Press Release Cosmo Energy Holdings Cosmo Oil Marketing

Cosmo to Begin Supplying 100% Renewable Energy-derived Electricity to Machida City’s Naruse Clean Center, Enabling a 12,300-ton Annual CO2 Reduction Across 67 Facilities

August 30, 2024
Cosmo Energy Holdings Co., Ltd.

Cosmo Oil Marketing Co., Ltd.
Machida City

 

Cosmo Energy Group company, Cosmo Oil Marketing Co., Ltd. (hereafter, “Cosmo Oil Marketing”), announced today that it will begin supplying 100% renewable energy-derived electricity to the Naruse Clean Center in Machida City starting September 1, 2024.


On January 24, 2022, Machida City declared itself an environmentally advanced city under the banner of “Zero Carbon City Machida,” aiming to reduce greenhouse gas emissions in FY2030 by 33% compared to FY2013 levels and to achieve net zero greenhouse gas emissions by 2050. Since March 2024, Machida City has introduced Cosmo Denki (Electricity) Business Green1, an electricity plan provided by Cosmo Oil Marketing, at 66 public facilities, including municipal elementary and junior high schools. As part of efforts to fulfill its declaration, the city will newly introduce the plan at the Naruse Clean Center, a wastewater treatment facility that is a vital component of local infrastructure.


Cosmo Denki (Electricity) Business Green is an electricity plan that provides virtually 100% renewable energy-derived electricity, endorsed by a non-fossil certificate with tracking information linked to a renewable energy source that falls under Japan’s Feed-in-Tariff (FIT) scheme, such as wind power generated by Cosmo Eco Power Co., Ltd., a Cosmo Energy Group company.

 

With the introduction of the plan at the Naruse Clean Center, approximately 27 million kWh2 of electricity consumed annually at 67 facilities in Machida City, including municipal elementary and junior high schools at which the plan has already been introduced, will be virtually 100% renewable energy-derived electricity. This equates to approximately 44% of all electricity consumed at public facilities in the city. In addition, the plan will enable an approximately 12,300-ton reduction in CO2 emissions per year.

 

Going forward, Cosmo Oil Marketing remains committed to supporting local governments and companies in reducing their environmental impact and will continue to undertake various initiatives toward the realization of a decarbonized society.

 

Naruse Clean Center

Naruse Clean Center

 

1. About Cosmo Denki (Electricity) Business Green

Cosmo Denki (Electricity) Business Green is a service that helps businesses achieve virtually zero CO2 emissions by providing them with added environmental value in the form of non-fossil certificates and other designated renewable energy certificates. Customers purchase such certificates with a value equivalent to or greater than their total annual sales volume as part of the electricity sales process, thereby receiving proof that all the electricity they use offers environmental value derived almost entirely from renewable energy sources. Since its launch in 2020, the service has been utilized mainly by corporations and local governments seeking to decarbonize their operations. Furthermore, Cosmo Zero Carbon Solution offers a one-stop solution that encompasses sales of renewable energy and complementary products like EVs.

Cosmo Denki (Electricity) Business Green

URL: https://www.cosmo-denki.com/business/low/green/  (available in Japanese only)

Cosmo Zero Carbon Solution

URL: https://www.cosmo-denki.com/business/lp/solution/  (available in Japanese only)

 

2. FY2022 actual electricity consumption

 

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(The official language for Cosmo Energy Group's filings with the Tokyo Stock Exchange and Japanese authorities, and for communications with our shareholders, is Japanese. We have posted English versions of some of this information on this website. While these English versions have been prepared in good faith, Cosmo Energy Group does not accept responsibility for the accuracy of the translations, and reference should be made to the original Japanese language materials.)