FUSO GROUP Holdings Inc. announces that it has invested in ZECO di Zerbaro e Costa e C. s.r.l. (headquarters: Veneto, Italy; President: Paolo Zerbaro; hereinafter “ZECO”), a company engaged in the development, design, manufacture, sales, and maintenance of water turbines for hydroelectric power generation in Italy.

ZECO Company Profile

Background and Objectives

• In 2019, FUSO GROUP Holdings established FUSO Hydro Power Solutions Inc. (“FHPS”) jointly with ZECO, which boasts the world’s most advanced hydroelectric power turbine technology, to meet the growing demand for hydroelectric power plant equipment upgrades and improvements in Japan.
• With the global trend toward decarbonization and regulatory reforms expected to drive market growth for energy businesses centered on distributed power sources (renewable energy, energy storage devices, etc.), the FUSO Group’s business strategy is to focus on the renewable energy domain in line with the Japanese government’s green growth strategy.
• With this investment in ZECO, the FUSO GROUP, and particularly FHPS, intends to strengthen its solution capabilities to meet the robust needs of hydroelectric power plants in Japan for facility upgrades and improvements, and to actively make proposals to municipalities that have issued carbon neutrality declarations and to companies that are working to decarbonize their operations.
• Going forward, the FUSO GROUP will continue to contribute to the realization of sustainable local communities in the areas of water, housing, and energy.