Emerald welcomes Japan electricity producer JERA to join Emerald’s energy fund

Zürich, Switzerland: Emerald has welcomed JERA Co., Inc. (JERA), the largest power generation company in Japan, to join Emerald’s energy fund as a limited partner. The collaboration aims to help JERA achieve its Zero CO2 Emissions 2050 aims amid a fast-changing environment for decarbonization.

JERA was founded in 2015 as a 50-50 joint venture between TEPCO Fuel & Power, a wholly owned subsidiary of Tokyo Electric Power Company Holdings, and Chubu Electric Power. Its mission is to provide cutting edge energy solutions on a global scale. JERA seeks to establish new energy supply models for Japan, while also offering energy supply models established in Japan for other countries that face similar energy issues, creating real impact in the energy space around the world.

JERA’s Zero CO2 Emissions 2050 sees it achieving zero CO2 emissions by 2050, with a 60% cut relative to FY2013 emissions by 2035. Its strategy is based on three approaches:

  • Complementarity between Renewable Energy and Zero CO2 Emission Thermal Power Generation
  • Establishment of Roadmaps Suitable for Each Country and Region
  • Smart Transition

The first approach is an offshoot of Japan’s overarching decarbonization strategy, in which a liquid, non-emitting fuel like ammonia or hydrogen is combusted to provide a stable source of electricity. This requires extensive build-out of clean fuels supply chains, including factories for producing green or blue hydrogen and transport systems to move the fuel around.

JERA is charting a path toward this low-carbon future via JERA Ventures, its corporate venture capital arm with a $300 million budget, launched in 2023. JERA Ventures’ mandate includes investing in technologies that enhance and speed the transformation of the energy system, with an eye toward combating climate change. Its investment in Emerald aims to leverage Emerald’s extensive expertise in new energy technology, including its tie-ups with startups that work at the cutting-edge of sectors like wind, batteries and more.


Some of Emerald’s other partnerships in Japan:

Steel Company Yamato Kogyo joins Emerald as Limited Partner

Mitsubishi Heavy Industries joins Emerald as a Limited Partner

Mitsui Fudosan Joins Emerald’s Industrial Transformation Fund

Mitsubishi Chemical Group Joins Emerald’s as Limited Partner

Sekisui Chemical Group Joins Emerald as Limited Partner

About Emerald Technology Ventures

Emerald is a globally recognized venture capital firm, founded in 2000, that manages and advises assets of over €1 billion from its offices in Zurich, Toronto and Singapore. The firm invests in start-ups that tackle big challenges in climate change and sustainability, with four current funds, hundreds of venture transactions and five third-party investment mandates, including loan guarantees to over 100 start-ups.

This is Emerald.

Bold Ideas. Bright Future.  www.emerald.vc

CONTACT FOR EMERALD:

[email protected]

About JERA

Established in 2015, JERA is an equal joint venture of two major Japanese electric power companies, TEPCO Fuel & Power Incorporated and Chubu Electric Power Company and produces about 30% of all electricity in Japan. JERA is an energy company with global reach that has strength in the entire energy supply chain, from participation in LNG upstream projects and fuel procurement, through fuel transportation to power generation. JERA, which stands for Japan’s Energy for a New Era, will take on the challenge of achieving zero CO2 emissions from its domestic and overseas businesses by 2050 and is supporting an energy transition in an environmentally and socially responsible manner.

Contact JERA

[email protected]