News Release
Notice of Conclusion of an “Agreement on the Development of Hydroelectric and Geothermal Power Generation” with Inawashiro Town, Fukushima Prefecture
October 1, 2021
Inawashiro Town, Fukushima Prefecture (Mayor: Isao Zengo) and IS Holdings Co., Ltd. (Head office: Chiyoda-ku, Tokyo; President and Representative Director: Shoji Endo; hereinafter “the Company”) have concluded an agreement on a comprehensive partnership (hereinafter “the Agreement”) under which the Company will carry out development with priority over other companies in the development of renewable energy in Inawashiro Town, Fukushima Prefecture, including hydroelectric power generation*1 and geothermal power generation*2.
The Agreement also includes provisions under which the Company will comprehensively take charge of the development of the area in front of Inawashiro Station and the revitalization of the hot spring area.
Following the conclusion of the Agreement, the Company will continue to live up to the trust placed in it by Inawashiro Town, focus on the development of hydroelectric and geothermal power generation, and work to solve the issues faced by the region.
*1 Hydroelectric power is one of the renewable energy sources and is a clean energy that does not emit CO2 when generating electricity. While other renewable energy sources such as solar and wind power are affected by weather conditions, hydroelectric power can generate electricity stably regardless of natural conditions, except for the risk of drought, and its output can be adjusted.
*2 Geothermal power is a renewable energy source with almost zero CO2 emissions that can generate electricity sustainably. It is also a “baseload power source” that can generate electricity stably regardless of weather and other natural conditions. In addition, the hot water used for power generation can be used for greenhouse cultivation and other purposes, which benefits the local economy.
Source: Agency for Natural Resources and Energy website
Inawashiro Town, Fukushima Prefecture website (in Japanese)
https://www.town.inawashiro.fukushima.jp/
The Agreement also includes provisions under which the Company will comprehensively take charge of the development of the area in front of Inawashiro Station and the revitalization of the hot spring area.
Following the conclusion of the Agreement, the Company will continue to live up to the trust placed in it by Inawashiro Town, focus on the development of hydroelectric and geothermal power generation, and work to solve the issues faced by the region.
*1 Hydroelectric power is one of the renewable energy sources and is a clean energy that does not emit CO2 when generating electricity. While other renewable energy sources such as solar and wind power are affected by weather conditions, hydroelectric power can generate electricity stably regardless of natural conditions, except for the risk of drought, and its output can be adjusted.
*2 Geothermal power is a renewable energy source with almost zero CO2 emissions that can generate electricity sustainably. It is also a “baseload power source” that can generate electricity stably regardless of weather and other natural conditions. In addition, the hot water used for power generation can be used for greenhouse cultivation and other purposes, which benefits the local economy.
Source: Agency for Natural Resources and Energy website
Inawashiro Town, Fukushima Prefecture website (in Japanese)
https://www.town.inawashiro.fukushima.jp/
