TOKYO, Jul 28, 2016 - (ACN Newswire) - Fourteen Japanese companies have come together to launch the "Virtual Power Plant Experimental Project," an initiative subsidized by the Agency for Natural Resources and Energy, an arm of Japan's Ministry of Economy Trade and Industry, as part of the government's plan to rebalance Japan's energy mix. The subsidy was issued on July 21, 2016 by the Institute of Applied Energy, the project's executing agency*.
In the context of electricity deregulation and the reform of electric power systems in Japan, the project is aimed at contributing to the development of new energy management systems and the installation of new infrastructure that will facilitate more efficient energy use.
More specifically, bundling end-use devices scattered across power grids through the Internet of Things (IoT) would create a sort of "virtual" power plant, where demand and supply can be more effectively adjusted for available capacity. Enhancing the system for adjusting electricity supply and demand will also make it easier to introduce renewable energy sources into the power grid.
Through the project, the 14 participating companies are aiming to set up a comprehensive system for controlling end-use devices and to develop new energy management systems through bundled technology and the installation of renewable energy sources. The initiative is expected to contribute to the realization of a low-carbon society.
The 14 participating companies are: The Kansai Electric Power Company, Inc., Fuji Electric Co., LTD, Sansha Electric Manufacturing Co., Ltd, GS Yuasa Corporation, Sumitomo Electric Industries, Ltd., Nihon Unisys, Ltd., NTT Smile Energy, Ltd., Enegate Co., Ltd., ELIIY Power Co., Ltd., Obayashi Corporation, Kansai Electrical Safety Inspection Association, DAIHEN Corporation, Nature Japan Co., Ltd., and Mitsubishi Corporation.
* The Ministry of Economy, Trade and Industry subsidized a part of the costs for the demonstration of a virtual power plant and megawatt power transaction over grid operators. In this case, the 14 companies applied for A Demonstration of Virtual Power Plant, A-1 Aggregator business among nominated demonstrations and were adapted as indirect subsidized companies.
About the Participating Companies
The Kansai Electric Power Co., Inc.Date of Establishment: May 1951Capital: 489,300 million yenHead Office: 3-6-6, Nakanoshima, Kita-ku, Osaka
Fuji Electric Co., LtdDate of Establishment: August 1923Capital: 47.6 billion yenHead Office: 1-11-2, Osaki, Shinagawa-ku, Tokyo
Sansha Electric Manufacturing Co., LtdDate of Establishment: April 1948Capital: 2,800 million yenHead Office: 3-1-56, Nishiawaji, Higashiyodogawa-ku, Osaka
GS Yuasa CorporationDate of Establishment: April 2004Capital: 33 billion yenHead Office: 1, Inobanba-cho, Nishinosho, Kisshoin, Minami-ku, Kyoto
Sumitomo Electric Industries, Ltd.Date of Establishment: April 1897Capital: 99,700 million yenHead Office: 4-5-33, Kitahama, Chuo-ku, Osaka
Nihon Unisys, Ltd.Date of Establishment: March 1958Capital: 5.5 billion yenHead Office: 1-1-1 Toyosu, Koto-ku, Tokyo
NTT Smile Energy, Ltd.Date of Establishment: June 2011Capital: 100 million yenHead Office: 1-1-30 Kitahama, Chuo-ku, Osaka
Enegate Co., Ltd.Date of Establishment: March 1914Capital: 497 million yenHead Office: 1-6-110 Oyodo-Kita, Kita-ku, Osaka
ELIIY Power Co., Ltd.Date of Establishment: 28 September 2006Capital: 15,700 million yenHead Office: 1-6-4 Osaki, Shinagawa-ku, Tokyo
Obayashi CorporationDate of Establishment: December 1936Capital: 57,800 million yenHead Office: 2-15-2, Konan, Minato-ku, Tokyo
Kansai Electrical Safety Inspection AssociationDate of Establishment: December 1965Head Office: 1-2-6 Sonezaki, Kita-ku, Osaka
DAIHEN CorporationDate of Establishment: December 1919Capital: 10,600 million yenHead Office: 2-1-11, Tagawa, Yodogawa-ku, Osaka
Nature Japan Co., Ltd.Date of Establishment: July 2015Capital: 500,000 yenHead Office: 35-1, Minami-Goshomachi, Okazaki, Sakyo-ku, Kyoto
Mitsubishi CorporationDate of Establishment: July 1954Capital: 204.4 billion yenHead Office: 3-1 Marunouchi 2-Chome, Chiyoda-ku, Tokyo 100-8086
About Mitsubishi Corporation
Mitsubishi Corporation (MC; TSE: 8058) is a global integrated business enterprise that develops and operates businesses across virtually every industry including industrial finance, energy, metals, machinery, chemicals, foods, and environmental business. MC's current activities are expanding far beyond its traditional trading operations as its diverse business ranges from natural resources development to investment in retail business, infrastructure, financial products and manufacturing of industrial goods. With over 200 bases of operations in approximately 80 countries worldwide and a network of over 500 group companies, MC employs a multinational workforce of nearly 60,000 people. For more information, please visit www.mitsubishicorp.com.
Source: Mitsubishi Corporation
Contact:
Mitsubishi Corporation Telephone: +81-3-3210-2171 Facsimile: +81-3-5252-7705
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