Enechange

What Enechange does

ENECHANGE Ltd. (TSE Growth: 4169) is a Tokyo-headquartered energy technology company founded in April 2015, originating from power data research at the Cambridge Energy Data Lab in the UK. The company operates a dual-sided platform serving Japanese households, corporations, and energy companies, structured around two reportable business segments: a Platform Business (energy switching and comparison services) and a Data Business (cloud-based SaaS for utilities, EV services, and decarbonization). Its core products include ENECHANGE Home and ENECHANGE Biz (consumer and corporate electricity and gas comparison and switching), the ENECHANGE CLOUD suite (DR software, EV charging mobile app, EV charging port information API, electricity and gas simulation, tariff information service, profitability analysis), and the eValue-Platform for environmental asset management and 30-minute interval renewable matching.

The underlying technology stack is an energy data analytics platform leveraging big data, AI/ML, and smart meter data, with proprietary power consumption prediction models developed from Cambridge research and refined through years of platform operation. EV charging infrastructure and related consumer services (EVsmart, EV PLUS, EV STAY&CHARGE) are operated primarily through the Miraiz ENECHANGE and Mirai Energy Change joint ventures with Chubu Electric Power Miraiz. Headcount stood at 183 employees as of March 31, 2025, with offices in Toranomon (Tokyo) and a Shinjuku satellite.

The business model spans multiple revenue streams. Consumer energy switching (ENECHANGE Home) is free to users and monetized via transaction commissions from partner electricity and gas retailers; corporate switching (ENECHANGE Biz) follows the same commission mechanics at higher contract values. ENECHANGE CLOUD SaaS products generate recurring subscription revenue from energy companies and EV operators, while the EV charging JV generates usage-based revenue from charging sessions and app access. Additional revenue is sourced from the Japan Energy Fund (investment returns), environmental value and power trades (transaction fees), and advisory services such as those provided to Daiwa Energy and Infrastructure on overseas renewable energy projects. Distribution combines owned digital platforms, a sales-partner channel for both household and corporate switching, and joint-venture operations for EV infrastructure.

Name

Enechange

Legal name

ENECHANGE株式会社

Website

https://enechange.co.jp

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

51–100 employees

Short description

ENECHANGE is a Tokyo-based energy technology company operating electricity and gas switching platforms for households and corporations, SaaS tools (demand response, EV charging, decarbonization) for energy companies, and EV charging and media services through joint ventures with Chubu Electric Power Miraiz.

Ownership category

akta.pro rank

Product category

Energy Technology SaaS

NAICS

Electric Power Generation, Transmission and Distribution (2211), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)

SIC

Electric Services (4911), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Auto-Switching & Price Comparison Platforms (EUAGAEAD)

akta.pro secondary industries

Trading Platforms, ETRM/CTRM & Market Connectivity (APIs, Messaging, Integrations) (EUAMAMAN), EV Charger Smart Load Integration with HVAC/Electrical Systems (HSAOANAK), Risk Reporting & Performance Management (BI, KPIs, Attribution) (EUAGAJAL), Industry-Specific ERP for Utilities & Energy (HDAEAEAN)

Keywords

• Energy switching platform
• Energy SaaS
• Demand response software
• EV charging services
• Decarbonization platform

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Energy Switching Platform (B2C): Free consumer-facing platform for comparing and switching electricity and gas providers; revenue generated through commissions from partner energy retailers for referred customers. Provides one-stop solution from plan comparison to application completion.
2. ENECHANGE Biz Corporate Energy Switching: Corporate energy switching platform providing quotes from partner energy companies and free agency services; revenue through commissions on completed corporate energy supplier switches.
3. ENECHANGE CLOUD SaaS (DR, EV Charging, Tariff Simulation): Subscription-based SaaS products sold to energy companies and EV businesses including demand response software, EV charging apps and APIs, electricity and gas simulation, and tariff information services.
4. ENECHANGE CLOUD RE Decarbonization Services (eValue-Platform): SaaS for environmental asset management, green power certificate issuance, solar generation forecasting, demand forecasting, and 24/7 CFE matching; revenue from software subscriptions.
5. EV Charging Business (Miraiz ENECHANGE Joint Venture): EV charging service operations via Miraiz ENECHANGE Ltd. joint venture with Chubu Electric Power Miraiz; revenue from EV charging services, app-based access, and partnerships with charging station operators.
6. Japan Energy Fund Investment Returns: Returns from investment fund operations in overseas decarbonized energy projects (renewable energy in emerging nations, energy ventures in Europe and US).
7. Power and Environmental Value Trades: Connecting generation operators and retail electricity operators for flexible power and environmental value trades to address fluctuation risk of energy costs and optimize decarbonization.

