First Domestic Recipient of the "2026 Renewable Energy Markets™ Asia Awards"

Clean Energy Connect Co., Ltd. (President & CEO: Teppei Uchida), The Dai-ichi Life Insurance Company, Limited (President & Representative Director: Shunryo Sumino, hereinafter "the Company"), and The Toho Bank, Ltd. (President: Minoru Sato) are pleased to announce that their initiative for "24/7 Carbon-Free Energy (24 hours a day, 365 days a year carbon-free electricity) through an off-site corporate PPA (Power Purchase Agreement) combining solar power generation and storage batteries" for "TD Terrace Utsunomiya (Note 1)" has received the "2026 Renewable Energy Markets™ Asia Awards." This marks the first time a domestic company has received the "Renewable Energy Markets™ Asia Awards."

The "Renewable Energy Markets™ Asia Awards" is an international award organized by the US non-profit organization Center for Resource Solutions, recognizing companies, organizations, and individuals who contribute to the spread of renewable energy and the development of green electricity markets in the Asian region. It is widely recognized as one of the influential awards in the renewable energy market, and the selection process emphasizes not only innovativeness but also concrete market contributions, such as the potential for ripple effects to other companies.

This time, the initiative for "24/7 Carbon-Free Energy (24 hours a day, 365 days a year carbon-free electricity) through an off-site corporate PPA combining solar power generation and storage batteries" for "TD Terrace Utsunomiya" was highly evaluated as a new benchmark in this field, leading to the award. This initiative combines "power generation from renewable energy (solar power)" with "hourly matching (Note 4) of renewable energy electricity utilizing storage batteries" and "stable supply of renewable energy electricity through an off-site corporate PPA," thereby resolving the temporal supply-demand gap that was difficult to overcome with conventional renewable energy introduction. This has led to the construction of an advanced model that contributes to increasing the utilization rate of renewable energy and realizing 24/7 carbon-free electricity, proving its technical and operational effectiveness that can be deployed to other companies.

The Company will continue to contribute to the realization of a sustainable society by leveraging the knowledge gained from this initiative and continuously taking on innovative challenges.

◼️Key Points of the Award

Establishing a power procurement model that focuses not only on the "quantity" of renewable energy but also on its "time value (optimization of supply volume per hour according to demand)" by combining off-site corporate PPA with storage batteries.

Being a pioneering initiative in the market towards achieving 24/7 carbon-free energy.

Demonstrating the ability to increase the renewable energy ratio based on concrete data, proving its technical and operational effectiveness that can be deployed to other companies.

Note 1: Please see here for the news release on the completion of the mid-rise wooden office "TD Terrace Utsunomiya." (https://www.dai-ichi-life.co.jp/company/news/pdf/2022_045.pdf) Note 2: Off-site Corporate PPA (Power Purchase Agreement) is a method of electricity procurement that utilizes a scheme where solar power generation facilities are installed on land separate from the electricity demand facility, and the generated electricity is sent to the electricity demand facility along with its environmental value. Note 3: The concept of covering all electricity 24 hours a day, 365 days a year, with CO2-emission-free energy sources. Note 4: A method of linking carbon-free electricity generated during the same hour as electricity is consumed.