Mitsubishi Electric will Invest 7 Billion JPY in Smart Grid Technology - New Approach

New approach in Japan with regard to Smart(er) Grids:

Don't discuss what could be done - just do it!

Mitsubishi Electric Corporation announced the other day that it will invest
a total of 7 billion yen by March 2012 in a project to build facilities within the company’s production sites in Japan for experiments designed to establish advanced smart grid technologies. The project will contribute to the company’s efforts to support the adoption of sustainable power supplies worldwide.

Mitsubishi Electric’s smart grid business will be carried out as a company-wide project spanning the company’s five business segments. In April 2010, Mitsubishi Electric established two project teams to promote development in smart grid technology. The Power Grid Project in the Transmission & Distribution Systems Center will be responsible for smart grid electric systems and equipment. The Next Generation Energy Communication Project in the Communication Networks Center will be responsible for the smart grid communication network.

Click HERE for the full press release.