FPS
FPS is a Japanese renewable energy and electricity retailer/wholesaler serving extra-high-voltage and high-voltage commercial and industrial customers with electricity menus, Corporate PPA, renewable aggregation, and non-fossil certificate agency, operating as the retail power arm of GLP Group.
- Company typePrivate
- Founded2021
- HeadquartersYasu, Japan
- Headcount1–10
- GTM typeB2B
- OfferingServices
What FPS does
FPS (株式会社FPS) is a Japanese renewable energy and new-electricity retailer and wholesaler founded on November 19, 2021 and headquartered in Akasaka, Minato-ku, Tokyo. The company operates as the retail electricity arm of GLP Group, a logistics real estate conglomerate, and in 2022 succeeded the business foundation of major new power retailer F-Power, inheriting a retail contract base of approximately 4 million kW. FPS serves extra-high-voltage, high-voltage, and low-voltage commercial and industrial customers in the Kanto region with five electricity pricing menus (BASIC, FLEXIBLE market-linked, FIXED, HYBRID, and gREen non-fossil certificate option), Corporate PPA services (on-site and off-site), a renewable energy aggregator service for distributed generation, and a non-fossil certificate purchasing agency. The company's stated technology core is a Virtual Power Plant integrating grid-connected battery storage, renewables, EV, and demand response, with operational participation in Japan's balancing market, JEPX spot exchange, and capacity market using battery assets since June 2026.
Revenue is generated through electricity retail subscriptions (monthly and annually billed), Corporate PPA contracts (long-term subscription/recurring), transaction-fee non-fossil certificate agency services, and managed aggregator services bundling distributed renewables. Go-to-market is sales-led enterprise field and inside sales, with content marketing (downloadable white papers on RE100 roadmaps and PPA guides) feeding top-of-funnel demand and multiple specialized inquiry forms (electricity estimation, non-fossil certificates, aggregator, PPA) converting bottom-of-funnel leads with a 3-business-day response commitment. Distribution is exclusively domestic through direct enterprise sales and dedicated customer portals (portal.fps-inc.jp for high-voltage, portal.lvp.fps-inc.jp for low-voltage). Named enterprise customers include Konica Minolta, Ricoh Lease, Kennedix, Ohisama Fruits Yamanashi, Leapton Energy, and Enelusion, spanning manufacturing, finance, real estate, agriculture, solar EPC, and energy analytics. Leadership consists of Representative Director (CEO) Dō Yōhei (洞洋平), and the company is privately held with no disclosed funding rounds, revenue, or headcount beyond a stated 1–10 employee range.
FPS firmographics
Firmographics- Name
- FPS
- Legal name
- 株式会社FPS
- Website
- https://fps-inc.jp
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- FPS is a Japanese renewable energy and electricity retailer/wholesaler serving extra-high-voltage and high-voltage commercial and industrial customers with electricity menus, Corporate PPA, renewable aggregation, and non-fossil certificate agency, operating as the retail power arm of GLP Group.
- Ownership category
- akta.pro rank
FPS industry classification
Industry- Product category
- Retail Electricity / Renewable Energy Supply
- NAICS
- Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Retail Supply + DER/Virtual Power Plant Bundles (Solar, Storage, DR) (EUAGABAI)
- akta.pro secondary industry
- Hybrid PPAs (Renewables + Storage) & Firm Renewable Products (EUAGADAI)
Keywords
Where FPS is headquartered
LocationHeadquarters
- HQ city
- Yasu
- HQ country
- Japan
- HQ region
- Asia
Offices1 record
Markets served
FPS business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Infrastructure, Technology or R&D, Personnel, Marketing or Sales
Revenue model
- Electricity Retail: Retail electricity supply to commercial and industrial customers with various pricing menus (BASIC, FLEXIBLE market-linked, FIXED, HYBRID) and optional gREen non-fossil certificate packages
- Corporate PPA: On-site and off-site Power Purchase Agreement services providing long-term renewable energy procurement for corporate customers seeking decarbonization
- Non-Fossil Certificate Agency Services: Agency service purchasing non-fossil certificates on behalf of customers to support carbon-neutral business operations; handles bidding procedures, settlement, and certificate management
- Renewable Energy Aggregator Services: Aggregator services bundling distributed renewable energy sources, reducing imbalance risks, and managing complex supply operations for generators and consumers
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | BASIC Menu - Standard traditional pricing |
| Usage-based | Monthly | FLEXIBLE Menu - Market-linked pricing |
| Subscription | Annual | FIXED Menu - Complete fixed pricing |
| Hybrid | Monthly | HYBRID Menu - Market-linked with fixed component |
| Subscription | Monthly | gREen Option - CO2-free electricity package |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels3 records
FPS product offering
Product offeringCore offering
FPS supplies renewable energy-derived electricity to extra-high voltage and high voltage commercial and industrial customers in Japan, offering four menu plans (BASIC, FLEXIBLE, FIXED, HYBRID) plus a gREen Option add-on. Beyond standard retail supply, it provides Corporate PPA (on-site and off-site), renewable energy aggregation, non-fossil certificate purchasing agency services, and operates battery storage and VPP (Virtual Power Plant) trading on Japan's balancing, spot/forward, and capacity markets.
