What Change Energy does

Change Energy (株式会社CHANGEエネルギー) is a privately-held Japanese renewable energy developer founded in 2022 and headquartered in Nagoya, Aichi Prefecture. The company operates three interconnected business lines: (1) a solar power generation business developing, operating, and selling solar plants from low-voltage to high-voltage projects under Japan's FIT/FIP tariff regime, with cumulative development support exceeding 10MW; (2) a grid-connected battery storage business developing 1995kW-class battery energy storage systems for electricity trading in capacity markets and supply-demand adjustment markets; and (3) a real estate business procuring and brokering idle farmland and vacant land for renewable energy deployment. The company also specializes in reactivating stalled non-operational solar projects (未稼働案件) that hold grid connection contracts but have never been activated.

The company's technology stack centers on conventional solar photovoltaic generation and grid-scale battery storage systems, with forward-looking interest in Virtual Power Plant (VPP) aggregation of distributed energy resources via IoT. Change Energy serves multiple customer segments including landowners with idle or unused land, real estate investors seeking ESG-aligned renewable assets, corporations pursuing decarbonization and business continuity planning, and operators with stalled solar projects. Go-to-market is sales-led and direct, with consultative field sales targeting enterprises and mid-market landowners, supplemented by content marketing via an educational blog.

Revenue mechanics are project-based and transaction-oriented: one-time sales of developed solar plants, transaction fees from real estate brokerage, and future recurring revenue from electricity trading and battery storage market participation. Primary operations are concentrated in the Chubu and Kyushu regions of Japan, with stated expansion into Kanto, Tohoku, and Kansai. The company employs 1-10 people, has not disclosed any funding rounds, and provides no public pricing information, indicating an early-stage, privately-capitalized operating profile.

Name

Change Energy

Legal name

株式会社CHANGEエネルギー

Website

https://change-ene.co.jp

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Renewable Energy Development

NAICS

Solar Electric Power Generation (221114), Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Renewable Energy Industrial Facilities Construction (Solar, Wind, Storage) (IMAFADAD)

akta.pro secondary industries

Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB), Repowering, Retrofit & Life-Extension (Inverter Replacements, Tracker Upgrades, Controls) (EUACAGAJ), Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ)

Keywords

• Solar power development
• Grid battery storage
• Renewable energy projects
• Idle land utilization
• Solar plant sales

Headquarters

HQ city

Nagoya

HQ country

Japan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Solar Power Plant Sales: Development and sale of solar power plants to investors and landowners. Low-voltage and high-voltage projects available, with approximately 10MW in cumulative sales achievements.
2. Battery Storage Development and Sales: Development and sale of grid-scale battery storage facilities (系統用蓄電池). Revenue from electricity trading in capacity markets and supply-demand adjustment markets.
3. Real Estate Transactions: Procurement and intermediation of solar energy land (farmland, vacant land). Matching services connecting land owners with energy businesses.
4. Electricity Trading Revenue: Revenue from arbitrage (buying electricity at night, selling during peak hours), participation in supply-demand adjustment markets, and capacity market value provision.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels1 record

Core offering

Change Energy develops, operates, and sells solar power generation plants and grid-connected battery storage systems across Japan, while also brokering real estate and land suitable for renewable energy projects. The company specializes in reactivating stalled (saisei) or non-operational solar projects and converting idle or underutilized land into productive clean energy assets, with cumulative solar development approaching 10MW and multiple 1995kW-class battery storage projects underway.

Product overview

Change Energy operates three interconnected core business lines: (1) Solar Power Generation Business - developing, operating, and selling solar power plants with ~10MW in cumulative sales, including secondary market transactions and non-operational project redevelopment; (2) Grid Battery Storage Business - developing and selling grid-connected battery storage facilities (currently planning multiple 1995kW-class projects) to stabilize power grids; and (3) Real Estate Business - procuring and brokering land for renewable energy projects. The company focuses on revitalizing idle land and dormant power generation equipment to create energy assets, serving land owners, energy businesses, local governments, and investors.

Differentiator

Problem solved

Functional benefit

Products and services

• Solar Power Generation Business (太陽光発電事業)

Quantifiable outcome

• Over 10MW in cumulative development support
• +1 more outcomes

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Asahi Kasei Corporation: Japanese industrial and battery materials manufacturer with growing energy storage business. Comparable as a broader incumbent supplying and developing battery storage technology that competes with Change Energy's grid-scale storage activities.
• TEPCO Renewable Power, Inc. TEPCO group renewable energy arm operating large-scale solar, hydro, and wind. Comparable as an incumbent utility-affiliated renewable developer active across multiple generation technologies in Japan.
• SoftBank Energy Co., Ltd. Large Japanese renewable developer affiliated with SoftBank Group with broad solar and storage portfolio. Comparable as a broader incumbent pursuing similar grid-scale renewables and storage business lines at greater scale.
• ENEOS Holdings Co., Ltd. Major Japanese energy company expanding into renewables and battery storage. Comparable as a broader incumbent entering the same Japanese battery storage and corporate decarbonization opportunity that Change Energy addresses.
• ENGIE Japan K.K. Japanese subsidiary of global utility ENGIE pursuing renewable energy and energy storage projects. Comparable as a broad incumbent active in Japanese renewables and grid services.

Direct peers

• Eurus Energy Holdings Corporation: Major Japanese renewable energy IPP with wind and solar portfolio. Comparable as a Japanese renewable asset developer and operator pursuing grid-connected generation projects across Japan.
• Pacifico Energy Co., Ltd. Japan-focused solar power producer developing utility-scale PV projects. Comparable as a Japanese solar IPP targeting land-based renewable generation with similar project development and sale activities.
• NTT Anode Energy Corporation: Japanese grid-scale battery storage developer and operator spun out of NTT. Directly comparable to Change Energy's grid battery storage business, including the use of storage for grid stabilization and capacity market participation.
• Renewable Japan Co., Ltd. Japanese renewable energy developer operating solar, wind, and storage projects across Japan. Closely comparable to Change Energy as a domestic developer focused on solar and grid-scale battery storage.
• Looop Co., Ltd. Japanese retail electricity provider and renewable developer active in solar and storage. Comparable as a domestic player combining solar generation, storage, and energy services for retail and corporate customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Change Energy