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November 25, 2015 11:55 PM ET

Electrical Equipment

Company Overview of ELIIY Power Co., Ltd.

Company Overview

ELIIY Power Co., Ltd. develops, manufactures, and markets large-size lithium-ion batteries and electricity storage systems. It offers general purpose products, such as electricity storage systems for indoor use, stationary electricity storage systems, general-purpose electricity storage systems for industry use. The company also provides custom-built products, including high-capacity electricity storage systems. ELIIY Power Co., Ltd. was founded in 2006 and is based in Tokyo, Japan with additional offices in Kawasaki and Kansai.

Shin-Osaki Kangyo Building

19th Floor (Osaki New City Building 4)

Osaki 1-6-4


Tokyo,  141-0032


Founded in 2006


81 3 6431 9041


81 3 5740 6105

Key Executives for ELIIY Power Co., Ltd.

Managing Executive Officer
Managing Executive Officer and Director
Senior Corporate Executive Officer and Director
Executive Officer
Compensation as of Fiscal Year 2015.

ELIIY Power Co., Ltd. Key Developments

Enphase Energy, Inc. Enters into Development and Supply Agreement with Eliiy Power Co., Ltd

On September 29, 2015, Enphase Energy, Inc. entered into a development and supply agreement with Eliiy Power Co., Ltd. The Development and Supply Agreement has a six-year term, unless terminated earlier under certain circumstances, and provides for the development, purchase and sale of Eliiy's battery cells and battery management units (Eliiy Products) for incorporation into Enphase's AC Battery storage solution. Eliiy has agreed to undertake and complete the development of the Eliiy Products in accordance with certain specifications and milestones. The Eliiy Products to be purchased pursuant to the terms of the Development and Supply Agreement carry a limited warranty. Enphase has agreed to purchase battery module products exclusively from Eliiy until the later of two years from the date the first commercial Eliiy Products is sold to Enphase or March 31, 2018, provided Eliiy satisfies certain performance requirements. Enphase has committed to using commercially reasonable efforts to buy minimum annual quantities of Eliiy Products during the term.

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