Electric Power Development Co., Ltd.
EDRWY
Other OTC24.95
USD
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Electric Power Development Co., Ltd.
EDRWY
(Other OTC)
Recent
price
24.95
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Electric Power Development Co., Ltd., operating as J-POWER, serves as a prominent wholesale energy supplier in Japan and globally, managing diverse power generation and transmission assets. Its operations are broadly organized across domestic power production, international ventures, energy-related services, and other specialized businesses. The company engages in generating electricity through a comprehensive portfolio that includes hydroelectric, thermal, wind, geothermal, solar, biomass, and nuclear power sources. Beyond power generation, J-POWER oversees the intricate infrastructure for electricity transmission and transformation, maintaining an extensive network of power lines, substations, and converter stations. The company also provides a range of power-related services, encompassing technical consulting for energy facilities worldwide, sourcing and transporting fuels like coal, producing wood and biomass-derived fuels, selling fly ash, and offering engineering services for environmental equipment. Furthermore, J-POWER is expanding into new domains such as the data center business through strategic collaborations. Reflecting a strategic pivot toward decarbonization, J-POWER launched its "BLUE MISSION 2050" initiative to achieve carbon neutrality and foster a hydrogen society, focusing on expanding CO2-free power sources and advancing zero-emission thermal technologies like hydrogen power generation and carbon capture. This transition includes scaling down fossil fuel investments in certain regions, such as divesting most of its U.S. gas-fired power plants, and actively acquiring renewable energy assets, exemplified by the recent acquisition of Genex Power in Australia and a basic agreement to purchase Mitsubishi Heavy Industries' domestic onshore wind business. The firm is also at the forefront of developing floating offshore wind technology through industry collaborations. As of early 2023, J-POWER's domestic facilities include 61 hydroelectric plants with a combined capacity of 8,577 MW, 9 thermal power facilities totaling 8,810 MW, 21 wind power installations contributing 477 MW, and 2 geothermal facilities providing 38 MW. Its power transmission network extends over 2,410 kilometers, supported by multiple substations and converter stations. Globally, the company holds equity interests in numerous power generation projects across countries including Thailand, the United States, China, the Philippines, Australia, the United Kingdom, and Indonesia, contributing to a total owned generating capacity of over 26,000 MW. The company, initially established in 1952, continues to innovate from its headquarters in Tokyo, Japan.