Press release

PowerX Establishes Ocean Power Grid, Inc. as Subsidiary


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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.

Date Established:

February 9, 2024


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


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


100% Owned Subsidiary of PowerX, Inc.



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