Pricing tiers

Go-to-market motion5 records

Distribution channels6 records

Marketing channels8 records

Core offering

ENECHANGE operates a two-segment energy technology platform: a Platform Business providing electricity and gas comparison and switching services for households (ENECHANGE Home) and corporations (ENECHANGE Biz), and a Data Business delivering SaaS products (ENECHANGE CLOUD DR, EV Charging, Tariff Simulation, Profitability Analysis, and eValue-Platform) plus APIs to energy utilities, retail electricity suppliers, and EV-related businesses. It also operates EV charging services through the Miraiz ENECHANGE joint venture with Chubu Electric Power Miraiz.

Product overview

ENECHANGE is an energy tech company offering a platform-based portfolio of products across two main business segments: Platform Business (energy switching services for households and corporations) and Data Business (cloud-based SaaS services for energy utilities, EV services, and decarbonization). The core products include ENECHANGE Home (electricity/gas comparison for households), ENECHANGE Biz (corporate energy switching platform), and ENECHANGE Utility (cloud-based DX services including demand response, EV charging, and digital marketing). The product portfolio spans consumer-facing comparison platforms, B2B SaaS tools for energy companies (ENECHANGE CLOUD DR, EV charging APIs, tariff services, profitability analysis, decarbonization services), EV charging services operated through the Miraiz ENECHANGE joint venture, and investment services through Japan Energy Fund. Key SaaS offerings include eValue-Platform for environmental value management, ENECHANGE CLOUD RE for decarbonization services, and various APIs for EV charging port information and tariff data.

Differentiator

Problem solved

Functional benefit

Brands

• ENECHANGE CLOUD DR: Customized web and mobile applications and analysis functions required for implementing DR (Demand Response) for both high and low voltage applications
• ENECHANGE CLOUD EV Charging Mobile App
• ENECHANGE CLOUD Electricity and Gas Simulation
• ENECHANGE CLOUD RE Decarbonization Services
• eValue-Platform
• EV STAY&CHARGE
• EV PLUS

