Mitsubishi plugs in smart-grid pilot project
Mitsubishi Electric on Monday said it will invest about $76 million in a smart-grid project, part of a companywide push into equipment for modernizing the electricity grid.
The company will create two installations--a residential-size building and a commercial facility--which will have on-site power generation through photovoltaic panels and local energy storage with rechargeable batteries. The flow of energy will be managed and optimized by power electronics and smart meters to test the performance of the equipment.
Mitsubishi Electric said the projects are part of a corporatewide push to supply smart-grid technologies for the electric power industry and meet global demand … Read more