MC, MMC and Mitsubishi Electric begin EV-Smart Grid Demonstration Project

Mitsubishi Corporation ("MC"), Mitsubishi Motors Corporation ("MMC") and Mitsubishi Electric Corporation ("Mitsubishi Electric") have completed the development and begun the operation of "M-tech Labo," a smart grid demonstration system that utilizes rechargeable batteries in Electric Vehicles ("EVs") for electric-demand leveling of factory facilities. Tokyo Institute of Technology is playing an advisory role for the project. This demonstration project is part of the KEIHANNA Eco-City Next-Generation Energy and Social Systems Demonstration Project, one of the four smart grid initiatives authorized by the Ministry of Economy, Trade and Industry.

The purpose of this project is to demonstrate load shifting by charging at night when demand is low, storing power produced from renewable sources in rechargeable batteries, and supplying such power back to the grid when factory facilities and offices face peak demand. MC, MMC and Mitsubishi Electric also expect that utilizing EV batteries and used rechargeable batteries, instead of expensive, dedicated batteries, will lower costs while promoting the environmental-benefits of renewable energy and EVs.

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