Potential offtaker

Noritz Corporation

www.noritzglobal.com

Estimated electricity consumption

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Countries of production presence

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Noritz Corporation is a Japanese company that specializes in the production and distribution of water heating equipment. Founded in 1951, the company has grown to become a leading player in the industry, with a strong reputation for innovation and quality. Noritz is committed to sustainability and has taken significant steps to reduce its carbon footprint and promote the use of renewable energy.

Decarbonisation is a key priority for Noritz, and the company has set ambitious targets to reduce its greenhouse gas emissions. In 2019, Noritz announced its "Noritz Carbon Zero 2050" initiative, which aims to achieve net-zero carbon emissions by 2050. The company has identified several key areas for action, including the promotion of energy-efficient products, the use of renewable energy sources, and the implementation of sustainable manufacturing practices.

One of the ways that Noritz is promoting the use of renewable energy is through the use of corporate power purchase agreements (PPAs). A corporate PPA is a long-term contract between a company and a renewable energy supplier, in which the company agrees to purchase a specified amount of renewable energy at a fixed price. By entering into a PPA, Noritz is able to secure a reliable source of renewable energy, reduce its carbon footprint, and support the growth of the renewable energy industry.

Noritz has also taken significant steps to reduce its energy consumption through the implementation of corporate energy management practices. The company has established an Energy Management Committee, which is responsible for developing and implementing energy-saving measures across the organization. These measures include the installation of energy-efficient lighting and HVAC systems, the optimization of production processes, and the use of renewable energy sources.

In addition to its commitment to decarbonisation and corporate energy management, Noritz is also focused on developing innovative products that promote sustainability. The company's range of water heating equipment includes products that are designed to be energy-efficient and environmentally friendly. For example, Noritz's tankless water heaters are up to 30% more energy-efficient than traditional tank-based systems, and they use less water, reducing the overall environmental impact.

Noritz is also exploring new technologies that have the potential to revolutionize the water heating industry. One of these technologies is the use of hydrogen as a fuel source for water heaters. Hydrogen is a clean and renewable energy source, and Noritz is working to develop water heaters that can run on hydrogen fuel cells. This technology has the potential to significantly reduce greenhouse gas emissions and promote the use of renewable energy.

In conclusion, Noritz Corporation is a Japanese company that operates in the water heating equipment sector. The company is committed to sustainability and has taken significant steps to reduce its carbon footprint and promote the use of renewable energy. Noritz's initiatives include decarbonisation, corporate energy management, corporate PPAs, and the development of innovative products that promote sustainability. With its strong reputation for innovation and quality, Noritz is well-positioned to lead the way in the transition to a more sustainable future.

✓ Re100 member
✓ Declared Net Zero commitment