Product overview
FPS (株式会社FPS) operates as a renewable energy and new electric power retailer and wholesaler, offering a comprehensive portfolio of electricity and environmental value services. The core offering consists of electricity retail with five menu types (BASIC, FLEXIBLE/Market-linked, FIXED, HYBRID, and gREen option), complemented by Corporate PPA services (both onsite and offsite), a renewable energy aggregator service that bundles scattered renewable sources, and a non-fossil certificate purchasing agency. These services are designed for commercial and industrial customers (special high-voltage/high-voltage and low-voltage), helping them achieve flexible electricity procurement, decarbonization, and renewable energy expansion through mechanisms like virtual PPA, physical PPA, and non-fossil certificates. The company also recently expanded into grid battery storage trading and VPP operations.
Differentiator
Problem solved
Functional benefit
Brands
- gREenプラン: Renewable energy utilization product offering CO2 emissions reduction through non-fossil certificates.
Products and services
- BASIC Menu A retail electricity menu plan from FPS primarily targeting extra-high voltage and high voltage demand customers with a market-linked pricing structure.
- FLEXIBLE Menu A retail electricity menu plan offering flexible pricing terms for extra-high voltage and high voltage commercial and industrial customers.
- FIXED Menu A retail electricity menu plan with fixed-price contracts, providing predictable electricity costs for extra-high voltage and high voltage commercial and industrial customers.
- HYBRID Menu A retail electricity menu plan that combines characteristics of market-linked and fixed pricing, for extra-high voltage and high voltage commercial and industrial customers.
- gREen Option An add-on option from FPS that allows commercial and industrial customers to use renewable energy-derived electricity without changing their existing electricity contract.
- Corporate PPA (On-site / Off-site) A long-term corporate power purchase agreement where, under the on-site model, FPS installs and operates solar power systems on the customer's rooftop and sells the generated power to the customer, and under the off-site model, FPS offers environmentally friendly menu plans with virtually 100% renewable energy.
- Renewable Energy Aggregator Service A service in which FPS purchases electricity from power generation operators nationwide in Japan, aggregating renewable energy supply from various generators including non-captive ones.
- Non-Fossil Certificate Purchasing Agency Service An agency service where FPS intermediates non-fossil certificate transactions between sellers and corporate buyers, supporting decarbonization and non-fossil value procurement.
- Battery Storage Trading Service A service in which FPS operates and trades electricity stored in storage batteries, dispatching into Japan's balancing market, Japan Electric Power Exchange (JEPX) spot and forward markets, and the capacity market.
- VPP (Virtual Power Plant) Operations A Virtual Power Plant operation in which FPS aggregates distributed energy resources, including customer-side storage batteries, to provide grid balancing, renewable integration, and capacity services.
Quantifiable outcome
- Supplied retail contracts of approximately 4 million kW with minimal imbalances
- +2 more outcomes
Companies that use FPS
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
FPS technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
FPS partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Konica Minolta (コニカミノルタ株式会社)flagshipFPS has entered into a Virtual PPA contract with Konica Minolta to provide renewable energy environmental value (non-FIT non-fossil certificates) from solar photovoltaic generation. The agreement covers approximately 1,000,000 kWh/year, enabling Konica Minolta to reduce Scope 2 greenhouse gas emissions and expand renewable energy utilization. FPS acts as the designated wholesale supplier aggregating environmental value from solar power plants and delivering it to Konica Minolta under a long-term arrangement.
Scale indicators2 records
Recent moves6 records
Expansion highlights5 records
FPS competitors and assessment
Company assessmentDirect peers
- NTT Anode Energy Corporation: NTT Group's energy arm combining retail electricity supply, corporate PPA, and renewable energy aggregation with a major captive customer base. Highly comparable in business mix and customer segment to FPS, especially for corporate PPA and aggregator services.
