Lotus Infrastructure Partners, LP and Chubu Electric sign agreement to form a strategic relationship

Chubu Electric Power Co., Inc. ("CHUBU"), a Japanese major power utility company, and Lotus Infrastructure Partners, LP ("Lotus"), a U.S.-based energy infrastructure investment firm, have reached an agreement to form a strategic relationship.

Lotus invests in promising energy infrastructure projects and related areas in the United States, across the power and energy molecules sectors.

CHUBU is working toward the realization of a decarbonized society by optimally combining its integrated assets and expertise across green and blue colored energy, power transmission and distribution, retailing, and emerging technologies.

Both companies will form a strategic relationship and leverage the synergy of their expertise in business development and infrastructure projects, seeking to contribute in the coming years to the growing energy infrastructure market in North America.

Hiroki Sato commented: I am very thrilled to work with Lotus whose professional approach is so well aligned with our strategy. This relationship represents a significant step in our journey of decarbonization.

Himanshu Saxena commented: We are very happy to work with CHUBU whose deep expertise in the power sector and strategic relationships open exciting opportunities for us.

Lotus Chairman and CEO Himanshu Saxena
CHUBU Division CEO of Global Business Hiroki Sato

Reference: Overview of Lotus Infrastructure Partners, LP

Reference: Overview of Chubu Electric Power Co., Inc.