The story
October 1, 1980 - In response to the energy crises of 1973 and 1978, the New Energy and Development Organization is established under the Law Concerning the Promotion of the Development and Introduction of Alternative Energy to develop fossil fuel alternative energy technologies in order to stabilize world energy supplies and reduce Japan's dependency on imported energy sources.
October 1, 1988 - Reorganized and scope of activities is expanded to include the research and development of industrial technologies. Name is changed to New Energy and Industrial Technology Development Organization (acronym remains NEDO).
October 1, 2003 NEDO becomes an Independent Administrative Institution
2005 - NEDO Pavilion at Expo 2005, shares the results of many NEDO funded and managed R&D projects, including solar photovoltaic, fuel cell and robotic technology.
2010- NEDO and Hokkaido University developed a motor using magnets which are commonly used in electronics parts to lessen the burden of utilizing rare earth minerals.
On march 19th 2017 a memorandum of understanding was signed to build a large-scale hybrid battery system demonstration project in Germany. The project aims to stabilize the distribution grid, and thereby control the electric power supply and demand balance, by charging and discharging storage batteries, and to establish a new business model for electricity trading using the battery system.
From Wikipedia’s article on New Energy and Industrial Technology Development Organization, shared under CC BY-SA 4.0.4