Kobe Steel’s Subsidiary Becomes Successful Bidder in the Long-Term Decarbonization Power Resource Auction

May 13, 2026

Kobe Steel, Ltd.

Kobelco Power Kobe, Inc., a wholly owned subsidiary of Kobe Steel, submitted a bid to and successfully won the Long-Term Decarbonization Power Resource Auction for fiscal 2025, conducted by the Organization for Cross-regional Coordination of Transmission Operators (OCCTO)^*.

This auction is designed to promote investment in power sources aimed at achieving carbon neutrality by 2050. In principle, successful bidders will be eligible to recover their fixed costs, as well as a portion of their fuel expenses, over a period of 20 years. In line with its roadmap to achieve carbon neutrality by 2050, Kobe Steel will continue its efforts to implement 20% ammonia co-firing.

Kobe Steel Group (also known as the Kobelco Group) is advancing transformation initiatives to become a more appealing company for stakeholders, while fulfilling its mission to provide solutions to societal needs by leveraging the integration and collaboration of its diverse business domains, technologies, and human resources. Guided by Japan's energy policy, we strive to contribute to greater efficiency in the nation’s thermal power generation facilities and to the stable supply of economically efficient electricity. Furthermore, by working to further improve efficiency and reduce carbon emissions in thermal power generation to achieve carbon neutrality by 2050, we aim to realize "a world in which people, now and in the future, can fulfill their hopes and dreams while enjoying safe, secure, and prosperous lives."