Hokkaido Electric Power Company, Incorporated
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Hokkaido Electric Power Co. (HEPCO) is a Japanese company that operates in the Integrated Electric Utilities sector. The company is headquartered in Sapporo, Hokkaido, Japan, and was founded in 1951. HEPCO is responsible for generating, transmitting, and distributing electricity to customers in Hokkaido, Japan's second-largest island. The company serves approximately 2.6 million customers and has a generating capacity of 9,070 MW.
HEPCO is committed to decarbonisation and has set a target to reduce its greenhouse gas emissions by 80% by 2050, compared to 2013 levels. To achieve this goal, the company is investing in renewable energy sources such as wind, solar, and hydro power. HEPCO is also exploring the use of carbon capture and storage (CCS) technology to reduce its emissions from fossil fuel-based power generation.
One of HEPCO's key initiatives to promote renewable energy is the Corporate PPA (Power Purchase Agreement) program. Under this program, HEPCO offers long-term contracts to corporate customers who want to purchase renewable energy. The program enables corporate customers to reduce their carbon footprint and meet their sustainability goals while supporting the growth of renewable energy in Hokkaido.
HEPCO is also investing in corporate energy solutions to help its customers reduce their energy consumption and costs. The company offers a range of services, including energy audits, energy management systems, and energy-saving equipment, to help customers improve their energy efficiency.
HEPCO's commitment to decarbonisation and renewable energy is reflected in its investment in wind power. The company operates several wind farms in Hokkaido, including the 121 MW Tomamae Wind Farm, which is one of the largest onshore wind farms in Japan. HEPCO is also developing a 257 MW offshore wind farm off the coast of Hokkaido, which is expected to be operational by 2024.
In addition to wind power, HEPCO is investing in solar power. The company operates several solar power plants in Hokkaido, including the 2.6 MW Kamikawa Solar Power Plant. HEPCO is also developing a 30 MW solar power plant in the town of Sunagawa, which is expected to be operational by 2023.
HEPCO's commitment to renewable energy is also reflected in its investment in hydro power. The company operates several hydro power plants in Hokkaido, including the 120 MW Sorachi River Hydro Power Plant. HEPCO is also developing a 10 MW hydro power plant in the town of Shintoku, which is expected to be operational by 2022.
HEPCO's commitment to decarbonisation and renewable energy has earned the company several awards and recognitions. In 2020, HEPCO was awarded the "Gold Class" rating by the Sustainability Yearbook, which recognizes companies that demonstrate excellence in sustainability. HEPCO was also included in the Dow Jones Sustainability Asia Pacific Index for the fifth consecutive year in 2020.
In conclusion, Hokkaido Electric Power Co. (HEPCO) is a Japanese company that operates in the Integrated Electric Utilities sector. The company is committed to decarbonisation and renewable energy and has set a target to reduce its greenhouse gas emissions by 80% by 2050. HEPCO is investing in wind, solar, and hydro power, and is also offering Corporate PPA programs and corporate energy solutions to help its customers reduce their energy consumption and costs. HEPCO's commitment to decarbonisation and renewable energy has earned the company several awards and recognitions, and positions it as a leader in the transition to a sustainable energy future.