MINEBEA MITSUMI Inc.
Notice regarding Conclusion of Power Purchase Agreement at MinebeaMitsumi Cebu Plant
MinebeaMitsumi Inc. (Registered Head Office: Nagano, Representative Director, Chairman CEO: Yoshihisa Kainuma, hereinafter referred to as "MinebeaMitsumi") hereby announces that we have concluded a power purchase agreement (PPA) with TeaM Energy Corporation.
Through this PPA agreement and the large-scale solar power generation systems installed on the premises of the MITSUMI Cebu plant, which began operation in October 2023, 100% renewable energy is realized for the electricity consumption at the MinebeaMitsumi Group's two plants located in Cebu Island, Republic of the Philippines.
Aiming at our corporate philosophy "To contribute to realization of a sustainable, eco-friendly and prosperous society by providing better products, at a faster speed, in larger numbers, at a lower cost and by smarter means," we will continue to strive to further expand the use of renewable energy and build a sustainable society.
About TeaM Energy Corporation
TeaM Energy Corporation is one of the largest independent power producers in the Philippines. Established in 2007 as a joint venture between Tokyo Electric Power Company (TEPCO) and Marubeni Corporation (TEPCO's joint venture share was transferred to JERA in 2015), TeaM Energy Corporation is engaged in the power generation and power supply businesses.
MinebeaMitsumi is an INTEGRATED precision components manufacturer* that engages in the development, manufacture, and sale of mechanical and electronic devices and components such as motors, sensors, and semiconductors, with a focus on core technologies typical of ultra-precision machining. Our products include global market leading items such as miniature and small-sized ball bearings, which enable machines to rotate smoothly, for which we hold the highest share in the world**, and 1 cell protection ICs for lithium ion batteries. Our ultra-precision technologies are used in a wide range of fields, supporting people's lives in unseen ways, including home electronics such as air conditioners, vacuum cleaners, dryers, and gaming equipment, IT devices such as smartphones and computers, automobiles, aerospace products, and medical equipment.
* INTEGRATION means "combining" rather than "simple gathering" of the Company's proprietary technologies to evolve the "Eight Spears" of our core businesses and to create new products in various fields through the INTEGRATION of our advanced technology.
- ** According to MinebeaMitsumi
|Corporate Communications and Investor Relations Office
Product information, contact and other context are subject to change without prior notice.