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Basf Power Purchase Agreement

Nagoya, Japan and Ludwigshafen, Germany, June 11, 2019 – BASF New Business GmbH (BNB), a wholly-based subsidiary of The German chemical group BASF, and Japanese ceramics manufacturer NGK INSULATORS, LTD. (NGK) today announced the conclusion of a Distribution Partnership Agreement (SPA). The agreement gives BNB non-exclusive rights to sell NGK`s NAS battery through BASF`s global channels. Both partners expect a synergy effect from the large commercial activities on the other. WindEurope and SolarPower Europe will organise, in collaboration with RE100 and with the support of CEFIC, the first PPA event on renewable energy, RE-Source 2017, from 10 to 11 October 2017 in Brussels. Major energy consumers and renewable energy players will meet with policy makers to ensure that Europe fully exploits the benefits of a competitive and reliable renewable energy supply to fuel its economy. Find out more here. Amazon has announced three major renewable energy contracts, including the largest purchase of wind power in Europe, as it insists on buying 100% renewable energy from its global business by 2030. The NAS battery system supports the increasing integration of fluctuating renewable energy sources such as wind and solar into the grid. It also allows the transmission update to be postponed, as the current should not be transferred immediately after production, but can be unloaded upon request.

In addition, NAS batteries are used to stabilize power and backup power for industrial customers and micro-grids/off. With these applications, the nAS battery helps reduce energy costs and pollution. NGK is the world`s largest manufacturer of electrical insulation, including 1000 kV ultra-high voltage insulators and substation insulators, and has a 100-year history. With proprietary ceramic technology, NGK helps protect the environment and offers a wide range of products and technologies in the “Triple E” growth areas: energy, ecology and electronics. NGK is also one of the largest manufacturers of ceramic catalysts (HONEYCERAM) and diesel particulate filters (DPF) for automotive catalytic converters. NGK is also the world`s leading manufacturer in the commercialization of high energy storage capacity (nas) that has overturned the traditional wisdom “Power cannot be saved.” What`s different? The ramp-up of enterprise contracts for the purchase of renewable energy (PPA) has been a changer that offers energy-intensive consumers a cheap, clean and reliable supply of electricity. The numbers speak for themselves. Last year, 1.5 GW of renewable energy was delivered to companies under the PPAs compared to 74 MW four years ago in Europe. Amazon has entered into a sales contract (PPA) to purchase renewable electricity from a 50 MW Amazon wind farm on the Kintyre Peninsula in Scotland.

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