Toyoda Gosei Invests in E-ThermoGentek, a Specialist in Thermoelectric Power Generation

Rhea-AI Summary

Toyoda Gosei Co., Ltd. (Tokyo:7282) has invested in E-ThermoGentek Co., Ltd., a startup specializing in thermoelectric power generation technology. This investment, made in August 2021, aligns with Toyoda Gosei's goal of achieving carbon neutrality by 2050. The collaboration aims to develop power generation systems that utilize thermal energy from rubber and plastic processing, enhancing energy efficiency through renewable sources.

Positive

• Investment in E-ThermoGentek enhances Toyoda Gosei's renewable energy initiatives.
• Collaboration may lead to innovative power generation using thermal energy in production processes.

Negative

• None.

KIYOSU, Japan--(BUSINESS WIRE)-- Toyoda Gosei Co., Ltd. (TOKYO:7282) invested in startup E-ThermoGentek Co., Ltd., which possesses original thermoelectric power generation technology that converts heat to electricity, in August 2021.

The flexible power generation module “Flexina”® (Photo: Business Wire)

As it moves toward achieving carbon neutrality by 2050, Toyoda Gosei is switching to the latest energy-saving equipment and machinery and expanding its use of renewable energy. One aspect of this is for the company to generate its own power using solar and geothermal sources.

This investment will allow Toyoda Gosei to collaborate with E-ThermoGentek in developing power generation systems for effective use of the thermal energy emitted in the molding and processing of rubber and plastics, its main products.

Outline of E-ThermoGentek

Name	E-ThermoGentek Co., Ltd.
Location	102 Kujo CID Bldg. 13 Shimotonodacho, Higashikujo, Minami-ku, Kyoto, Japan
President	Shutaro Nambu
Established	February 2013
Capital	JPY 326.72 million (as of August 31, 2021)

E-ThermoGentek original technology

This, flexible power generation module “Flexina”® can be attached along the contour of piping, equipment and machinery to efficiently convert heat into electricity.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210921006204/en/

Toyoda Gosei Co., Ltd.

Contact: Public Relations

Takatomo Abe

inquiry@mail.toyoda-gosei.co.jp

Source: Toyoda Gosei Co., Ltd.

FAQ

What is Toyoda Gosei's recent investment about?

Toyoda Gosei invested in E-ThermoGentek to leverage its thermoelectric power generation technology.

When did Toyoda Gosei invest in E-ThermoGentek?

The investment took place in August 2021.

How does Toyoda Gosei plan to achieve carbon neutrality?

Toyoda Gosei aims for carbon neutrality by 2050 by utilizing renewable energy sources and energy-saving technologies.

What technology does E-ThermoGentek specialize in?

E-ThermoGentek specializes in thermoelectric power generation technology that converts heat into electricity.

What products are involved in Toyoda Gosei's energy generation efforts?

The energy generation efforts focus on thermal energy emissions from rubber and plastic processing.