Basf Power Purchase Agreement

BASF and NGK enter into a nas® battery distribution partnership agreement It is not enough to produce enough energy – it must be available if necessary. That`s why we need faster development of the electricity grid. Often it fails because it is not accepted by the inhabitants. Will the development of the grid be the bottleneck of the energy transition? Companies such as Google, Norsk Hydro and Facebook are increasingly relying on renewable energy companies (PPAs) as a safe, reliable and competitive source of energy from clean energy sources, writes Malgosia Bartosik. The government has already discussed this issue and is making progress. The federal governments of Bavaria and Baden-Wuerttemberg recently agreed that, for example, the development of the electricity grid should be further implemented underground. I don`t think the development of the network will be a bottleneck. At BASF, we create chemistry for a sustainable future. We associate economic success with environmental protection and social responsibility. THE 122,000 employees of the BASF Group contribute to the success of our customers in almost every sector and almost every country in the world. Our portfolio is divided into six segments: chemistry, materials, industrial solutions, surface technologies, nutrition and agricultural care and solutions. BASF generated sales of around 63 billion euros in 2018. BASF shares are traded on the Frankfurt Stock Exchange (BAS) and as American Depositary Receipts (BASFY) in the United States.

For more information, see www.basf.com. NGK is the world`s largest manufacturer of electrical insulation, including 1000 kV ultra-high voltage insulators and substation insulators, and has a 100-year history. With proprietary ceramic technology, NGK helps protect the environment and offers a wide range of products and technologies in the « Triple E » growth areas: energy, ecology and electronics. NGK is also one of the largest manufacturers of ceramic catalysts (HONEYCERAM) and diesel particulate filters (DPF) for automotive catalytic converters. NGK is also the world`s leading manufacturer in the commercialization of high energy storage capacity (nas) that has overturned the traditional wisdom « Power cannot be saved. » Nagoya, Japan und Ludwigshafen, Germany, 11 June 2019 – BASF New Business GmbH (BNB), a wholly-based subsidiary of the German chemical group BASF, and Japanese ceramic producer NGK INSULATORS, LTD.