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
Established Japan Megasolar Inc. (currently GPSS Engineering Inc.), marking the founding of GPSS.
2013
August
Started electricity sales from the Takaoka Solar Power Plant, the first solar power plant of GPSS Group.
2015
March
Established Geothermal Development & Investment Inc. (currently GDI Inc.).
Established Grid Parity Financial Solutions Inc.
2016
April
Geothermal Development & Investment Inc. (currently GDI Inc.) entered into a sales agency agreement with TICA.
September
Established Japan Wind-Power Service Inc.
2017
April
Japan Megasolar Inc. was renamed GPSS Holdings Inc.
June
Established Mirai Society, an agricultural land owning eligible corporation.
October
Established Satoyama Asset Management Inc.
December
Established Japan Hydro-Power Development Inc.
2018
May
Established Geoscience Enterprise Inc.
August
Started electricity sales from the Naruko Onsen ORC Power Plant, the first geothermal power plant of GPSS Group.
October
Established Japan Bio Methane Inc.(currently Arsec Bio Energy Inc.).
2019
January
Japan Hydro-Power Development Inc. entered into a sales agency agreement with MAVEL.
June
Established Sustainable Society Investment Management Inc.
September
Geoscience Enterprise Inc. entered into an agency agreement with Iceland GeoSurvey (ÍSOR) for Japan and Taiwan.
November
Reorganized the group structure and established the current GPSS Holdings Inc. as a new holding company.
The former GPSS Holdings Inc. was renamed GPSS Engineering Inc.
Established GPSS Taiwan Co., Ltd.
December
Japan Wind-Power Service Inc. entered into a sales agency agreement with AQSystem.
Geothermal Development & Investment Inc. (currently GDI Inc.) started sales of EXERGY’s medium/large‑scale binary turbines.
2020
March
GPSS Holdings Inc. entered into a capital and business alliance with JA Mitsui Leasing, Ltd.
July
GPSS Holdings Inc. issued its first green bond.
2021
April
Arsec Inc., which operates a biogas business, became a group company of GPSS.
June
Established GPSS Innovation Capital Inc.
2022
April
Started electricity sales from the Sukawagawa Small Hydropower Plant, the first small hydropower plant of GPSS Group.
September
Announced jointly with Osaka Gas Co., Ltd. and the Tokyu Corporation Group, the development of an off‑site corporate PPA model utilizing new medium- and small-sized solar power plants.
2023
February
GPSS Holdings Inc. and wpd AG Group announced a business alliance for onshore wind power generation projects in Japan.
December
Arsec Inc. and Japan Bio Methane Inc. merged to form Arsec Bio Energy Inc.
Geothermal Development & Investment Inc. renamed GDI Inc.
2025
June
GPSS Group and CYTOK GmbH entered into a licensing agreement to deliver innovative energy solutions in Japan and Taiwan.