- CEO
- Yasui Minoru
- Full Time Employees
- 22,700
- Sector
- Utilities
- Industry
- Electric utilities
- Address
- 1 Higashi-shincho Nagoya AIC Japan 461-8680
- IPO Date
- Aug 3, 1951
- Business
- Chubu Electric Power Company, Incorporated, alongside its various group entities, is a prominent energy provider primarily serving Japan's central Chubu region and engaging in diversified operations both domestically and globally. The company's comprehensive activities span electricity generation, transmission, distribution, and retail, catering to residential, commercial, and industrial clients. Its business structure encompasses three key segments: the Mirise segment focuses on providing integrated energy services, including electricity and gas sales, to customers; the Power Grid segment manages the robust power network infrastructure and related services; and the JERA segment, a 50:50 joint venture with Tokyo Electric Power Company, is responsible for fuel upstream activities, procurement, and wholesale power generation, with significant international operations in thermal power and LNG. Chubu Electric Power itself maintains direct interests in renewable energy development, nuclear power, and global business ventures. The company utilizes a broad array of energy sources for electricity generation, including thermal, nuclear, hydroelectric, wind, biomass, and solar facilities. Beyond its core utility functions, it actively participates in natural gas supply, energy management consulting, and the construction and manufacturing of equipment for electric utilities. Further expanding its portfolio, the group engages in real estate management, IT solutions, telecommunications, and investment activities. Demonstrating a commitment to sustainability, Chubu Electric Power aims to expand its renewable energy capacity by at least 3.2 GW by around 2030 and targets net-zero emissions by 2050 through initiatives such as offshore wind development and carbon capture, utilization, and storage studies. Recent strategic moves include investments in new growth areas like an offshore wind power department, a real estate business division, and partnerships for decarbonization and enhanced financial services. Chubu Electric Power Company, Incorporated, established in 1951, maintains its headquarters in Nagoya, Japan.