Limited Liability Partnership Founded to Operate Smart Community Project Toyota City, Japan, Feb 28, 2013 - (JCN Newswire) - The F-Grid* Ohira, Miyagi Limited Liability Partnership (LLP), represented by Toyota Motor Corporation (TMC), was founded today, and an inaugural meeting held in Sendai City, Miyagi Prefecture. TMC, Toyota-related companies, and corporations in the Second North Sendai Central Industrial Area in Ohira, Miyagi Prefecture are participants in the LLP that will operate a "smart community" project based around the F-Grid. The project mainly includes the provision of electric power and heating (including steam and hot water) to LLP members; commissioned equipment sales, leasing, maintenance and management; and the provision of electricity during times of large-scale disasters. In the future, the LLP will coordinate with Ohira Village while receiving support from national, prefectural, and other government authorities. Preparations are being made to begin provision of heating and electricity from April 1 of this year. The LLP aims to contribute to the creation of stable towns integrated with the region and industrial area, as well as to the promotion of regional industries and regional vitalization. Overview of the F-Grid Ohira, Miyagi Limited Liability Partnership - Establishment: February 28, 2013 - Location: 1 Chuodaira, Ohira-mura, Kurokawa-gun, Miyagi Prefecture (inside Toyota Motor East Japan, Inc.) - Capital: 946 million yen - LLP representative entity: Toyota Motor Corporation - LLP members (10 corporations) Toyota Motor Corporation Role: -- LLP business supervision -- Constructing an F-Grid Community Energy Management System(CEMS) Equity participation: 26.4% Toyota Motor East Japan, Inc. Role: -- LLP administration and operation -- Managing and operating F-Grid installed systems Equity participation: 61.3% Toyota Tsusho Corporation Role: -- LLP administration and operation -- Introducing environmental/energy conservation facilities, technical investigations Equity participation: 10.6% LLP members with an equity interest ratio of 1% or less (seven corporations) Tohoku Electric Power Co., Inc.; Toyota Boshoku Tohoku Co., Ltd.; Skylark Co., Ltd.; Toyota Transportation Co., Ltd.; Central Motor Wheel Tohoku Co., Ltd.; Vuteq Corporation; VEGi-Dream Kurihara Corporation Equity participation: 1.7% LLP business details: 1) Provision of electricity to LLP members 2) Provision of heating (including steam and hot water; same applies below) to LLP members 3) Sale, leasing, and rental of required facilities, equipment, software, etc. for electricity provision, heating provision, electricity conservation, energy conservation, storage of electricity, and energy management 4) Commissioned assignment to conduct maintenance/administration tasks for electricity- and heating-related facilities owned by LLP members 5) Provision of information to LLP members regarding electricity- and heating-related technology, knowledge, expertise, etc. 6) Sales of electricity to power companies supplying electricity to regional citizens and public facilities located near the Second North Sendai Central Industrial Area in times of large-scale disasters, such as earthquakes More information is avaailable at http://www2.toyota.co.jp/en/news/13/02/0228.html . * A system in which grid power purchased from power companies, together with energy (electricity and heating) generated by privately owned electrical power facilities (gas co-generation, solar power generation) owned by LLP members, are controlled and optimized through a Community Energy Management System (CEMS) that can flexibly distribute energy (via selective distribution) throughout the industrial area. During times of emergency, the electricity generated by privately owned electrical power facilities can be purchased by power companies such as Tohoku Electric Power, who will provide that electricity to the surrounding region, including the Ohira Village Hall and other emergency centers. About Toyota Supported by people around the world, Toyota Motor Corporation (TSE: 7203; NYSE: TM), has endeavored since its establishment in 1937 to serve society by creating better products. As of the end of March 2012, Toyota conducts its business worldwide with 50 overseas manufacturing companies in 27 countries and regions. Toyota's vehicles are sold in more than 160 countries and regions. For more information, please visit www.toyota-global.com. Contact: Toyota Motor Corporation Corporate Communications Department Public Affairs Division Tel: +81-3-3817-9150 Copyright 2013 JCN Newswire. All rights reserved. www.japancorp.net Provider ID: 00026347
Limited Liability Partnership Founded to Operate Smart Community
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