Bluefield Energy Partners with Cocozas to Enhance Revenue for Solar Power Plant Owners

Bluefield Energy Inc. (Location: Minato-ku, Tokyo; Representative Director: Takafumi Shimada; hereinafter "Bluefield Energy"), which reforms structural inefficiencies in distributed energy generation and electricity retail through technology, has entered into a business matching agreement with Cocozas Inc. (Headquarters: Minato-ku, Tokyo; Representative Director CEO: Yoshito Ando; hereinafter "Cocozas"). Through this business matching agreement, both companies will support the "FIP conversion"* and aggregation of small-scale solar power plants, which have traditionally been difficult to access, starting from just one plant, thereby boosting revenue for individual owners.

* FIP conversion: Refers to the transition to the FIP (Feed-in Premium) system. The FIP system aims to integrate renewable energy into the market and supports renewable energy power sources by adding a certain premium to the market price. It was introduced domestically in April 2022. (Source: Agency for Natural Resources and Energy "Explanation of the FIP System" https://www.enecho.meti.go.jp/category/saving_and_new/saiene/fit_fip/fip.html)

Background of Collaboration

To achieve the 2030 energy mix, further expansion of renewable energy (hereinafter "RE") introduction is required. On the other hand, the environment for selling electricity from low-voltage power sources is changing due to recent RE output controls* and shifts in national policy. For owners of small-scale solar power plants, while the option of FIP conversion exists, specialized knowledge is required for understanding the system, procedures, and post-operation management, making it difficult to receive adequate support. This is particularly challenging for small-scale owners who possess only a few, or even just one, power plant.

* Output control: An operation that requests temporary reduction or stoppage of output from the generation side when RE generation volume exceeds grid capacity. This prevents electricity sales even when power is generated, directly impacting the revenue of power plant owners.

Cocozas Inc., with its philosophy of "Living with Excitement," develops life design businesses that organize the foundations of life such as money, work, and housing. In the asset formation domain, they also handle solar power plants as one of the options according to individual life plans.

This collaboration has been realized with the aim of expanding the options for revenue improvement by enhancing the support system for post-purchase operation for customers who own solar power plants.

Collaboration Details

Through this agreement, the following solutions will be provided to Cocozas customers:

Support for transitioning from FIT to FIP ("FIP conversion")

Operation agency services for solar power plants (aggregation)

Bluefield Energy will support the continuous operation and revenue improvement of solar power plants owned by Cocozas customers by handling the system compliance required for FIP conversion and managing the daily operational tasks after the conversion.

Future Outlook

Bluefield Energy will continue to contribute to the expansion of FIP utilization and the stable operation of renewable energy by providing operation agency and aggregation services tailored to the diverse needs of solar power plant owners.

Company Overview: Cocozas Inc.

Company Name: Cocozas Inc.

Headquarters Location: WAW SVAX Nishi-Shimbashi Bldg. 3F, 2-39-3 Nishi-Shimbashi, Minato-ku, Tokyo

Representative: Yoshito Ando, Representative Director CEO

Business Activities: Life design business for individuals (asset formation/job change support/housing-related), development of vacation rental comprehensive platform "& VILLA," development and operation of detached house brand "COCO VILLA," development of co-ownership model "COCO VILLA Owners," urban private sauna business

URL: https://cocozas.jp/

Company Overview: Bluefield Energy Inc.

Company Name: Bluefield Energy Inc.

Representative: Takafumi Shimada, Representative Director

Location: Shimbashi MCV Bldg. 9F, 5-13-5 Shimbashi, Minato-ku, Tokyo

Business Activities: Electricity aggregation business (solar, storage batteries, combined)

Development of billing management system "BF Cloud" and provision of DX services

Development and operation agency for renewable energy power plants and storage batteries

URL: https://bluefieldenergy.co.jp/