Potential offtaker

Mitsubishi Electric Corporation

www.mitsubishielectric.co.jp

Estimated electricity consumption

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Countries of production presence

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Mitsubishi Electric Corporation is a Japanese multinational company that operates in the Power Transmission and Distribution Equipment sector. The company has been in operation since 1921 and has grown to become one of the leading players in the industry. Mitsubishi Electric Corporation is committed to providing innovative solutions that help to decarbonize the energy sector and promote sustainable development.

Decarbonisation is a key focus area for Mitsubishi Electric Corporation. The company recognizes the urgent need to reduce greenhouse gas emissions and transition to a low-carbon economy. To achieve this goal, Mitsubishi Electric Corporation has developed a range of innovative technologies that help to reduce carbon emissions from power generation, transmission, and distribution.

One of the key areas of focus for Mitsubishi Electric Corporation is corporate energy. The company provides a range of energy management solutions that help businesses to optimize their energy use and reduce their carbon footprint. These solutions include energy monitoring systems, energy-efficient lighting, and HVAC systems, as well as renewable energy solutions such as solar and wind power.

Mitsubishi Electric Corporation is also a leader in corporate power purchase agreements (PPAs). PPAs are agreements between a company and a renewable energy provider, where the company agrees to purchase a certain amount of renewable energy at a fixed price over a set period. PPAs are a key tool for companies looking to transition to renewable energy and reduce their carbon footprint. Mitsubishi Electric Corporation has been involved in a number of high-profile corporate PPAs, including agreements with Amazon and Google.

Renewable energy is another key focus area for Mitsubishi Electric Corporation. The company has a range of renewable energy solutions, including solar and wind power. Mitsubishi Electric Corporation's solar solutions include photovoltaic (PV) modules, inverters, and energy storage systems. The company's wind power solutions include turbines and control systems. These solutions are designed to help businesses and communities transition to renewable energy and reduce their reliance on fossil fuels.

Mitsubishi Electric Corporation is committed to innovation and research and development. The company invests heavily in R&D to develop new technologies that help to reduce carbon emissions and promote sustainable development. In 2020, the company announced a new R&D center in Japan that will focus on developing technologies for decarbonization and energy transition.

In addition to its commitment to sustainability, Mitsubishi Electric Corporation is also committed to corporate social responsibility. The company has a range of initiatives that support local communities and promote social welfare. These initiatives include disaster relief efforts, education and training programs, and support for local businesses.

Mitsubishi Electric Corporation has a strong global presence, with operations in over 40 countries. The company's global reach allows it to provide innovative solutions to customers around the world and support the transition to a low-carbon economy. Mitsubishi Electric Corporation is committed to working with governments, businesses, and communities to promote sustainable development and reduce carbon emissions.

In conclusion, Mitsubishi Electric Corporation is a leading player in the Power Transmission and Distribution Equipment sector, with a strong commitment to sustainability and innovation. The company's focus on decarbonisation, corporate energy, corporate PPAs, and renewable energy solutions is helping to drive the transition to a low-carbon economy. With its global reach and commitment to corporate social responsibility, Mitsubishi Electric Corporation is well-positioned to support the sustainable development of communities around the world.

✓ Science Based Targets member
✓ Declared Net Zero commitment