ORIX Inks Deal with Envision Digital to Empower Digitised Operations Across Utility-scale Solar Farms in Japan

SINGAPOREand TOKYO,Aug. 28,2020 -- ORIX Renewable Energy Management Corporation(OREM),a wholly-owned subsidiary ofORIX Corporation("ORIX"),a diversified financial services group headquartered in Japan,and Envision Digital International Pte Ltd("Envision Digital"),a global green tech and Artificial Intelligence of Things (AIoT) technology leader,today announced a partnership to deploy advanced analytics and remote monitoring applications in utility-scale solar farms across 82 sites in Japan.

By improving energy productivity and operational efficiency,the deployment will enhance ORIX's efforts to popularise renewable energy and contribute to Japan's national goal of increasing its reliance on renewables to 24 percent of its energy mix by 2030.

With one-gigawatt (GW) of solar energy assets,including utility-scale,commercial and industrial,ORIX is the largest solar asset manager in Japan. It also develops and operates its own rapidly growing fleet of solar farms that currently generate 420 megawatts (MWs) in utility,including the Niigata Yotsugoya Power Plant (55.6 MWs),the Shiriuchi Mega Solar 20M Power Plant (24 MWs),and the Hirono-Cho Mega Solar Photovoltaic (PV) Plant (24.3 MWs). ORIX's OR Yamaguchi Mine Solar Power Plant (56.4 MWs),for instance,is scheduled to commence operations in October 2021.

The partnership with Envision Digital will involve the deployment of Ensight™ Solar and Enlight™ Solar,the company's cloud-based advanced analytics and remote monitoring solutions. By leveraging Ensight Solar's algorithms,which proactively detects emerging system underperformance and component health issues from raw data and delivers recommendations for corrective action,OREM's operations and maintenance (O&M) teams can visualise power generation conditions and pre-emptively maintain the long-term efficiency and health of its PV assets.

Enlight Solar then overlays real-time remote operational monitoring capabilities across ORIX's diverse portfolio of distributed PV sites,allowing OREM's O&M teams to provide immediate recovery support in the event of malfunctions and maximise power generation capacity. Both solutions are powered by EnOS™,Envision Digital's AIoT operating system.

Yurita Kazuhisa,Chief Strategy Officer,ORIX Renewable Energy Management Corporation,said: "With Envision Digital's end-to-end solution and expertise,OREM can provide total customer support – from proposals to implementation to maintenance,which in turn helps our customers optimise energy use and reduce costs. This reinforces our dedication toward expanding renewable energy-based power generation and asset management,supporting the popularisation of renewable energy,and adding value to our communities in Japan."

Sylvie Ouziel,International President,Envision Digital,said: "Japan is one of the fastest-growing nations and leaders in the global PV market. As the country strives to achieve 24 percent renewable energy capacity by 2030,AIoT projects like this,which help to improve the productivity of existing renewable energy assets,are vital. Over time,the wider adoption of AIoT in the sector will create further network effects and amplify current benefits. This local project,among others,along with our recent expansion of operations with a new office in the Kanagawa prefecture,reinforce our commitment toward empowering a more sustainable future for citizens and businesses in Japan."

About Envision Digital:

Envision Digital is a global AIoT technology leader headquartered in Singapore,with more than 500 employees across 12 offices in China,France,Germany,Norway,the Netherlands,the United Kingdom,and the United States.

Envision Digital owns EnOS™ – the world-class AIoT operating system that currently connects and manages more than 63 million smart devices and 120 gigawatts of energy assets globally. Its monitoring,advanced analytics,forecasting,and optimising applications provide insights to help clients better manage their assets and portfolio performance. Its offering extends to Smart Renewables (Solar,Wind); Smart Cities; Connected Energy; and Smart Plants – partnering governments and companies in their digital transformation journey.

As a major player in AIoT operating systems,Envision Digital is growing an ecosystem of partners to enable energy and digital transformation globally. Its growing list of more than 250 customers and partners spans 10 industries and includes: Accenture,Amazon Web Services,GovTech Singapore,Keppel,Microsoft,Nissan,PSA International,PTT,Sonnen,Tableau and Total.

For more information,please visit www.envision-digital.com

About ORIX:

ORIX Corporation (TSE: 8591; NYSE: IX) is a financial services group that provides innovative products and services to its customers by constantly pursuing new businesses.

Established in 1964,from its start in the leasing business,ORIX has advanced into neighbouring fields and at present has expanded into lending,investment,life insurance,banking,asset management,automobile related,real estate,and environment and energy related businesses. Since entering Hong Kong in 1971,ORIX has established locations in 37 countries and regions across the world.

Moving forward,ORIX intends to utilise its strengths and expertise,which generate new value,to establish an independent ORIX business model that continues to evolve perpetually. In this way,ORIX will engage in business activities that instil vitality in its companies and workforce,thereby contributing to society.

For more information,please visit:https://www.orix.co.jp/grp/en/