Nexamp
Investment in US distributed solar power generation company
Through Diamond Generating Corporation, our wholly owned subsidiary for power businesses in the US, invests in Nexamp, Inc., a distributed solar power generation company. Nexamp contributes to customers and clients utilizing digital marketing technology, such as digital advertisements and SNS, and is engaged in the development, construction, operation and maintenance, and asset management of distributed solar power facilities.
As this market is expected to continue to grow, we plan to expand these business further with new technologies, including the possibilties of integrating energy storage systems.
Distributed Solar Power Generation business
Distributed solar power generation business is a business that produces power locally, directly delivered and consumed by the consumer those are close by the production.
In United States, distributed solar power generation business is highly attentioned as a growth areas due to the cost reduction of solar panels and governmental support at the federal and state levels in the form of subsidies.
It is also expected to provide a pathway for developing countries with vulnerable transmission networks to raise the electrification ratio in a short period.