Potential offtaker

Tokyo Electric Power Company Holdings, Incorporated

www.tepco.co.jp

Estimated electricity consumption

N/A

Countries of production presence

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Tokyo Electric Power Company (TEPCO) is a Japanese company that operates in the Integrated Electric Utilities sector. The company is headquartered in Tokyo, Japan, and was founded in 1951. TEPCO is one of the largest electric utilities in Japan, providing electricity to millions of customers across the country.

TEPCO is committed to decarbonisation and reducing its carbon footprint. The company has set a target to reduce its CO2 emissions by 50% by 2030, compared to its 2013 levels. To achieve this goal, TEPCO is investing in renewable energy sources such as solar, wind, and hydro power. The company is also exploring new technologies such as carbon capture and storage to further reduce its carbon emissions.

TEPCO is also committed to promoting corporate energy and helping its customers to reduce their energy consumption. The company offers a range of energy-saving solutions and services, including energy audits, energy management systems, and energy-efficient lighting. TEPCO also provides advice and guidance on how to reduce energy consumption and improve energy efficiency.

One of the ways that TEPCO is promoting renewable energy is through corporate power purchase agreements (PPAs). A corporate PPA is an agreement between a company and a renewable energy provider, where the company agrees to purchase a certain amount of renewable energy from the provider over a set period of time. TEPCO has signed several corporate PPAs with companies in Japan, including Sony, Panasonic, and Hitachi. These agreements help to promote the development of renewable energy and reduce the carbon footprint of both TEPCO and its customers.

TEPCO is also investing in renewable energy projects around the world. The company has a number of solar and wind power projects in Japan, as well as in other countries such as the United States and India. TEPCO is also exploring new technologies such as hydrogen fuel cells and geothermal energy to further expand its renewable energy portfolio.

In addition to its renewable energy investments, TEPCO is also investing in energy storage solutions. Energy storage is an important technology for integrating renewable energy into the grid, as it allows excess energy to be stored and used when needed. TEPCO is investing in a range of energy storage technologies, including lithium-ion batteries, flow batteries, and compressed air energy storage.

TEPCO is also working to improve the resilience of its energy infrastructure. The company has implemented a range of measures to protect its power plants and transmission lines from natural disasters such as earthquakes and typhoons. TEPCO has also developed a smart grid system that allows it to better manage its energy supply and demand, and to respond quickly to any disruptions in the grid.

In conclusion, Tokyo Electric Power Company (TEPCO) is a Japanese company that operates in the Integrated Electric Utilities sector. The company is committed to decarbonisation and reducing its carbon footprint, and is investing in renewable energy sources such as solar, wind, and hydro power. TEPCO is also promoting corporate energy and helping its customers to reduce their energy consumption. The company has signed several corporate power purchase agreements (PPAs) with companies in Japan, and is investing in renewable energy projects around the world. TEPCO is also investing in energy storage solutions and improving the resilience of its energy infrastructure.

✓ Declared Net Zero commitment