Potential offtaker

Chubu Electric Power Co., Inc.

www.chuden.co.jp

Estimated electricity consumption

N/A

Countries of production presence

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Chubu Electric Power Co Inc is a Japanese company that operates in the Integrated Electric Utilities sector. It was founded in 1951 and is headquartered in Nagoya, Japan. The company is one of the largest electric power companies in Japan, serving over 10 million customers in the Chubu region of the country.

Chubu Electric Power Co Inc is committed to decarbonisation and reducing its carbon footprint. The company has set a target to reduce its CO2 emissions by 30% by 2030 compared to 2013 levels. To achieve this target, the company is investing in renewable energy sources such as solar, wind, and hydro power. In addition, the company is also exploring new technologies such as carbon capture and storage to reduce its emissions.

Corporate energy is another area where Chubu Electric Power Co Inc is focusing its efforts. The company offers a range of energy solutions to corporate customers, including energy consulting, energy management, and energy efficiency services. Chubu Electric Power Co Inc works with its corporate customers to develop customised energy solutions that meet their specific needs and help them reduce their energy costs.

Corporate PPA (Power Purchase Agreement) is another area where Chubu Electric Power Co Inc is making significant progress. The company has signed several corporate PPAs with large corporations in Japan, including Toyota, Panasonic, and Sony. These agreements allow the corporations to purchase renewable energy from Chubu Electric Power Co Inc at a fixed price over a long-term period. This provides the corporations with a stable and predictable source of renewable energy, while also supporting the development of renewable energy infrastructure in Japan.

Renewable energy is a key focus area for Chubu Electric Power Co Inc. The company is investing in a range of renewable energy sources, including solar, wind, and hydro power. Chubu Electric Power Co Inc has a total installed capacity of 2,500 MW of renewable energy, which accounts for approximately 10% of its total power generation capacity. The company is also exploring new technologies such as hydrogen fuel cells to further expand its renewable energy portfolio.

Chubu Electric Power Co Inc is also committed to promoting energy efficiency and conservation. The company offers a range of energy-saving services to its customers, including energy audits, energy-efficient lighting, and energy-efficient appliances. Chubu Electric Power Co Inc also provides information and education to its customers on how to reduce their energy consumption and carbon footprint.

In addition to its core business of providing electricity, Chubu Electric Power Co Inc is also involved in other areas such as telecommunications and real estate. The company operates a telecommunications business that provides mobile and fixed-line services in the Chubu region of Japan. Chubu Electric Power Co Inc also owns and manages a portfolio of real estate assets, including office buildings, commercial properties, and residential properties.

Chubu Electric Power Co Inc is a socially responsible company that is committed to making a positive impact on society and the environment. The company is actively involved in community development projects, including disaster relief and reconstruction efforts. Chubu Electric Power Co Inc also supports education and cultural activities in the communities it serves.

In conclusion, Chubu Electric Power Co Inc is a leading electric power company in Japan that is committed to decarbonisation and reducing its carbon footprint. The company is investing in renewable energy sources such as solar, wind, and hydro power, and is exploring new technologies such as carbon capture and storage and hydrogen fuel cells. Chubu Electric Power Co Inc is also actively involved in promoting energy efficiency and conservation, and is committed to making a positive impact on society and the environment.

✓ Declared Net Zero commitment