Fleet EV Initiative LCC (hereinafter, “FEVI”), which was established as a joint venture company between Chubu Electric Power Co., Inc. (hereinafter, “Chubu Electric”) and Marubeni Corporation (hereinafter, “Marubeni”), hereby announces the launch of an EV bus operation service that has achieved effectively zero CO2 emissions. This service is part of the proof of concept for the optimal operation of an EV bus that has been conducted in Iida City, Nagano Prefecture since January 15th, 2021.

In operating this service, Chubu Electric Power Miraiz Co., Inc. will provide electricity with a non-fossil certificate derived from "Mega Solar Iida *1" as a CO2 free alternative *2, and will operate a “CO2 Zero Emission Bus”, which will emit virtually no CO2.

Through this operation, FEVI will endeavor to create new value for bus operators by verifying the CO2 reduction effect by charging the EV bus with electric power derived from renewable energy resources, and by evaluating the environmental value and market transactions.

* 1 Location: Iida City, Nagano Prefecture, Output: 1,000 kW, Estimated annual power generation: 1 million kWh (for about 320 ordinary households), Start of operation: January 2011
* 2 An alternative with CO2-free value derived from renewable energy power sources, which emit no CO2 during the power generation process.

This operation is based on the "Basic Agreement on Demonstration of Utilization of New Mobility for Regional Development" signed by Iida City (Mayor: Ken Sato), Shinnan Koutsu Corporation., Ltd. (President: Kazuo Nakajima) and Chubu Electric on February 14th, 2020.

FEVI will contribute to the realization of a sustainable society through the electrification of vehicles for logistics and transportation companies. The company will also contribute through CO2 reduction and will make proposals for BCP measures with the power storage function of electric vehicles and further utilization of renewable energy resources.

Period	April 1st, 2021 ~ March 31, 2022
Place	Shinnan Koutsu Corporation : Fixed route loop line bus in Iida City
Contents	Verification of CO2 reduction effect and viability by using renewable energy power source for electricity to charge to the buses.
Measure	Supplying electricity to EV buses by utilizing environmental value (FIT non-fossil certificate with tracking) derived from electricity generated by "Mega Solar Iida"
Role	【FEVI】 Organizing and control of this operation, detailed examination and execution of the operation. 【Shinnan Koutsu Corporation】 EV bus operation, providing operation data provision, etc.

＜Questions＞
Chubu Electric Power Co., Inc.	Corporate Communication Division	052-961-3582
Marubeni Corporation	Corporate Communications Dept.	03-3282-4209

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