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– Japan’s largest renewable energy procurement trial using a virtual PPA –
TOKYO, June 24, 2022 – (JCN Newswire) – Mitsubishi Corporation and Murata Manufacturing Co., Ltd. have agreed on a cooperative framework for working toward a carbon-neutral society.
This framework is being developed with the aim of achieving carbon neutrality at the global level, while introducing renewable energy at the company level to achieve a sustainable society. On the road to decarbonization, it is important to combine initiatives achievable in the short term (such as as constructing more renewable energy generation facilities) with more long-term goals (such as developing technologies that utilize hydrogen), to maintain a continuous, stable supply of renewable energy from diverse energy sources. To this end, companies with strengths in different areas must work together to pave the way for the next generation of energy: promoting efforts toward practical adoption, starting with real-world testing.
Cooperation details (four areas)
– Procurement of electricity from renewable energy sources by Murata
– Production and use of hydrogen at Murata’s plants in Japan
– Working together with local communities via the creation of autonomous, decentralized communities
– Regulating power through the use of storage batteries
Through this cooperation, Murata Manufacturing Group has agreed to procure 70,000 kW of power derived from renewable energy sources from Mitsubishi by 2025, another step toward our goal of using 100% renewable energy by 2050, and the specific details are currently being finalized. We will continue our discussions with Mitsubishi, with the aim of expanding the amount procured to 300 million kWh in the future. This cooperation is being concluded on the premise that the power is procured under the virtual power purchase agreement (virtual PPA) scheme that has just started in Japan. We will also continue to update our medium- and…
Full story available on Benzinga.com
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