Hokkaido Electric Power Co Inc (HEPCO) is involved in power generation and retail electricity businesses. The company operates primarily in the electricity industry, focusing on power generation, transmission, and distribution. It also offers services in electrical and telecommunications works, civil engineering and construction, regular inspection, maintenance and repair work at power plants.

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HEPCO is undertaking several research and development initiatives to expand business domains and improve management efficiency. The company is working towards carbon neutrality through projects such as developing aggregation technologies for renewable energy power plants, building a hydrogen supply chain using surplus renewable electricity, and evaluating hydrogen production equipment. Additionally, the company is developing an energy management system, assessing the impact of ammonia co-combustion gas on boiler materials, and creating hydrogen production equipment using a wood biogasifier. It is also involved in developing technologies for blue carbon projects and conducting joint research on low-carbon concrete. To improve management efficiency, the company is researching the use of drones at thermal power plants and implementing measures to prevent snow accumulation on power transmission equipment. It also provides technical proposals and support for Kaizen and DX activities within the HEPCO Group. In FY2025, the company spent JPY2,239 million on R&D, which as a percentage of revenue, stood at 0.2% and grew 2.9% YoY.