JERA Leads New Strategic Investment Round in Intertrust
Japanese green energy leader joins E.ON, Philips, Origin Energy and WiL in advancing secure, data-driven trusted distributed computing platform
TOKYO & SAN FRANCISCO–(BUSINESS WIRE)–#CleanEnergy–JERA, Japan’s largest energy generator and global innovator, announced it has led an equity investment round in the Silicon Valley-based trusted distributed computing pioneer, Intertrust.
At the heart of the JERA investment is a strategic partnership with Intertrust to develop a sophisticated digital energy management platform to help combat climate change and deliver clean energy. Robust, secure computing systems and IoT devices will all play an indispensable role in the clean energy transition. JERA and Intertrust will collaborate to address these mission-critical requirements by leveraging “Intertrust Platform™” for the deployment of secure energy systems.
“We are delighted to partner with and invest in Intertrust,” said Dr. Sami Ben Jamaa, JERA’s global chief information and digital officer. “JERA’s goal is to provide clean energy for the growing planet. We are looking forward to collaborating with Intertrust to deliver a revolutionary, new digital energy platform in which Intertrust technology will play a critical role.”
“Intertrust is honored to partner with JERA as we enter our next growth phase,” said Dr. Talal G. Shamoon, Intertrust’s chief executive officer. “JERA is a bright star in a constellation of forward-thinking, strategic investors with a bold vision to use our technology to make the world better, cleaner and more energy efficient.”
Intertrust’s entry into the energy market began in 2016 when German major RWE invested in the company. Since then, Intertrust’s digital systems with secure distributed computing technology have helped global energy companies to harness the power of renewable energy, IoT-enabled power grids that deliver Internet efficiency to the deployment of a new smart infrastructure. Intertrust’s data-driven energy technologies enable operations and management of offshore wind farms, grid planning in the face of climate change, and most recently, a unique new product, Intertrust Home, that enables operators such as telcos to partner with energy companies to deliver clean, affordable energy to their customers.
Established in 2015, JERA is an equal joint venture of two major Japanese electric power companies, TEPCO Fuel & Power Incorporated and Chubu Electric Power Company and produces about 30% of all electricity in Japan. JERA is an energy company with global reach that has strength in the entire energy supply chain, from participation in LNG upstream projects and fuel procurement, through fuel transportation to power generation. JERA, which stands for Japan’s Energy for a New Era, will take on the challenge of achieving net zero CO2 emissions from its domestic and overseas businesses by 2050 and is supporting an energy transition in an environmentally and socially responsible manner. For more details: https://www.jera.co.jp/english/
Intertrust provides trusted computing products and services to leading global corporations–from mobile, consumer electronics, and IoT manufacturers, to service providers and enterprise software platform companies. These include the world’s leading digital rights management (DRM) and technologies to enable private data exchanges for various verticals, including energy, entertainment, retail/marketing, automotive, fintech, and IoT. Founded in 1990, Intertrust is headquartered in Silicon Valley with a presence in major cities throughout Asia, Europe, and North America. The company has a legacy of invention, and its fundamental contributions in the areas of computer security and digital trust are globally recognized. Intertrust holds hundreds of patents that are key to Internet security, trust, and privacy management components of operating systems, trusted mobile code and networked operating environments, web services, and cloud computing. Additional information is available at intertrust.com, or follow us on Twitter or LinkedIn.
Public Relations Section, Enterprise Value Creation Group