Agreement signed on collaboration in decarbonization support and energy management for bus operators: EV charge switching device promotes widespread use of EV buses

Chubu Electric Power Co., Inc. (head office: Higashi-ku, Nagoya; President & Director: Kingo Hayashi; "Chubu Electric Power") and LECIP CORPORATION (head office: Motosu, Gifu Prefecture; President: Motoaki Kitano; "LECIP") have today signed an agreement ("this agreement") regarding collaboration in the areas of decarbonization support and energy management for bus operators.

The purpose of this agreement is to promote the electrification of vehicles at bus operators by the two companies working together to resolve issues related to charging when introducing multiple EV buses.

As part of this agreement, the two companies will conduct a demonstration test with bus operators who have adopted Chubu Electric Power's EV charging management system, "OPCAT®," (Note) to link it with LECIP's newly developed EV charge switching device and EV charge control system ("the switching device"). The goal is to begin service in the second half of fiscal year 2025.

Through the initiatives based on this agreement, the two companies will resolve issues faced by bus operators that support the lives of local residents, and contribute to both securing and maintaining sustainable regional public transportation and achieving carbon neutrality.

(Note) The service was launched in October 2023. (Press release issued on September 28, 2023)

Outline of initiatives based on this agreement

• Demonstration test for launching the switching device services
• Supporting and collaborating on the sale of the devices, systems, and services necessary for introducing and operating EV buses.
• Review of services that link bus operation management systems with energy management (including renewable energy and storage batteries)