Lightergy and LGQ Partner with Canon Marketing Japan to Build Energy Storage and Virtual Power Plant System
Dec 10, 2024•7 months ago
Contract Type
partnership
JapanBiomass EnergyRenewable EnergyEnergyManufacturingDescription
Lightergy and LGQ, along with its wholly-owned subsidiary LGQ, signed a Memorandum of Understanding with Canon Marketing Japan to develop a new and efficient energy infrastructure, leveraging their advanced technology to build and deploy a state-of-the-art energy storage and virtual power plant (VPP) system in Japan. The agreement sets the groundwork for this partnership.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months