Press release

PowerX Establishes Ocean Power Grid, Inc. as Subsidiary

2024.04.23

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PowerX, Inc. (Head Office: Minato City, Tokyo, Japan; Director, President & CEO: Masahiro Ito, hereafter PowerX) announced today the establishment of its wholly-owned subsidiary, Ocean Power Grid, Inc. (Head Office: Minato City, CEO: Masahiro Ito, hereafter OPG), effective February 9, 2024.

The new company will take over the Marine & Wind Power Department and the specialized technology held by the parent company. Moving forward, it will focus on further promoting the maritime power transmission business utilizing Battery Tankers.

About Ocean Power Grid, Inc.

Company Name

Ocean Power Grid, Inc.
(株式会社海上パワーグリッド)

Date Established:

February 9, 2024

Representative

Masahiro Ito (CEO)

Main Business

Development and sales of Battery Tanker, Power transmission across oceans and electricity wholesale business utilizing Battery Tankers, Sales of storage batteries for Marine Applications

Location

Midtown Tower 43F, Akasaka 9-7-1, Minato City, Tokyo, Japan

Shareholder

100% Owned Subsidiary of PowerX, Inc.

URL

https://oceanpowergrid.jp/

Contact

support@oceanpowergrid.jp

Press Contact

pr@power-x.jp