To mitigate environmental impacts, SoftBank Corp. (TOKYO: 9434) is using renewable energy as an energy solution for its network centers. This initiative was first launched in 2021 following the announcement of
AMEA Power has now announced the closing and funding of a $75 million equity funding round from SoftBank Group Corp. ("SBG"), a Japanese investment holding company. Dubai, United Arab Emirates; November 21,
The SoftBank Group is comprised of SoftBank Group Corp. (TOKYO: 9984), an investment holding company that includes stakes in AI, smart robotics, IoT, telecommunications, internet services, and clean energy technology providers;
Utilizing this system, SoftBank was able to introduce solar energy to a network center location in the Kanto region, an area that encompasses Tokyo and seven surrounding prefectures. Terras Energy and SoftBank established a scheme where SoftBank leases power plants and pays service fees, including maintenance costs.
Michel Combes, CEO of SoftBank Group International, stated, “ SoftBank launched SB Energy to accelerate access to reliable, cost-effective, renewable energy. Combining AI and technology with renewable deployment at scale is critical to the energy transformation and benefits people across the globe.
This initiative was first launched in 2021 following the announcement of SoftBank’s Carbon-neutral 2023 Declaration. As part of this effort, different departments at SoftBank discussed potential energy-saving measures and decided upon solar energy as one of them.
As part of this initiative, SoftBank signed a contract with its subsidiary, SB Power Corp., a retail electricity provider, whereby it will procure approximately 2 billion kWh of renewable energy annually for a period of 20 years.
Most of SB Energy's renewables capacity is in solar. (Photo courtesy of SB Energy) YUKI FUKUMOTO, Nikkei staff writer February 10, 2023 01:31 JST NAGOYA -- Japanese trading house Toyota Tsusho will acquire SoftBank Group unit SB Energy as early as April, aiming to expand its footprint in solar power and other renewable energy-related businesses.
Backed by SoftBank Group and Ares Climate Infrastructure, SB Energy is made up of industry veterans with a reputation for executing renewable energy projects at scale. SB Energy is a fully integrated US renewable platform focused on utility-scale solar, storage, and AI-enabled 24/7 energy management.
