In Japan, Tokorozawa City, Saitama Prefecture, has agreed to jointly develop a regional new power company with JFE Engineering Corporation, Hanno-Shinkin Bank and the Tokorozawa Chamber of Commerce and Industry with the aim of expanding renewable energy locally. The four partners have reached agreements to continue establishing the first new electric power company funded by Saitama Prefecture in FY2018.
According to a statement JFE Engineering, the main featured power source of this new power company will be renewable energy, including FIT electricity generated by a local waste-to-energy (WtE) power plant, and solar power plant. Moreover, it will wildly supply electric power not only directly to public facilities but also to companies with high voltage needs and to households with low voltage needs.
In 2014, Tokorozawa City drew up the “Machigoto Ecotown Tokorozawa Concept” and is now continuing with popularizing renewable energy regionally. Urban Energy Corporation, a wholly-owned subsidiary of JFE Engineering Corporation, with its own electric power supply-and-demand management system, successfully energetically developing many of regional new energy companies in cooperation with local governments and other local partners.
Together with Hanno-Shinkin Bank, which is contributing to the development of regional society by providing financial support to local businesses, and the Tokorozawa Chamber of Commerce and Industry, which promotes the growth of businesses in Tokorozawa City through encouragement of regional commerce and industry, the four partners are committed to providing energy at reasonable costs and reduce environmental loads to build a sustainable society.
