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Chiyoda : Commencing Transactions*1 in the Electric Power Reserve eXchange Utilizing the Factory Facilities of a Large-lot Electricity Consumer*2
Chiyoda : Commencing Transactions*1 in the Electric Power Reserve eXchange Utilizing the Factory Facilities of a Large-lot Electricity
About this update from Chiyoda Corp.
[{"type":"text","content":"\n \n PRESS RELEASE\n \n \n Chiyoda Global Headquarters Minato Mirai Grand Central Tower 4-6-2, Minatomirai, Nishi-ku,\n \n \n Yokohama 220-8765, Japan https://www.chiyodacorp.com/en\n July 3rd, 2025\n \n \n \n Commencing Transactions*1in the Electric Power Reserve eXchange Utilizing the Factory Facilities of a Large-lot Electricity Consumer*2\n Having successfully completed the pre-assessment required, Chiyoda Corporation (Chiyoda) is pleased to announce the commencement of transactions in the Electric Power Reserve eXchange (EPRX)*3utilizing factory facilities of a large-lot electricity consumer (a manufacturing company listed on the Tokyo Stock Exchange Prime Market, hereinafter referred to as \"the Electricity Consumer\").\n \n \n \n Due to the rapid penetration of renewable energy resources such as solar power and wind power, maintaining the balance between power demand and supply solely through electricity generation facilities remains challenging. An imbalance between demand (consumption) and supply (generation) can result in frequency fluctuations, potentially leading to power outages and other such risks. In this context, EPRX plays a crucial role in ensuring the stability of the electricity system by utilizing flexibility*4on both the supply and demand sides.\n \n \n \n In the EPRX, technical requirements such as response time, response duration, and tolerance range are regulated to appropriately address fluctuations in electricity. Leveraging our expertise and successful track record in plant engineering to conduct a thorough analysis of the Electricity Consumer characteristics, we support them to maximize the potential value of their facilities while ensuring no adverse impact on product quality or safety, enabling the provision of flexibility to the EPRX. Chiyoda and the Electricity Consumer have confirmed that maintaining compliance with market requirements is achievable during operations and will now contribute to stabilizing the local power grid by optimizing operation of the factory facilities in cooperation with EPRX.\n \n \n \n Through its energy management business, Chiyoda will work with plant operators to stabilize the power system and promote the spread of renewable energy. As a comprehensive engineering company, Chiyoda offers a variety of solutions, such as energy storage, water electrolysis (Power to X)...