A consortium of investors led a $33m Series B round in PowerX.

A consortium of investors including NIPPON GAS, Frontive, Mori Trust, Japan Airlines, Japan Petroleum Exploration, and YASKAWA Electric led a $33m Series B round in PowerX, a company that strives to build a sustainable energy ecosystem. "I'm delighted to reinvest following the Series A round. I keenly anticipate PowerX's continued growth as they strive to be at the forefront of the energy sector. I'm confident that their innovations, particularly the energy storage systems, will be instrumental in advancing Japan's decarbonization initiatives. We remain steadfast in our support of their endeavors," Shuhei Ochiai, Frontive Senior Investment Manager.