Creating New Value Through Upcycling Existing Assets
First written in FY2022. 3 of 4 entries say "Advanced", first in FY2024. Latest entry: FY2026.
4 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「In converting to CO2-free hydrogen, we believe it is economically rational to utilize existing power plant infrastructure with largely depreciated book values while gradually incorporating the latest innovations through capital investment in upcycling.」
The company is developing the phased upcycling of existing power plant infrastructure as a common implementation approach for conversion to hydrogen and the sustained use of renewable energy. - 2026-05-27AdvancedGeneral Meetings of Shareholders
「In addition to expanding generating capacity through the construction and upgrading of facilities, we worked to improve operating rates and took other measures.」
The upgrading of existing power stations, increases in output and improvements in operating rates are described as measures implemented to increase electricity generated from renewable energy. - FY2024AdvancedAnnual report
「In converting to CO2-free hydrogen, we believe it is economically rational to utilize existing power plant infrastructure with largely depreciated book values while gradually incorporating the latest innovations through capital investment in upcycling.」
The company is developing the upcycling of existing assets as a common implementation approach for conversion to CO2-free hydrogen and the sustained use of renewable energy. - FY2022First statedAnnual report
「Rather than merely introducing new equipment, we will create new value through upcycling, including rebuilding assets already owned into higher-value assets. This will enable us to maintain a stable power supply, apply new technologies at an early stage on an economically rational basis, and reduce our environmental impact.」
The company has newly established a cross-functional strategy to introduce decarbonization technologies by utilizing existing facilities, including the NEXUS Sakuma Project at the Sakuma Power Station and the GENESIS Matsushima Plan at the Matsushima Thermal Power Station.