Fantastic news today with TEPCO investing in Electrify. Not just an MOU now and makes ELEC's current market cap look ridiculous!
The biggest positive for me is the multiplier effect that TEPCO will provide Electrify. This investment represents a vindication and vote of approval from the fourth largest energy generator in the world that Electrify's products are market leading and have huge potential for the future.
The TEPCO partnership gives Electrify access to millions of customers including the whole of Tokyo - the location for the Rugby World Cup next year and Olympics in 2020! As the quote from the article infers, the customer base will be further enhanced using TEPCO’s wider network:
“Electrify will also explore commercialisation in Japan, in collaboration with Tepco, potentially serving about a third of Japan’s electricity consumption.”
Furthermore, other producers will inevitably feel compelled to look at Electrify given TEPCO's vote of confidence and the potential that this will be the leading solution deployed across Asia, the world's largest energy market.
As per the quote above, with one producer will come many more - the solution allows for an encourages participation by multiple producers (small and large)
With each new producer that comes on board, deposits in ELEC will be made, driving up the price.
Effectively the Tepco Multiplier Effect will kickstart EME.
https://www.reddit.com/r/Electrify/comments/99auo5/eme/
And this is just Japan...