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  • Japan (Head Office)
  • North America
  • Latin America &
    the Caribbean
  • Europe
  • Africa
  • Middle East
  • Central Asia
  • East Asia
  • Asia & Oceania

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Mitsubishi Corporation

Press Room

July 28, 2016
The Kansai Electric Power Company, Incorporated
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.
Mitsubishi Corporation

Japanese Enterprises Team up to Launch Virtual Power Plant Experimental Project

Fourteen Japanese companies*1 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 awarded on July 21, 2016 by the Institute of Applied Energy, the project’s executing agency2.
 
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 balanced by controlling demand. Enhancing the system for controlling demand will also make it easier to accommodate renewable energy sources in 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.
 
*1: The Kansai Electric Power Company, Incorporated, 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., Mitsubishi Corporation.
 
*2: The Ministry of Economy, Trade and industry subsidizes a part of the costs for the virtual power plant project and negawatt power transaction over grid system operators. In this case, the 14 companies applied for A. Virtual Power Plant Experimental Project, A-1 Aggregator business among nominated demonstrations and were adapted as indirect subsidized companies.
 
*3: This does not only refer to communication devices such as personal computers and smart phones but anything that can be connected to the Internet.
 
 
 
 
 
 
 
Japanese Enterprises Team up to Launch Virtual Power Plant Experimental ProjectAbout the Participating Companies
 
◆The Kansai Electric Power Co., Inc.
  1. Date of Establishment: May 1951
  2. Capital: 489,300 million yen
  3. Head Office: 3-6-6, Nakanoshima, Kita-ku, Osaka
 
◆ Fuji Electric Co., Ltd
  1. Date of Establishment: August 1923
  2. Capital: 47.6 billion yen
  3. Head Office: 1-11-2, Osaki, Shinagawa-ku, Tokyo
 
◆ Sansha Electric Manufacturing Co., Ltd
  1. Date of Establishment: April 1948
  2. Capital: 2,800 million yen
  3. Head Office: 3-1-56, Nishiawaji, Higashiyodogawa-ku, Osaka
 
◆ GS Yuasa Corporation
  1. Date of Establishment: April 2004
  2. Capital: 33 billion yen
  3. Head Office: 1, Inobanba-cho, Nishinosho, Kisshoin, Minami-ku, Kyoto
 
◆ Sumitomo Electric Industries, Ltd.
  1. Date of Establishment: April 1897
  2. Capital: 99,700 million yen
  3. Head Office: 4-5-33, Kitahama, Chuo-ku, Osaka
 
◆ Nihon Unisys, Ltd.
  1. Date of Establishment: March 1958
  2. Capital: 5.5 billion yen
  3. Head Office: 1-1-1 Toyosu, Koto-ku, Tokyo
 
◆ NTT Smile Energy, Ltd.
  1. Date of Establishment: June 2011
  2. Capital: 100 million yen
  3. Head Office: 1-1-30 Kitahama, Chuo-ku, Osaka
 
◆ Enegate Co., Ltd.
  1. Date of Establishment: March 1914
  2. Capital: 497 million yen
  3. Head Office: 1-6-110 Oyodo-Kita, Kita-ku, Osaka
 
◆ ELIIY Power Co., Ltd.
  1. Date of Establishment: 28 September 2006
  2. Capital: 15,700 million yen
  3. Head Office: 1-6-4 Osaki, Shinagawa-ku, Tokyo
 
◆ Obayashi Corporation
  1. Date of Establishment: December 1936
  2. Capital: 57,800 million yen
  3. Head Office: 2-15-2, Konan, Minato-ku, Tokyo
 
◆ Kansai Electrical Safety Inspection Association
  1. Date of Establishment: December 1965
  2. Head Office: 1-2-6 Sonezaki, Kita-ku, Osaka
 
◆ DAIHEN Corporation
  1. Date of Establishment: December 1919
  2. Capital: 10,600 million yen
  3. Head Office: 2-1-11, Tagawa, Yodogawa-ku, Osaka
 
◆ Nature Japan Co., Ltd.
  1. Date of Establishment: July 2015
  2. Capital: 500,000 yen
  3. Head Office: 35-1, Minami-Goshomachi, Okazaki, Sakyo-ku, Kyoto
 
◆ Mitsubishi Corporation
  1. Date of Establishment: July 1954
  2. Capital: 204.4 billion yen
  3. Head Office: 3-1 Marunouchi 2-Chome, Chiyoda-ku, Tokyo 100-8086
 
 
 

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