Toyota Green Energy Established to Conduct Renewable Energy Power Generation Business
April 03 2020 - 04:30AM
JCN Newswire (English)
Toyota Motor Corporation, Chubu Electric Power Co., Inc., and
Toyota Tsusho Corporation concluded an agreement today to establish
Toyota Green Energy LLP for the purposes of obtaining and managing
renewable energy sources in Japan and supplying electric power from
renewable energy sources to the Toyota Group in the future.
Toyota aspires to move toward a society where people, automobiles,
and nature can coexist in harmony. Under Toyota Environmental
Challenge 2050, Toyota plans to reduce the environmental impact
from automobiles to as close to zero as possible and at the same
time engage in activities that contribute to the global environment
and society. The clean energy to be supplied through this business
is expected to reduce CO2 emissions from plants and other
facilities to zero in the future and to contribute to the
realization of a low-carbon society.
Chubu Electric Power has been increasing the use of renewable
energy in its drive to expand the scope of ESG management and
contribute to resolving issues relating to SDGs. By participating
as a business partner in the activities of the Toyota Group to
create a low-carbon society, the company will contribute to
improving Japan's energy self-sufficiency rate and reducing CO2
emissions.
Toyota Tsusho has engaged in the renewable energy business for more
than 30 years, from development to operation of power stations,
with a focus on wind power and solar power generation. The company
plans to make use of its expertise in management of such business
in this project in order to foster the transition to a low-carbon
society.
Going forward, Toyota Green Energy will achieve sustainable and
competitive energy by maintaining sustainable practices through
cost reductions and extending the lifespans of and replacing
existing facilities.
About Toyota Motor Corporation
Toyota Motor Corporation (TMC) is the global mobility company that
introduced the Prius hybrid-electric car in 1997 and the first
mass-produced fuel cell sedan, Mirai, in 2014. Headquartered in
Toyota City, Japan, Toyota has been making cars since 1937. Today,
Toyota proudly employs 370,000 employees in communities around the
world. Together, they build around 10 million vehicles per year in
29 countries, from mainstream cars and premium vehicles to
mini-vehicles and commercial trucks, and sell them in more than 170
countries under the brands Toyota, Lexus, Daihatsu and Hino. For
more information, please visit www.toyota-global.com.
Source: Toyota Motor Corporation
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