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NOVI Energy and Osaka Gas USA Corporation Form Joint Venture to Develop Solar Power and Energy Storage

The joint venture will develop enough projects to power 150,000 homes with clean, renewable energy

NOVI, MI – NOVI Energy is partnering with Osaka Gas USA Corporation (“OGUSA”) on a new joint venture, Apricus Energy, that will develop one (1) gigawatt of clean, renewable energy in markets throughout the United States – enough to power 150,000 homes. Apricus Energy’s portfolio of solar projects will power communities across the United States with clean and affordable energy.

“We are incredibly proud to partner with OGUSA to accelerate the development of solar and energy storage projects across the country while creating good-paying jobs,” said Anand Gangadharan, President of NOVI Energy. “This partnership will enhance our ability to deliver clean, affordable, and cutting-edge energy solutions while investing in local communities. We are committed to the environment, the communities we serve, and the future of clean energy – we can’t wait to get started.”

OGUSA, a subsidiary of Osaka Gas Co., Ltd. (“Daigas Group”), strives to contribute towards the advancement of a low carbon/carbon neutral society by investing in renewables, as well as clean natural gas-fired power plants. This joint venture marks OGUSA’s first utility-scale solar investment in the US.

“OGUSA is pleased to partner with NOVI, an experienced energy solutions provider and developer focused on clean energy development with community collaboration,” said Tetsushi Ikuta, President of OGUSA. “The partnership with NOVI launches our investment in utility-scale solar and storage, in line with the reduction of CO2 emissions targeted by the Daigas Group.”

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NOVI Energy is a family-owned company that creates clean energy solutions for governmental, industrial, institutional, commercial, and utility customers across the globe. We understand that energy projects are complex and require technological know-how, business savvy, and an ability to work with – and for – the communities we serve.

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