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Chubu Electric Power
Chubu Electric Power

Energy / Electric Utilities

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Overview
some authorized documents
Chubu Electric Power Co., Inc. is a Japanese electric utility company headquartered in Nagoya, Japan. It is one of the 10 largest electric companies in the world, and one of the five largest in Japan.
The company was founded in 1951 with the merger of Nagoya Dento, Nagoya Electric, and Aichi Electric, becoming the sole electric power provider for the Chubu region (which includes the major cities of Nagoya, Shizuoka, and Toyohashi).
Chubu Electric Power is primarily involved in the generation, transmission, and distribution of electricity, as well as energy-related services such as financing and research and development.
The company is publicly traded on the Tokyo Stock Exchange and has a diverse group of shareholders, including large corporations, financial institutions, and individual investors.
Some important documents related to and authorized by Chubu Electric Power include its Annual Report, which provides an overview of the company's financial performance, business strategies, and corporate governance; its Sustainable Development Report, which outlines the company's efforts to contribute to a sustainable society; and its Articles of Incorporation, which govern the company's operations and management.
Chubu Electric Power is also required to comply with various laws and regulations, such as the Electricity Business Act and the Act on the Rational Use of Energy, and regularly submits reports and disclosures to government agencies, such as the Ministry of Economy, Trade and Industry.
The company has a strong commitment to social responsibility and sustainability, with initiatives in areas such as renewable energy, energy efficiency, and community engagement. It also conducts regular safety and environmental assessments to ensure the well-being of its customers and stakeholders.
What is special about the company?
1. Long history: Chubu Electric Power Company has a long history dating back to 1951, making it one of the oldest electricity companies in Japan.
2. Large customer base: As of 2020, Chubu Electric Power Company has over 16 million customers, making it one of the largest electric companies in the world.
3. Renewable energy focus: Chubu Electric Power Company has been actively investing in and promoting renewable energy sources, such as wind, solar, and hydro power. They have set a goal to increase their renewable energy supply to 30% by 2030.
4. Diversified business areas: In addition to electricity generation and distribution, Chubu Electric Power Company has expanded into other business areas, such as gas supply, telecommunications, real estate, and insurance.
5. Investment in technology: Chubu Electric Power Company is investing in cutting-edge technologies, such as smart grids, to improve efficiency and optimize its operations.
6. Disaster response: Chubu Electric Power Company has a strong record of quick response and recovery in the face of natural disasters, such as earthquakes and typhoons.
7. Environmental initiatives: Chubu Electric Power Company has implemented various initiatives to reduce its environmental impact and actively participates in regional environmental conservation activities.
8. International partnerships: The company has formed partnerships with other international energy companies to share knowledge and resources and promote global sustainable growth.
9. CSR initiatives: Chubu Electric Power Company is committed to corporate social responsibility (CSR) and has implemented various initiatives focusing on community development, education, and social welfare.
10. Industry recognition: Chubu Electric Power Company has received recognition for its excellence in various areas, such as sustainability, safety, and corporate governance, by reputable organizations and publications.
What the company's business model?
Chubu Electric Power Co., Inc. is a Japanese electric utility company that operates in the Chubu region of central Japan. Its primary business model revolves around the generation, transmission, and distribution of electricity to residential, commercial, industrial, and other customers.
1. Generation:
The company has a diverse portfolio of power plants, including thermal, hydro, nuclear, and renewable energy sources. Chubu Electric strives for a balanced energy supply mix to ensure a stable and reliable power supply for its customers.
2. Transmission and distribution:
Chubu Electric operates a vast transmission and distribution network that transports electricity from power plants to homes and businesses. The company also invests in updating and maintaining its infrastructure to ensure the safe and efficient delivery of electricity.
3. Retail:
Chubu Electric sells electricity directly to customers, including households, small and medium-sized businesses, and large industries. The company offers various pricing plans and services to meet the diverse needs of its customers.
4. Wholesale:
Chubu Electric also engages in the buying and selling of electricity on the wholesale market, which allows the company to optimize its electricity supply and manage costs.
5. Overseas business:
The company has expanded its operations globally through investments in power projects and energy-related businesses in various countries, including the United States, Thailand, and Indonesia.
6. Research and development:
Chubu Electric invests in research and development activities to develop new technologies and improve the efficiency and effectiveness of its operations. These efforts include projects related to energy storage, smart grid systems, and renewable energy sources.
7. Energy-related services:
The company offers various services related to energy use, including home energy management, energy consulting, and energy-solution provision, to promote energy efficiency and sustainability.
In summary, Chubu Electric's business model is centered around providing reliable and affordable electricity to its customers while also investing in innovation and expanding its reach globally.
Interesting facts about the company
1. Chubu Electric Power is the third-largest electric utility company in Japan, serving over 16 million customers in central Japan.
2. The company was founded in 1951 and is based in Nagoya, Japan.
3. Chubu Electric Power is a vertically integrated utility company, meaning it generates, transmits, and distributes electricity to its customers.
4. The company’s power generation portfolio includes a mix of thermal, hydro, nuclear, and renewable energy sources.
5. Chubu Electric Power’s main source of electricity is nuclear power, with five nuclear power plants providing about 40% of its total electricity production.
6. The company has also invested in renewable energy, including solar, wind, and hydro power, with a goal to increase its renewable energy capacity to 7.5 million kilowatts by 2030.
7. Chubu Electric Power operates the world’s largest floating offshore wind farm, located off the coast of Fukushima in Japan.
8. The company has a strong focus on environmental sustainability and has set a target to reduce its greenhouse gas emissions by 50% by 2030.
9. Chubu Electric Power is also involved in other businesses such as gas distribution, real estate, and telecommunications.
10. In addition to its operations in Japan, the company has expanded its business overseas, with investments in energy projects in Australia, Thailand, and Malaysia.
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