Digital Grid Implements Fixed-Price Power Procurement for Kagane Food Industry

Digital Grid Corporation (Headquarters: Minato-ku, Tokyo; Representative Director and CEO: Yusuke Toyota; hereinafter 'the Company') has announced the introduction of a customized power procurement mechanism for Kagane Food Industry Co., Ltd. (Headquarters: Kanazawa, Ishikawa; Representative Director: Ippei Hineno; hereinafter 'Kagane Food Industry') to mitigate price volatility risks by procuring electricity in advance at a fixed price.

By procuring a portion of their electricity through the Digital Grid Platform (DGP) before the aggravation of Middle Eastern geopolitical tensions, the company succeeded in reducing price volatility risk.

The Company will continue to offer diverse services to assist customers in selecting power procurement options aligned with their costs and decarbonization policies.

About Kagane Food Industry

Founded approximately 140 years ago, Kagane Food Industry holds the top domestic market share in the manufacturing of monaka skins. Based in Kanazawa, the city of Japanese confectionery, the company crafts its products by prioritizing raw materials and combining traditional methods with unique technologies. While electricity prices have fluctuated significantly due to the escalation of Middle Eastern tensions, Kagane Food Industry's proactive approach to reviewing seasonal electricity costs has led to the successful suppression of price fluctuation risks.