- RENOVA, Inc. Japanese renewable energy IPP and retail electricity provider developing solar, wind, biomass, and geothermal assets with corporate offtake PPAs. Comparable to FPS's Virtual PPA origination and renewable aggregation capabilities.
- Looop Inc. Japanese independent new-power retailer with a renewable energy focus and rooftop solar development arm. Closely mirrors FPS's positioning as a deregulated retail electricity provider serving consumer and C&I customers with renewable supply, making it the most direct functional comparable.
- UPDATER Inc. (formerly Minna Denryoku): Japan's most prominent renewable-energy-focused retailer with a 'face-to-face' tracing model that links specific generators to specific consumers. Directly comparable to FPS's renewable retail, corporate PPA, and non-fossil certificate agency services.
- eRex Co., Ltd. One of Japan's largest new-power retailers (IPP + retail), with a renewable-heavy generation portfolio and corporate supply offerings. Comparable to FPS across retail supply, PPA origination, and renewable IPP/aggregation functions.
- F-Power, Inc. The predecessor new-power company whose business foundation FPS inherited in 2022. Functions as a directly comparable Japanese new-power retailer in the same deregulated retail and C&I supply segment FPS now operates in.
Broad incumbents
- ENEOS Corporation: Japan's largest petroleum and energy conglomerate with significant renewable generation and retail electricity (ENEOS Power). Competes with FPS in C&I retail supply and renewable PPAs but as part of a much broader portfolio of fuels, refining, and upstream businesses.
- Tokyo Gas Co., Ltd. Major Japanese utility with a substantial electricity retail business, renewable energy investments, and corporate decarbonization offerings. Overlaps with FPS on retail supply and PPA but operates across a much wider portfolio (gas, LNG, energy services).
- TEPCO Energy Partner, Inc. Retail electricity arm of Tokyo Electric Power Company serving the Kanto region — FPS's primary service territory. A broad incumbent offering overlapping retail supply and renewable products to C&I customers, though across a much larger legacy customer base.
Emerging players
- SB Energy Corp. SoftBank Group's renewable energy platform operating utility-scale solar and battery projects in Japan. Comparable to FPS in renewable generation aggregation, battery storage, and corporate PPA origination, though focused more on asset ownership than retail electricity supply.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
FPS financial estimates
Financial estimateRevenue estimate
Valuation estimate
FPS leadership team
Management profileNumber of profiles
Profiles1 record
FPS funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
FPS M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about FPS
What does FPS do?
FPS supplies renewable energy-derived electricity to extra-high voltage and high voltage commercial and industrial customers in Japan, offering four menu plans (BASIC, FLEXIBLE, FIXED, HYBRID) plus a gREen Option add-on. Beyond standard retail supply, it provides Corporate PPA (on-site and off-site), renewable energy aggregation, non-fossil certificate purchasing agency services, and operates battery storage and VPP (Virtual Power Plant) trading on Japan's balancing, spot/forward, and capacity markets.
Is FPS a public or private company?
FPS is a private company. It is classified as corporate owned and is currently operating.
When was FPS founded?
FPS was founded in 2021. It employs 1 to 10 people.
Where is FPS based?
FPS is headquartered in Yasu, Japan, in the Asia region.
How does FPS make money?
Four revenue lines are on record. Electricity Retail is the primary driver. The others are corporate PPA, non-Fossil Certificate Agency Services and renewable Energy Aggregator Services.
Who are FPS's main competitors?
Direct peers on record are NTT Anode Energy Corporation, RENOVA, Inc., Looop Inc., UPDATER Inc. (formerly Minna Denryoku), eRex Co., Ltd. and F-Power, Inc.. Broad incumbents are ENEOS Corporation, Tokyo Gas Co., Ltd. and TEPCO Energy Partner, Inc.. SB Energy Corp. is listed as an emerging player.
Does FPS have an API?
No public API is recorded for FPS.
What industry is FPS in?
FPS's product category is Retail Electricity / Renewable Energy Supply. Its primary akta.pro industry code is EUAGABAI, Retail Supply + DER/Virtual Power Plant Bundles (Solar, Storage, DR), with a secondary code of EUAGADAI, Hybrid PPAs (Renewables + Storage) & Firm Renewable Products. Its NAICS code is 2211 and its SIC code is 4911.