On the 23rd, five parties, including Urban Energy (Tsurumi Ward, Yokohama City, President: Atsushi Kobayashi), a wholly owned subsidiary of JFE Engineering, engaged in electricity-related businesses, announced the opening of an electricity retail company, "Hachimantai Geopower" (President: Taro Kawahara), in Hachimantai City, Iwate Prefecture. Established. Purchasing electricity derived from renewable energy from two geothermal power plants in the city and supplying it to local facilities will promote decarbonization in the region. This is said to be the first regional electric power company in the country with a geothermal power plant at its core. The project is scheduled to start construction in February 2025.
(From left) CEO Tadashi Hamadaira of Kitanihon Bank, President Kobayashi of Urban Energy, Mayor Takahiro Sasaki of Hachimantai City, Director and CEO Fumihiko Kikuchi of Iwate Bank, Toru Fujisawa, Vice President of Morioka Shinkin Bank (from press release)
The new company will be jointly invested by Urban Energy, Hachimantai City, and three local financial institutions. The capital is 50 million yen. The investment ratio is 85% by Urban Energy, 10% by Hachimantai City, 2% by Iwate Bank, 1.5% by Kitanihon Bank, and 1.5% by Morioka Shinkin Bank.
Hachimantai Geopower will send electricity generated at the city's Matsuo-Hachimantai Geothermal Power Plant and Appi Geothermal Power Plant to private businesses and public facilities, promoting local production and local consumption of renewable energy. Hachimantai City has the advantage of reducing the cost of electricity transmitted outside the region. The idea is to attract companies to the area, take advantage of the region's geothermal energy as a strength, and revitalize the northern part of Iwate Prefecture.
Iwate Bank, Kita Nippon Bank and Morioka Shinkin Bank, which have branches in the city, will introduce their respective decarbonization support combination products to electricity consumers in the city, thereby promoting the decarbonization of local companies and the sustainability of the region. sex.
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