Nippon Electric Glass Co., Ltd. has concluded a VPPA (Virtual Power Purchase Agreement) for the first time with a renewable energy power generator. A VPPA is a means for a consumer to virtually obtain only the environmental value of renewable electricity generated outside the consumer's premises. It is a new way to introduce renewable electricity that became possible in Japan in 2022.

What it aim to obtain with this initiative will be the environmental values derived from new solar power plant being built in Mie Prefecture by a power generator, and the actual CO 2 reduction effect will be approximately 770t-CO2 per year. To achieve carbon neutrality by 2050, NEG has prepared an action plan for reducing CO 2 emissions and is promoting various initiatives. The conclusion of this VPPA is part of those efforts.

The group will continue to expand the use of all-electric melting to more products and promote the development of technologies that contribute to carbon neutrality, as well as help prevent global warming by procuring renewable electricity and obtaining environmental values both internally and externally. 1. Power plant type: Solar power generation 2. Planned power plant sites: 5 locations in different areas of Mie Prefecture, including Matsusaka City 3. Scheduled start of power March 2024 generation: 4. Contract period: 20 years 5. Annual power generation Approx. 1.8 GWh (equivalent to the annual electricity forecast: consumption of approx.

400 general households).