A consortium of investors completed a $20m investment round in PowerX.

A consortium of investors including JA Mitsui Leasing, Sompo, Shoei Kisen Kaisha, Tatsumi Shokai, Shikoku Electric Power and Anchor Ship Partners, completed a $20m investment round in PowerX, an energy equipment and solutions company. “In response to increasingly serious challenges of global warming and climate change and to help realize a sustainable society, JA Mitsui Leasing is addressing climate change issues and promoting decarbonization initiatives. Recently, the demand for storage batteries has been growing with the expansion of renewable energy capacity. We decided to invest in PowerX to create a brand new battery infrastructure and energy arbitrage business together," Keito Shimbu, JA Mitsui President ＆ CEO.