ABOUT US

The Origin Story of GPSS

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GPSS: Our History

Sustainable energy for a sustainable society. Our activities at GPSS are not a means to generate profit, but a methodology for the future, looking 10,000 years into the future. After working at Merrill Lynch, our founder, Masaaki Mezaki, spent a decade traveling around the world, asking himself, “What is happiness? What is necessary for people to live with a sense of fulfillment? ”

How the company was founded

Does Japanese society make people happy?

The defining moment came in Mezaki’s teenage years. While studying abroad in Europe, he was deeply struck by the way his peers lived their lives. Unlike Japan, where conformity often prevails, the culture he encountered valued individual expression. These young people were confident in their opinions and lived passionately, enjoying life to the fullest. It was then that a powerful question took root—Does Japanese society truly make people happy? This profound doubt would go on to shape the course of Mezaki’s future endeavors.

Conflicts felt at a major securities firm

After graduating from university, Mezaki joined Merrill Lynch, a leading global investment bank, with an eye toward starting his own business in the future. However, working at the forefront of the business world left him questioning capitalism itself. He was troubled by the money-driven mentality that dominated the financial industry. Was something essential being lost in the name of business and marketing? This moral conflict led Mezaki to leave Merrill Lynch after five years.

Guiding Principles of Life Found in 100 Countries Traveled

Mezaki embarked on a journey in search of life’s guiding principles. He trained in India, wandered through South America and Africa, and explored the world. What he discovered was a universal truth: every society exists to enable individuals to pursue happiness. But just as there are systems that foster happiness, there are those that stifle it. Determined to create a society where individuals can truly seek their own happiness, Mezaki resolved to dedicate his life to guiding Japan toward that vision. Thus ended a decade-long journey across more than 100 countries.

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How GPSS was created

Starting a business with clean energy to change society

As an international culture analyst, Mezaki was inspired by the connections he made and arrived at the idea of starting a business centered on sustainable energy that doesn’t burden the planet. His vision was to create a platform where unique individuals could thrive, using the company as a stage. The ultimate goal: solving Japan’s energy challenges while pursuing a business model that promotes happiness for both individuals and society. In 2012, this vision led to the establishment of Japan Mega Solar Development Inc., the predecessor of GPSS.

Growth and Struggles in Development Contracting

It all started in Hokkaido, Japan. It was a DIY solar power plant built with a few friends in the middle of a snowstorm. Gradually, the team grew, and the company’s performance steadily increased. However, at that time, the main focus was on developing and constructing power plants as a contractor. While selling the completed power plants generated profits, the business model felt no different from conventional approaches. This raised a dilemma: despite the company’s growth, would it eventually lead back to the same frustrations Mezaki had experienced in the financial industry? This inner conflict began to take hold.

Shift to power plant operations with finance as a weapon

The turning point came from Mezaki’s past in finance, a field where he had once felt lost. In the company’s second year, a chance reunion led to the hiring of Kurata, a former colleague from his Merrill Lynch days and now the group’s Co-CEO. Kurata proposed a transformative idea: “By leveraging financial technology, we can own far more power plants.” This vision shifted the company’s focus from subcontracting to owning its own power plants. The business further expanded into new sectors, including geothermal, wind, hydro, and biogas energy. Today, the company owns nearly all the power plants it develops, including those held in joint ownership.

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The Future GPSS is Aiming for

“Sustainable Joint Venture.”

In most commercial activities, we inevitably face conflicts of interest. Pursuing one’s own gain often comes at the expense of the other party. This is why GPSS is committed to avoiding conflicts of interest wherever possible and striving to build a sustainable society. At the heart of this philosophy is our partnership with local communities. By leveraging cutting-edge technology and a wide range of expertise, GPSS transforms untapped natural resources in these regions into energy, laying the foundation for sustainable, self-reliant communities. Together with these communities, we operate power plants through joint ventures, ensuring shared benefits and growth. By jointly owning power plants with local stakeholders, we align the interests of the community, GPSS, and society in the same direction.

Transforming a Restrictive Japan from Within the Workplace

GPSS is deeply committed to sustainability within the company itself. A company is the smallest unit of society, and if work cannot bring fulfillment and happiness, a truly happy society cannot exist. To create a sustainable and joyful society through energy projects, we must also pursue fulfilling ways of working. The goal is to shift from “how things should be” to “how we want things to be” and to foster a culture that values freedom over rigid rules. The one guiding principle is the liberation of the “soul,” the smallest unit that defines the self.

To help employees connect with their inner selves and gain a deeper understanding of who they are, GPSS provides opportunities for open dialogue in various forms. Mezaki believes that the more we explore our inner worlds, the closer we come to understanding the universal truths of the world. As a result, each individual can channel their personal desires into energy for their work, turning passion into a meaningful contribution to society. GPSS remains on a long journey toward realizing this vision of an ideal future.
Ignite your soul, not the Earth.

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Our History

2012
October
Establishment of Japan Megasolar Inc.
2013
August
Takaoka First Solar Power Plant, commenced sale of electricity
2015
March
Establishment of Geothermal Development & Investment Inc. (GDI)
2016
April
GDI entered into sales agency contract with TICA
June
Establishment of CIS Japan Business Consulting Inc.
September
Establishment of Japan Wind-Power Service Inc. (JWS)
GDI entered into sales agency contract with Electra Therm
2017
June
Establishment of Mirai Society
December
Establishment of Japan Hydro-Power Development Inc. (JHD)
Establishment of GPSS Energy Product Inc.
2018
May
Establishment of Geoscience Enterprise Inc. (GSE)
August
Naruko Onsen ORC Power Plant, the first geothermal power plant by GPSS Group, Commenced selling electricity
October
Establishment of Japan Bio Methane Inc.
2019
January
JHD entered into sales agency contract with Mavel
June
Establishment of Sustainable Society Investment Management Inc. (SSIM)
September
GPSS Holdings Inc. attains a 4-Star GRESB Rating
November
Establishment of KTM Infrastructure Corporation
Establishment of GPSS Taiwan Co., Ltd
GPSS became the holdings company, with the aim of furthering growth:
The following company structure established: 

December
JWS entered into sales agency contract with AQSYSTEM
2020
March
GPSS Holdings Inc. entered into a capital and business alliance with JA Mitsui Leasing, Ltd.
April
JBM entered into partnership contract with BTS
May
GDI entered into sales agency contract with Nanjing TICA Thermal Technology
June
GDI entered into sales agency contract with LU-VE GROUP
July
First Green Bond issuance, GPSS Holdings Inc.
November
GPSS Holdings Inc. attains a 5-Star GRESB, the highest Rating
2021
June
Establishment of GPSS Innovation Capital Inc.
November
GPSS Holdings Inc. attains 5-star, the highest GRESB rating for the second consecutive year
2022
April
Sukawagawa power plant, the first small hydro power plant, commenced selling electricity
2023
February
GPSS Holding Inc. and wpd Japan Co. have announced a business alliance for onshore wind power generation projects in Japan.
December
Japan Bio Methane Inc. and Arsec Inc. merge to form of Arsec Bio Energy Inc.