JERA Co., Inc. (“JERA”) and Kyushu Electric Power Co., Inc. (“Kyushu Electric”) have signed a memorandum of understanding concerning comprehensive discussions on collaboration aimed at achieving decarbonization and a stable supply of energy supply.
To date, JERA and Kyushu Electric have shared ownership of LNG carriers and, through group companies, cooperated in making fuel supply and demand adjustments through LNG trading. In addition, since FY 2022, we have also moved forward with discussions aimed at building and expanding supply chains for hydrogen and ammonia for use as fuels in power generation.
The memorandum of understanding further strengthens and expands our existing collaborative relationship by identifying the following areas for discussion to accelerate the achievement of decarbonization and a stable energy supply:
• Joint development of new power sources including renewable energy,
• Further strengthening of cooperation in making fuel supply and demand adjustments, and
• Acceleration of discussions aimed at building and expanding fuel hydrogen and ammonia supply chains.
In addition, as part of the development of new power sources under this memorandum of understanding, the companies have signed an agreement to transfer part of JERA’s equity stake in Goi United Generation LLC which is moving forward with replacement of the Goi Thermal Power Station (Ichihara-shi, Chiba-ken), to Kyushu Electric. The transfer is expected to be completed during October after going through the necessary formalities.
With the understanding of the local community and others involved, both companies will work to achieve decarbonization and a stable energy supply through initiatives taken under our comprehensive discussions on collaboration.
