Irish renewable energy trading and services firm ElectroRoute has announced further expansion, both in Ireland and in Japan.
The company plans to add over 50 jobs by 2025, to be located in Japan and Ireland, having already hired 25 new people in Ireland in the last year.
Today's expansion plans follow the purchase of the company by Japan's Mitsubishi Corporation in July.
It said its growth has been facilitated by the provision of €300m in funding by Mitsubishi in the last twelve months, given the volatility of global energy markets.
Established in 2011, ElectroRoute now employs over 90 energy professionals located in Ireland, the UK, Europe and Japan.
It provides essential trading services to 1.4GW of renewable assets including wind farms, solar farms, and batteries in 15 separate energy markets.
ElectroRoute CEO and Co-founder Ronan Doherty said the company was very excited to be growing its presence in the fast-growing Japanese market.
"The country has shown admirable commitment to the green transition and has been investing heavily in renewables," Ronan Doherty said.
"It has set itself challenging yet achievable targets which will require international expertise such as ours to accomplish so furthering our expansion into Japan and growing our team there was a natural progression for us," he added.
Head of ElectroRoute Japan Eamonn O'Donoghue noted that Japan is the world's third largest economy and has a particularly interesting energy market in that it deregulated later than Europe.
"This, coupled with its ambitious renewables targets, means that ElectroRoute can make a valuable contribution and I am looking forward to leading our expanding team through that process," he added.
