Mitsubishi-NTT Anode Team Up on Renewable Energy

Mitsubishi Corporation (Tokyo) — Mitsubishi Corporation (MC) and NTT Anode Energy Corporation (NTT Anode) have agreed to study collaboration in the energy sector. The agreement is part of the industrial partnership formed between MC and NTT Corporation (NTT) on December 20, 2019.

MC is engaged in a wide range of electric power businesses and is now endeavoring to extend those operations beyond power distribution. By combining renewables and other green energy sources with digital technologies, the company aims to provide customers with new, value-added solutions to balance supply and demand. Also active in energy storage, MC manufactures and sells vehicle-and-industrial-use lithium-ion batteries and promotes their reuse and further application throughout the energy sector. These initiatives are invested in the development of sustainable societies and are helping MC to both strengthen its corporate worth and realize its three-value mission.

NTT Anode was established to promote smart-energy businesses that take advantage of the NTT Group’s proprietary ICT and direct-current (DC) technologies. By maximizing the group’s synergies and optimizing use of distributed energy resources, such as storage batteries and power generation facilities driven by renewables, the company is working with its partners to develop new energy-distribution systems and invigorate industry.

The MC-NTT Anode alliance will focus on the following areas:

Renewable Energy Generation: This work will study to involve joint investment in renewable energy projects in Japan and overseas, as well as investigation into the possibility of supplying energy from those projects to NTT Group companies.

Energy Management with EVs and Storage Batteries: This work will study to involve building a microgrid platform for new, decentralized energy businesses that incorporates electric vehicles (EVs) and storage batteries, and leveraging both those businesses and the existing networks of MC and NTT Anode to investigate unique energy solutions.

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