage systems to store and deliver clean energy from renewable power plants, such as offshore wind farms.
The Power Transfer Vessel can be leveraged as an alternative to undersea cables, supplementing existing grid system and supporting renewable energy adoption.
The advantages
of a Power Transfer Vessel
*1 When compared to undersea cables*2 Ports / offshore wind farms
Company Overview
- Company Name
- PowerX, Inc.
- Established
- March 22, 2021
- Representative
- Masahiro Ito (Director, President & CEO)
- Location
- Midtown Tower 43F, 9-7-1 Akasaka, Minato-ku, Tokyo 107-6243
- Main Business
- R&D and production of Power Transfer Vessels and ESS
- Capital
- 70 million yen *As of Oct. 1st, 2021
Corporate Governance
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- Director, President & CEO
- Masahiro Ito
- Masa launched his first company Yappa at just 17 years old. In 2014, Masa joined ZOZO Group through M&A and served as the CEO of ZOZO Technologies. Later, Masa was appointed as the Board member and COO of ZOZO, which is now well-known for his many innovative inventions, including 3D body measuring devices such as ZOZOSUIT and ZOZOMAT.
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- Chairman of the Board
- Hardy T S Kagimoto, M. D.
- Hardy is the Founder, Chairman and CEO of Healios, a biotech company leading the development of stem cell derived regenerative therapies. Prior to that, he founded and ran as President and CEO of Aqumen Biopharmaceuticals. Graduated from Kyushu University School of Medicine, Hardy holds patents in the US, Europe, Japan and China.
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- Executive Officer CFO
- Toshiyuki Fujita
- Toshi led RareJob as its Director and CFO in 2012 and was appointed as the Executive VP in 2015. Prior to that, Toshi worked for KPMG, where he engaged in M&A and corporate reinvigoration. He also has experience taking an IT start-up public on TSE Mothers as its Director and CFO after working for Deloitte Touche Tohmatsu.
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- External CTO
- Masato Taruishi
- After working as an APAC solution architect, embedded and server engineer at Red Hat, Masato joined Google and led the development and operation of system infrastructure, the navigation function of Google Maps, and mobile search. Later, he oversaw the platform development at Rakuten before joining Retty asa CTO in 2014.
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- External Director
- Paolo Cerruti
- Paolo is Co-Founder and COO of Northvolt, a homegrown European battery company that is building a Gigafactory in Sweden and has to date raised more than 6.5 Bn USD. Previously, Paolo was the VP of Purchasing and Industrial Strategy for Tesla, and was instrumental in the early scale-up of the company and its operations.
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- External Director
- Caesar Sengupta
- Caesar was formerly the VP and GM of Payments at Google, leading the Next Billion Users initiative across the company. He also oversaw Chrome OS, Google Pay and managed all payment systems. After 15 years at Google, Caesar has launched his new fintech startup Arbo Works.
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- External Director
- Mark Tercek
- Mark led the environmental NGO the Nature Conservancy as its CEO for 11 years until 2019. Previously, he was MD and Partner at Goldman Sachs for 24 years. Mark now advises companies, investors, and NGOs on environmental strategies. He was recently appointed as Senior Advisor at Centerview Partners.
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- External Director
- Mitsugu Serizawa
- Mitsugu first joined Mitsui Bank (now Sumitomo Mitsui Banking Corp.) in 1980 and was appointed as COO of SMBC Europe Ltd. in 2005. Later, he led Manufacturers Bank (US) as Chairman and CEO. From 2015, he oversaw SMBC International Business as President and from 2018 to 2020 SMBC Operation Service as Deputy President.
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- External Director
- Tatsuya Sakuma
- Tatsuya was the Public Prosecutor of Tokyo, Naha and Niigata District Public Prosecutors Offices before being appointed to multiple government offices including the Ministry of Justice, Tokyo District Public Prosecutors Office and more. He is now a lawyer and the Outside Director of companies such as AEON Financial Group.