[Japan] Chugoku Electric Power Issued Chugoku Electric Power Network Management Vision 2030

On March 13, 2020, Chugoku Electric Power (‎EnerGia, Headquarters: Hiroshima City, Hiroshima Prefecture) issued the Chugoku Electric Power Network Management Vision 2030. The Management Vision 2030 addresses three key pillars: strengthening the power transmission and distribution business, developing new businesses, and contributing to regional revitalization by collaborating with the local community. In April 2020, Chugoku Electric Power Network will take over the power transmission and distribution business from EnerGia.

Chugoku Electric Power Network aims to achieve sustainable growth in the power transmission and distribution business by providing services that meet customer expectations, and by reforming its business structure in response to changes in the business environment, such as declining population, digitalization, the need for resiliency, and the introduction of renewable energy. Chugoku Electric Power Network will invest in advanced systems for operations and maintenance, cybersecurity, and monitoring to improve efficiency while maintaining a stable energy supply.

In order to develop new businesses, the company plans to collaborate with other companies in various fields such as IT, finance, and transportation. It will also explore the utilization of Artificial Intelligence (AI), Internet of Things (IoT), blockchain, Electric Vehicles (EV), and battery storage. Chugoku Electric Power Network will also focus on strengthening its two-way communication with the local community that it serves to better understand their needs and to support safe and resilient community development.[1] [2]

[1] http://www.energia.co.jp/press/2020/12365.html

[2] http://www.energia.co.jp/assets/press/2020/P200313-1a.pdf