Business Scheme of Ena Electric Power
Business Scheme of Ena Electric Power

Press release -

Notice Regarding Establishment of Ena Electric Power to Achieve a Zero-Carbon City

Ena City
NGK INSULATORS, LTD.
Chubu Electric Power Miraiz Co., Inc

First Regional Power Producer and Supplier in Gifu Prefecture Through Municipal Government Investment

Ena City (Mayor: Takane Kosaka), NGK INSULATORS, LTD. (hereinafter “NGK”), and Chubu Electric Power Miraiz Co., Inc. (hereinafter “Chubu Electric Power Miraiz”) announced today that they have concluded a shareholders’ agreement concerning the establishment of a regional power producer and supplier. Ena Electric Power Co., Ltd. (hereinafter “Ena Electric Power”) will be established within this month and launch an electricity retail business beginning in April 2022.

Ena Electric Power will independently install and own photovoltaic equipment (hereinafter “PV”) on the roofs of public facilities or in unused plots of land in Ena City and NAS® batteries in unused plots of land in Ena City (hereinafter “NAS batteries”) for energy storage without relying on the Feed-in Tariff system (FIT system) .

The electricity generated through those PV and other methods will be supplied to public facilities and to AKECHI INSULATORS, LTD., an NGK Group company located in Ena City. This will contribute to regional revitalization through local production and local consumption of energy and to decarbonization in Ena City. At the same time, Ena Electric Power will aim to construct a system to utilize the PV and NAS batteries it owns as power sources for disaster prevention during emergencies such as natural disasters and work to strengthen capabilities to respond to natural disasters, which have been growing increasingly severe in recent years.

NGK, Ena Electric Power and Chubu Electric Power Miraiz will steadily move ahead with this public-private partnership, the Ena Model.

Ena Model: Maximizing introduction of renewable energy using PV and NAS batteries/ Strengthening capabilities to respond to natural disasters

  • Utilization of independent renewable energy that does not use the FIT system
  • Corporate operation with highly stable management due to construction of a system that maximizes PV and NAS battery capacity and acquisition of equivalent power sources
  • Provide PV and NAS batteries as a power source to regional disaster prevention bases during power outages caused by factors such as natural disasters, and strengthen capabilities to respond to natural disasters
  • Work on expanding supply of power to businesses that share Ena Electric Power’s philosophy and build a system to reinvest business earnings into introducing new renewable energy

Ena Electric Power will combine the knowledge of NGK, cultivated over many years as a manufacturer of storage batteries, with Chubu Electric Power Miraiz’s expertise on energy. The company will work on maximizing introduction of renewable energy for Ena City and achieve a carbon-neutral and decarbonized society by 2050, as proposed by the Japanese government.

Overview of Ena Electric Power

Name

Ena Electric Power Co., Ltd.

Address

Located within the Akechi Promotional Office at 843-1 Akechi-cho, Ena, Gifu Prefecture

Representative

President and CEO Masayoshi Muramoto (planned)
( General Manager Project management Department, Energy Storage Division, Energy Infrastructure Business Group, NGK)

Business details
  1. Electricity retail business for consumers
  2. Generation and sales of electricity through renewable energy such as PV
  3. Service business to expand use of renewable energy
  4. Planning for consulting, proposals and sales activities required for each aforementioned business
  5. Joint research and system development required for each aforementioned business
  6. Business associated with and related to the above

Capital

¥80 million

Investment ratio

NGK: 75.0%, Ena City: 12.5%, Chubu Electric Power Miraiz: 12.5%

Establishment

April 14, 2021 (planned)

Operation start

April 1, 2022 (planned)


*Click here for more details regarding Overview of Ena Electric Power Co., Ltd.

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About NGK Insulators

NGK Insulators (NGK) is a leading company in the field of ceramics. Since its foundation in 1919, NGK has used its unique ceramic technology to provide numerous ground-breaking products that solve social issues. Today, NGK is active in more than 20 countries worldwide, with business foci including mobility, energy, IT and industry.

As one of the largest manufacturers of ceramic substrates for automotive catalytic converters, NGK is actively reducing the strain on our global environment. Furthermore, NGK’s products include the energy storage system “NAS” battery, in addition to the compact, thin and high-energy-density lithium-ion rechargeable “EnerCera” battery line, vital tools for sustainable energy infrastructure.

Through providing innovative, high-quality products, NGK is committed to contributing to our society. In order to create a future where people can coexist with nature, we will continue to develop and provide products that support social infrastructure while preserving the environment. 

Contacts

Aki Sawafuji

Press contact Corporate Communications Department

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As one of the largest manufacturers of ceramic substrates for automotive catalytic converters, NGK is actively reducing the strain on our global environment. Furthermore, NGK’s products include the energy storage system “NAS” battery, in addition to the compact, thin and high-energy-density lithium-ion rechargeable “EnerCera” battery line, vital tools for sustainable energy infrastructure.

Through providing innovative, high-quality products, NGK is committed to contributing to our society. In order to create a future where people can coexist with nature, we will continue to develop and provide products that support social infrastructure while preserving the environment.

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