Energy Grid

About Energy Grid

Energy Grid Corporation Limited provides electricity and commodity risk management and trading services for the Japanese power market. The company was founded on July 14, 2021, by Yohei Jozaki, who serves as the President and Representative Director. Jozaki has a background in energy trading and risk management, having worked at firms including Tohoku Electric Power, Enron, Morgan Stanley Singapore, and Goldman Sachs Singapore before establishing Energy Grid. The company's business model is centered on offering tailored risk management solutions in physical power, supporting businesses in the retail electricity, power generation, and renewable energy sectors. It engages in both wholesale electricity trading and power retail. For its clients, which include over 80 counterparties, Energy Grid provides derivative and option elements, such as contracts with price caps, to help them mitigate the risks associated with power price volatility. In mid-2024, it was announced that the global investment firm Citadel would acquire Energy Grid. This acquisition is intended to leverage Citadel's financial and analytical capabilities to expand Energy Grid's operations, increase trading volumes, and offer longer-term risk management solutions to a broader range of market participants in Japan. The transaction was expected to close in the third quarter of 2024, with Energy Grid's employees becoming part of Citadel.