Nippon Otis Installs Large Solar Panel Grid at Factory

Rhea-AI Summary

Nippon Otis Elevator Company has installed a large solar panel system at its logistics and engineering center in Japan, which is expected to offset nearly 21% of the facility's annual electricity consumption. The solar panels, covering 2672.47 m², aim to reduce greenhouse gas emissions by approximately 27% compared to 2022 levels. This initiative is part of Otis Worldwide Corporation's broader environmental strategy established in 2021, targeting carbon neutrality for factory electricity use by 2030. The company is also focusing on sustainable practices, including upgrading HVAC systems, implementing LED lighting, and promoting the use of hybrid and electric vehicles.

Otis aims to reduce global Scope 1 and Scope 2 greenhouse gas emissions by 50% compared to 2019.

Positive

• Installation of solar panels expected to cover 21% of NOLEC's annual electricity consumption.
• Projected reduction of greenhouse gas emissions by approximately 27% compared to 2022.
• Aligns with Otis' global commitment to achieve carbon neutrality for electricity at factories by 2030.
• Enhances Otis' reputation as a company committed to sustainability efforts.

Negative

• None.

TOKYO, JAPAN / ACCESSWIRE / April 17, 2023 / Nearly a quarter of annual electricity consumption at the Nippon Otis Elevator Company ("Nippon Otis") logistics and engineering center ("NOLEC") can now be offset by power generated with newly-installed solar panels. Nippon Otis is the Japanese subsidiary of Otis Worldwide Corporation (NYSE:OTIS), the world's leading company for elevator and escalator manufacturing, installation, and service.

(solar panel installation video available for download here: https://www.youtube.com/watch?v=63iwdiRoFQo)

In 2021, Otis developed its Environmental, Social, and Governance (ESG) strategy and goals, and made a global commitment to achieve those goals. The solar panels, recently installed in the parking lot of NOLEC, covering a total area of 2672.47 m2, are part of that effort. The solar panels will generate electricity to cover approximately 21% of NOLEC's annual electricity consumption. In addition, with the installation of solar panels, Otis expects to reduce NOLEC's greenhouse gas emissions by approximately 27% compared to 2022.

"We are pleased to be able to further promote our environmental efforts and carbon footprint reduction with this solar project," said Nippon Otis President Thibault Lefebure. "We will continue to strengthen these efforts - including the purchase of renewable energy and switching to hybrid and light vehicles - to further reduce our impact on the environment and strive to build a more sustainable future."

Nippon Otis will continue to do its part to protect the environment across three areas:

Factory: HVAC upgrade, LED lighting, solar panel installation
Vehicle: Lease + hybrid and light vehicles/EV scooters
Real Estate: Flexible/remote work arrangements, office footprint reduction

Globally, Otis aims to achieve carbon neutrality for electricity at its factories by 2030, and to reduce its global Scope 1 and Scope 2 greenhouse gas emissions by 50% by 2030 compared to 2019. For more information on Otis' ESG initiatives and performance, please refer to its 2022 ESG Report.

About Otis

Otis gives people freedom to connect and thrive in a taller, faster, smarter world. The global leader in the manufacture, installation and servicing of elevators and escalators, we move 2 billion people a day and maintain approximately 2.1 million customer units worldwide - the industry's largest Service portfolio. You'll find us in the world's most iconic structures, as well as residential and commercial buildings, transportation hubs and everywhere people are on the move. Headquartered in Connecticut, USA, Otis is 68,000 people strong, including 41,000 field professionals, all committed to meeting the diverse needs of our customers and passengers in more than 200 countries and territories. To learn more, visit www.otis.com and follow us on LinkedIn, Instagram, Facebook and Twitter @OtisElevatorCo.

View additional multimedia and more ESG storytelling from Otis Worldwide on 3blmedia.com.

Contact Info:
Spokesperson: Otis Worldwide
Website: https://www.3blmedia.com/profiles/otis-worldwide
Email: info@3blmedia.com

SOURCE: Otis Worldwide

View source version on accesswire.com:
https://www.accesswire.com/749575/Nippon-Otis-Installs-Large-Solar-Panel-Grid-at-Factory

FAQ

What recent sustainability project was announced by Otis on April 17, 2023?

On April 17, 2023, Otis announced the installation of a solar panel grid at its logistics and engineering center in Japan, expected to offset 21% of annual electricity consumption.

How much greenhouse gas emissions reduction is Nippon Otis expecting from the new solar panels?

Nippon Otis expects a reduction of approximately 27% in greenhouse gas emissions compared to 2022 levels due to the new solar panels.

What is Otis's goal for carbon neutrality?

Otis aims to achieve carbon neutrality for electricity at its factories by 2030.

What area do the newly installed solar panels cover?

The solar panels installed at NOLEC cover a total area of 2672.47 square meters.

What other environmental initiatives is Otis implementing?

Otis is also upgrading HVAC systems, installing LED lighting, and promoting the use of hybrid and electric vehicles.