Products and services

• ENECHANGE Home

Quantifiable outcome

• 71.5% of EV/PHEV owners have felt inconvenienced searching for accommodations with charging facilities; 91.9% prefer hotels with charging amenities
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Chubu Electric Power Miraiz Co., Ltd. (中部電力ミライズ)coreStrategic or Co-development Partner · 1 January 2025ENECHANGE and Chubu Electric Power Miraiz established Miraiz ENECHANGE Ltd. as a joint venture company on March 10, 2025, to operate EV charging services. The JV combines Chubu Electric Power Miraiz's utility expertise with ENECHANGE's platform technology and EV data capabilities to serve EV users across Japan.
• 24/7 Carbon Free Energy Compact (UN-led Initiative)minorStrategic or Co-development Partner · 1 September 2024ENECHANGE joined the UN-led 24/7 Carbon Free Energy Compact in September 2024, committing to align all electricity consumption with renewable energy generation on an hourly basis; supports national and global decarbonization goals.
• Miraiz ENECHANGE Ltd. (ミライズエネチェンジ)coreStrategic or Co-development PartnerENECHANGE and Chubu Electric Power Miraiz co-founded Miraiz ENECHANGE Ltd. to operate EV charging infrastructure and services; ENECHANGE provides platform technology, while the JV operates the charging network and services including EV STAY&CHARGE and EV PLUS media.
• Japan Climate Connect (formerly ENECHANGE Insight Ventures)minorStrategic or Co-development PartnerSince 2018, ENECHANGE Group implements a business matching program for decarbonization, sourcing companies from North America and Europe through its global network; supports company analysis and business deployment in Japan.
• ThinkGeoEnergyminorGTM or Marketing PartnerENECHANGE and ThinkGeoEnergy co-host geothermal energy webinars and conferences (IGC Invest Geothermal 2026); ThinkGeoEnergy focuses on geothermal energy financing and deployment, with ENECHANGE contributing energy tech expertise.
• Strataphy (via Webinar Partnership)minorGTM or Marketing PartnerENECHANGE-hosted webinar featured Strataphy CEO Ammar Alali presenting PrimeLoop geothermal cooling technology for AI data centers; technology offers COP values of 5.1-7+, zero water use, up to 50% electricity reduction, and 55% CO2 reduction.
• Daiwa Energy and InfrastructureminorStrategic or Co-development PartnerENECHANGE provides advisory services for overseas renewable energy investment support projects using know-how and networks from ENECHANGE Insight Renewables service and experience from fund investment management.
• Mirai Z Enechange Co., Ltd. ( joint venture for EV Accommodation)minorStrategic or Co-development PartnerJoint venture between Chubu Electric Power Miraiz and ENECHANGE operates EV STAY&CHARGE website introducing EV-friendly accommodations in Japan with guaranteed charging access; established January 2025.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Selectra: Selectra is a European energy price-comparison and switching platform operating across multiple countries, with a free consumer-facing model funded by retailer commissions — directly analogous to ENECHANGE Home's business model and target customer.
• Uswitch: Uswitch is a UK-based price comparison and switching platform for energy and other utilities, monetizing through partner commissions. It is the closest direct peer to ENECHANGE's energy switching platform in terms of product mechanics and revenue model.
• Uplight: Uplight provides SaaS solutions to energy utilities for customer engagement, energy efficiency, demand response, and decarbonization — closely matching ENECHANGE CLOUD's enterprise SaaS suite (DR, EV charging, tariff, profitability, eValue-Platform).
• EnergyHub: EnergyHub is a demand response and DER management platform for utilities, directly comparable to ENECHANGE CLOUD DR's functionality for high and low voltage applications, baseline calculations, and activation notifications.
• OATI: OATI provides energy management, trading, and market connectivity platforms including ETRM/CTRM systems — directly comparable to ENECHANGE CLOUD's electricity/gas simulation, tariff information service, and power and environmental value trade offerings.

Broad incumbents

• ChargePoint: ChargePoint operates a global EV charging network with software and APIs — comparable to the Miraiz ENECHANGE JV's charging operations and ENECHANGE CLOUD EV Charging mobile app and port information API.
• Octopus Energy: Octopus Energy is a UK technology-led energy retailer with a strong proprietary platform for smart tariffs, demand response, and EV integration. While a retailer rather than pure platform, its technology stack competes with ENECHANGE CLOUD's SaaS offerings in adjacent markets.
• Chubu Electric Power Miraiz: Chubu Electric Power Miraiz is ENECHANGE's JV partner in Miraiz ENECHANGE and Mirai Energy Change, and one of Japan's major utility retail arms. It is comparable as both a partner and a strategic anchor with shared exposure to the deregulated Japanese energy and emerging EV charging markets.

Regional players

• Looop: Looop is a Japanese renewable energy retailer and power producer that invested in ENECHANGE and operates in the same deregulated retail electricity market. It is a relevant Japan-based comparable for ENECHANGE Home/Biz switching dynamics and competitive dynamics.
• eMP (e-Mobility Power): eMP is the Japan EV charging infrastructure joint venture involving major Japanese automakers, operating a competing charging network to the Miraiz ENECHANGE JV across the Japanese market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/enechange
• LinkedInlinkedin.com/company/enechange
• Facebookfacebook.com/enechange

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries6 records

Funding overview

Funding rounds6 records

Investors19 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Enechange