Tepco Ventures will take the place of the power producer's New Business Task Force and will focus on incubating new companies.
Japan-based energy utility Tokyo Electric Power has formed an incubator subsidiary called Tepco Ventures to develop companies that will combine energy and industrial technology.
Tokyo Electric owns nuclear, fossil fuel and hydro power production assets, and its venture capital portfolio includes wind turbine installer United Wind, peer-to-peer energy trading platform Conjoule and virtual power plant developer Moixa.
Tepco Ventures will operate as an internal incubator while also setting up companies as joint ventures in partnership with other parties, both local…
