News Release

ONE Energy Commences Storage Battery Rentals within Areas Served by Chubu and Kansai Electric Power
-Expanding its Business Territory Beyond the Area Served by Tokyo Electric Power-

Jun 02, 2014

TOKYO, Japan - June 2, 2014 - ONE Energy Corporation (hereinafter "ONE Energy") announced today that it will expand the business territory of its home storage battery systems rental service for commencement within the areas served by Chubu Electric Power Co., Inc. (hereinafter "Chubu Electric Power") and Kansai Electric Power Co., Inc. (hereinafter "Kansai Electric Power").

ONE Energy was established as a joint venture of ORIX Corporation, NEC Corporation, and EPCO Incorporated as the first company in Japan* to launch the rental of power-grid-integrated storage battery systems for the home as a service in June 2013. This service offers a rental package for detached homes comprising a home storage battery system made by NEC Corporation (capacity: 5.53 kWh) paired with an app developed by EPCO Incorporated called "pipipa" using a cloud-based data link.

The rental service was provided primarily in the area served by Tokyo Electric Power Company, Incorporated (hereinafter "Tokyo Electric Power"), but will be expanded on a full scale to include areas served by Chubu Electric Power and Kansai Electric Power going forward. The storage battery system enables households to store electricity purchased at cheaper rates during the night, and save on electricity bills by using that power during the day. The system can also be used as an emergency power source during power outages.

For customers considering the installation of home storage battery systems, ONE Energy's Simulated Electricity Bill Website will recommend optimal electricity billing plans and calculate the economic benefits that would result from installing such a system, based on data fields input by customers. These fields cover parameters such as customers' current electricity billing plans and actual electricity bills, the floor space of their homes, family structure, and lifestyle patterns. Furthermore, the Website will predict power usage during the course of one day, and will estimate electricity bills before and after installing a storage battery system in order to estimate the economic benefits.

Going forward, ONE Energy will continue in its endeavor to spread the use of storage battery systems and provide energy services with high added value.

*As of April 2013, according to research by SVP JAPAN Co., Ltd.

■Expanded Service Area
・Aichi, Mie, Gifu, Shizuoka, and Nagano prefectures
・Areas served by Chubu Electric Power and Kansai Electric Power in Fukui, Shiga, Nara, Wakayama, Kyoto, Osaka and Hyogo prefectures

*The rental service is not available in areas of the prefecture not served by Chubu Electric Power/Kansai Electric Power

■Overview of the Storage Battery System Rental Service
Product provided Lithium-ion battery made by NEC (5.53 kWh)
Monthly rental charge ￥4,900 (excluding tax)
Contract period 10 years (no cancellations permitted)
Value-added service "pipipa" app for visualizing power consumption and increasing power conservation awareness
Warranty for replacing storage batteries that does not meet the guaranteed capacity
A cloud-based maintenance and inspection service for monitoring the storage battery system

■Concept Illustration of a Home Storage Battery System

*ONE Energy Corporation website: http://oneenergy.co.jp/Open Link in New Window (Japanese only)
*Simulated Electricity Bill Comparison Website: https://onee.pipipa.info/Open Link in New Window (Japanese only)

Contact Information
ORIX Corporation, Corporate Planning Department
TEL : +81-3-3435-3121 / Fax : +81-3-3435-3154
URL : http://www.orix.co.jp/grp/en/

About ORIX
ORIX Corporation (TSE: 8591; NYSE: IX) is a financial services group which provides innovative products and services to its customers by constantly pursuing new businesses. Established in 1964, from its start in the leasing business, ORIX has advanced into neighboring fields and at present has expanded into lending, investment, life insurance, banking, asset management, automobile related, real estate and environment and energy related businesses. Since entering Hong Kong in 1971, ORIX has spread its businesses globally by establishing locations in 35 countries and regions across the world. ORIX celebrates its 50th anniversary in 2014 and moving forward it aims to contribute to society while continuing to capture new business opportunities and sustain growth by promoting acceleration of its corporate strategy "Finance + Services." For more details, please visit our website: http://www.orix.co.jp/grp/en/

These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under “Risk Factors” in the Company’s annual report on Form 20-F filed with the United States Securities and Exchange Commission and under “4. Risk Factors” of the “Summary of Consolidated Financial Results” of the “Consolidated Financial Results April 1, 2012 – March 31, 2013.”
View PDF of this release

2014 News Releases List