Tokyo, January 27, 2012 - Mitsubishi Heavy Industries, Ltd. (MHI:TSE/7011), Hitachi, Ltd. (Hitachi: TSE/6501, NYSE/HIT) and Mitsubishi Corporation (MC: TSE/8058) today announced that they have been jointly selected as contractors for the Smart Community System Demonstration Project in Spain, by the New Energy and Industrial Technology Development Organization (NEDO) as the result of a feasibility study which was conducted from March through October 2011 by the three companies. The project, which is aligned with the Malaga Smartcity Project currently under way in Malaga, Spain, will demonstrate and verify various businesses necessary for establishing a next-generation transportation infrastructure enabling considerable reductions in CO2 emissions. The total budget of the demonstration project, to be conducted for a period through March 2016, is expected to be near 5 billon yen.
Spain, a country that has made significant strides in
deregulation of its electric power market and in
introducing renewable energies, is advantageously suited to
implementation of a project to demonstrate and verify the
effectiveness of a next-generation transportation
infrastructure leveraging state-of-the-art Japanese
technologies in renewable energy, energy conservation and
smart communities. NEDO and the three companies hope that
the project will lead to other opportunities for Japanese
companies to develop smart community businesses around the
world.
Approximately 40% of Spain's energy consumption is in
the transportation sector, and the bulk of that energy
derives from fossil fuels. For these reasons the country is
looking to increase electric vehicle (EV) registrations to
250,000 by 2014 as a way of reducing CO2 emissions and
energy consumption. The demonstration project will
accommodate the need for an infrastructure to support this
large volume of EVs.
The demonstration and verification to be carried out under
the project will encompass the following: establishment of
infrastructure to facilitate greater use of EVs, including
high-speed EV chargers and an EV management center;
development of a recharging business model; creation of a
smart grid management system to ensure stable and safe
supplies of electricity to EVs; development of information
and communications technology (ICT) platforms to connect
the EV infrastructure and power systems; and development of
an integrated service system based on the data accumulated
at the EV management center.
The demonstration project plans call for MHI, which has a
robust track record in intelligent transport systems (ITS),
to supply the EV management center, EVs (200 vehicles),
in-vehicle units and high-speed EV chargers. The company
will also carry out studies and verifications of the EV
center, the EV infrastructure, and the power management
system that will accommodate fluctuations in power supply
dependent on renewable energy. Hitachi, which has abundant
experience in information and communication systems and
energy management, will provide the demand-side management
system, which is coupled with ICT systems, high-speed EV
chargers and the demand-side management related to power
management system. MC will create a package integrating
business elements and services and study options for global
expansion, and also verify the commercial viability of
solutions business.
The demonstration project will be conducted under the
Japan-Spain Innovation Program (JSIP)*, which is managed by
NEDO and Spain's Centre for Industrial Technological
Development (CDTI). Other entities slated to participate in
the project implementation include: Endesa, S.A.,
Spain's largest power supplier; Telefonica
Investigacion y Desarrollo, S.A. Unipersonal, the
country's foremost telecommunications company; and
Sadiel Tecnologias de la Informacion, S.A., an ICT
provider.
Through their involvement in the demonstration project,
MHI, Hitachi and MC will create a new business model
leveraging their superior energy-saving and low-carbon
technologies, and promote a smart city business model as a
global standard. Each company will also accelerate its
activities to develop this business globally in
collaboration with its partner companies.
Note:
* The JSIP initiative enables parallel funding for joint
projects between Japan and Spain that target technology
development, with the provision that the Japanese companies
involved are already approved for funding by NEDO and the
Spanish companies are correspondingly approved by CDTI.
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