News Release

Epson to Transition to 100% Renewable Electricity at All Sites in Nagano Prefecture

- Epson to use CO₂-free Shinshu Green Electricity produced in Nagano -

- TOKYO, Japan, March 26, 2021 -

Seiko Epson Corporation (TSE: 6724, "Epson") will transition to 100% renewable electricity at all Epson sites1 in Nagano prefecture from April 1 by expanding the use of CO2-free Shinshu Green Electricity produced locally in Nagano Prefecture using Nagano Prefectural hydroelectric power.

In April 2020, Epson began using Shinshu Green Electricity procured from Chubu Electric Power Miraiz Company, Inc. at its Head Office in Suwa and at two large sites in Shiojiri: the Hirooka Office, where the majority of printer development work is conducted, and the Shiojiri Plant, a watch development and production site. By expanding the use of Shinshu Green Electricity to its other sites in Nagano Prefecture, Epson will have transitioned to 100% renewable energy at all its 13 sites1 within the prefecture. As announced on March 16, Epson's goal is to meet all the Epson Group's power needs with 100% renewable electricity in 2023. This represents one step forward toward that goal.

By specifying the procurement of renewable electricity generated in Nagano Prefecture, Epson will not only reduce its own CO2 emissions but will also help to support actions aimed at expanding renewable electricity power sources in the prefecture and raise the renewable electricity supply rate.

Epson Group's plans to convert to 100% renewable electricity

April 1, 2021
All sites in Nagano prefecture1

End of March 2022
All Japanese sites1

2023
All sites worldwide

As stated in Epson's Environmental Vision 2050, which was revised on March 18, 2021, Epson seeks to become carbon negative and underground resource2 free. Accordingly, the company will invest approximately 100 billion yen on decarbonization, resource recycling, and environmental technology development over the next ten years. Epson will concentrate most of its management resources on the development of products and services that help to reduce environmental impacts and that also contribute to reducing the environmental impacts of its customers.

1 Excludes some sales sites and other leased properties, where the amount of electricity cannot be determined.
2 Free of non-renewable resources such as oil and metals

Shinshu Green Electricity Project

https://www.chuden.co.jp/english/corporate/releases/pressreleases/1201172_3991.html

This project seeks to contribute to local communities in Nagano Prefecture by utilizing the hydroelectric power generated at 17 locations in Nagano Prefecture, including the Miwa Power Station and Haruchika Power Station operated by the Nagano Prefecture Enterprise Bureau, and selling CO2-free and locally produced power within Nagano Prefecture and to metropolitan areas.

Epson's Environmental Activities

https://global.epson.com/SR/

About Epson
Epson is a global technology leader dedicated to co-creating sustainability and enriching communities by leveraging its efficient, compact, and precision technologies and digital technologies to connect people, things, and information. The company is focused on solving societal issues through innovations in home and office printing, commercial and industrial printing, manufacturing, visual and lifestyle. Epson will become carbon negative and eliminate use of exhaustible underground resources such as oil and metal by 2050.
Led by the Japan-based Seiko Epson Corporation, the worldwide Epson Group generates annual sales of around JPY 1 trillion.
global.epson.com/