Fujifilm signs agreement to offset 100% of North American electricity use

FUJIFILM Holdings Corp. announced FUJIFILM Holdings America Corp. has entered into a Virtual Power Purchase Agreement (VPPA)  for 300,000 MWh of annual sustainable solar energy from the Blevins Solar Project. The VPPA offsets 100% of the company’s total electricity use in the United States and Canada and is equivalent to avoiding approximately 90,000 metric tons of CO₂ emissions per year, the company said. This represents approximately 9% of the Fujifilm group’s global annual CO₂ emissions (based on the actual result of the fiscal year ending March 2023).

“Fujifilm strives to be a company that contributes to solving society’s greatest challenges, including addressing climate change through our business strategy and operations,” said Teiichi Goto, president and CEO, representative director of FUJIFILM Holdings Corporation. “This Power Purchase Agreement is aligned with our policy, which emphasizes securing a stable supply of renewable electricity with additionality. We will continue to reduce CO₂ emissions in our supply chain and contribute to the realization of a decarbonized society.”

World Kinect Energy Services, a subsidiary of World Kinect Corporation, based in Miami, served as advisor for the VPPA between Fujifilm and National Grid Renewables, Bloomington, Minn. National Grid Renewables is managing the construction and will own and operate the Blevins Solar Project. Fujifilm will purchase approximately 46% of the project’s nameplate capacity, or 125 MW of renewable energy attributes, from National Grid Renewables. Construction is expected to be completed in late 2025.

Global sustainability goals

The VPPA marks a significant step towards the CO₂ reduction goals set in Fujifilm’s Sustainable Value Plan 2030, which aim to:

• Reduce Fujifilm’s CO₂ emissions across the entire product life cycle by 50% (compared to FY2019 levels) by FY2030. FY2022 result is 7% compared to FY19 levels.
• Reduce CO₂ emissions from Fujifilm’s enterprise operations (Scope 1 and 2) by 50% (compared to FY2019 levels) by FY2030 and fully operate on carbon-free energy and achieve net zero CO₂ emissions by FY2040. FY2022 result is 10% compared to FY 2019 levels.

Combined with VPPA renewable energy certificates that offset power consumption, Fujifilm’s on-premises wind and solar generation in its facilities worldwide provide additionality to the world’s clean energy infrastructure.

• Fujifilm’s plant in Tilburg, the Netherlands, derives 100% of its electricity from wind. The installation of high-efficiency heat pumps and an e-boiler will make the plant 100% carbon neutral.
• Solar panels were installed at the FUJIFILM Eco-Manufacturing (Suzhou) Corp. in Suzhou, China, FUJIFILM Electronic Materials U.S.A., Inc. in Mesa, Arizona, and FUJIFILM Healthcare Manufacturing Corporation in Sano, Japan, to supply their electricity needs.

Fujifilm is also addressing the decarbonization of the fuel that it uses in the manufacturing of display materials and other highly functional films. Fujifilm is promoting an advanced initiative to establish a carbon-neutral model in manufacturing using technologies including synthetic methane and hydrogen that do not emit CO_2.