Press Release

Press Release

Investment in ECOMMIT

October 17, 2024
Chubu Electric Power Co.,Inc.

Chubu Electric Power Co., Inc. (President and Director: Kingo Hayashi; hereinafter "Chubu Electric Power") today invested in ECOMMIT Co., Ltd. (Representative Director & CEO: Teruyuki Kawano; hereinafter "ECOMMIT"), a company that builds infrastructure for the rescue, evaluation, and re-distribution of discarded items for a recycling-oriented society.

Chubu Electric Power is engaged in the resource recycling business because we believe that we can respond to the issues and needs of local governments and customers by leveraging our strengths, including our ties with local communities, expertise in operating infrastructure facilities, and environmental technologies.
In this context, we concluded an agreement with ECOMMIT in February 2024 on business collaboration to realize the creation of a resource-recycling community, and as part of the "infrastructure supporting a resource-recycling lifestyle" in the Chubu area, we have been expanding the installation of PASSTO, unneeded item collection boxes for the resource recycling service, and promoting proposals for reused item collection services for municipalities.

Through this investment, Chubu Electric Power will further strengthen its partnership with ECOMMIT to accelerate the mechanism that leads to resource recycling and promote efforts to realize the optimal recycling of energy and resources by utilizing the traceability system, which is one of ECOMMIT's features and strengths.

Overview of ECOMMIT Co., Ltd.

Company Name

ECOMMIT Co., Ltd.

ECOMMIT Co., Ltd.

Teruyuki Kawano, Representative Director and CEO

Headquarters

2803 Mizuhiki-cho, Satsumasendai-shi, Kagoshima

Capital

1.12699 billion yen (including capital reserve)

Established

October 2008

Business Activities

Infrastructure & system development and reuse/recycling business for a recycling-oriented society

Website

ECOMMIT Co., Ltd. website

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