Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Tokyo  >  Mitsubishi Corp    8058   JP3898400001

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Mitsubishi Corp : First Japanese Litium-ion Battery to be Supplied to Large Sized Battery Energy Storage System on a Commercial Scale in Chile

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/05/2012 | 07:54am CET

GS Yuasa International Ltd. (President : Makoto Yoda, Office : Kyoto, Japan) and Mitsubishi Corporation (President : Ken Kobayashi, Office : Tokyo, Japan) are pleased to announce that their lithium-ion battery equipment with a maximum output of 20MW/6.3MWh was selected for a battery energy storage system which will be installed next to the new thermal power plant*1 to be constructed in Mejillones, Chile.

Mitsubishi Corporation will supply lithium-ion battery equipment to Parker Hannifin Corporation (Chaiman, CEO & President : Donald E Washkewicz, Office : Ohio, US) that is manufactured by GS Yuasa and contains battery cells manufactured by Lithium Energy Japan (President : Nobuyuki Ueoka, Office : Shiga, Japan), a joint venture between GS Yuasa and Mitsubishi Corporation. Parker Hannifin's global Energy Grid Tie Division located in Charlotte, USA will be integrating the complete turnkey energy storage system. Should Cochrane give the order to proceed, the lithium ion battery equipment will be installed in ten 40ft containers prior to the startup of the thermal power plant in Feb. 2016.

*1 The coal plant (472MW net / 532MW gross) located in Mejillones in Chile's northern region, Antofagasta, Region II. will be jointly developed by AES Gener (President : Luis Felipe Ceron C., Office : Santiago, Chile), the second largest power producer in Chile, and Mitsubishi Corporation.

This is the first case for a Japanese lithium ion battery manufacturer to be selected for a large sized battery energy storage system. GS Yuasa and Mitsubishi Corporation expect the market for such large sized battery energy storage systems to grow rapidly along with the demand for spinning reserve and power supply stabilization as the ratio of renewable energy increases. GS Yuasa, with its high technology based on the long term experience in developing lithium-ion battery, and Mitsubishi Corporation, with its knowledge and network of power generating business including renewable energy, will continue contributing to the World's shift towards clean energy.


Location of the Project


Lithium-ion battery module for industrial applications "LIM50E-12G series"


Battery energy storage system of existing site of AES Gener

Inquiry Recipient Mitsubishi Corporation
Telephone:+81-3-3210-2171 / Facsimile:+81-3-5252-7705
distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on MITSUBISHI CORP
09:27a MITSUBISHI : Tradewinds Towing repowering two tugs with Mitsubishi
03/24 Eiichi Koito from Mitsubishi Motors is the new President Director for Nissan ..
03/24 MITSUBISHI : Purchase of the procurement of the Unit 1 Floor Standing Air Condit..
03/24 MITSUBISHI : Spare Parts for Mitsubishi
03/23 CORINDUS VASCULAR ROBOTICS : Reports Fourth Quarter and Full Year 2016 Results
03/23 MITSUBISHI : He Wenbo Meets with Matsui Shunichi, the Mitsubishi Executive Direc..
03/23 KODENSHA : Industry leader Mitsubishi Elevator upbeat about Thai market
03/20 26-year-old Slovakian boasts collection of over 3500 ancient mobile phones
03/20 MITSUBISHI : 2017 Mitsubishi Mirage is a good starter car starting at $12,99 95
03/17 MITSUBISHI : Global Tunnel Boring Machine Market- Mitsubishi, NHI, Robbins, SELI..
More news
Sector news : Industrial Conglomerates
03/24 FTSE posts worst weekly performance since January as U.S. healthcare vote loo..
03/24 TOSHIBA : plans Westinghouse Chapter 11 filing, expects $9 billion in charges - ..
03/24DJSMITHS : 1st Half Pretax Profit More Than Doubles
03/24 British engineer Smiths posts higher first-half profit, reaffirms FY outlook
03/24 Politics weigh as Korea's KEPCO eyes the Toshiba nuclear option
More sector news : Industrial Conglomerates
News from SeekingAlpha
03/16 Tesla's Grid-Scale Battery Offering For South Australia Meets Competition, Bu..
02/28 EV Company News For The Month Of February 2017
02/02 YANCOAL AUSTRALIA : $2.45 Billion Acquisition Of Rio Tinto Assets Creates Austra..
02/01 Auto Sales Off To A Decent Start In 2017
02/01 EV Company News For The Month Of January 2017
Advertisement
Financials ( JPY)
Sales 2017 6 828 061 M
EBIT 2017 -
Net income 2017 412 406 M
Debt 2017 4 009 357 M
Yield 2017 2,77%
P/E ratio 2017 9,30
P/E ratio 2018 9,05
EV / Sales 2017 1,16x
EV / Sales 2018 1,08x
Capitalization 3 890 123 M
More Financials
Chart MITSUBISHI CORP
Duration : Period :
Mitsubishi Corp Technical Analysis Chart | 8058 | JP3898400001 | 4-Traders
Full-screen chart
Technical analysis trends MITSUBISHI CORP
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 2 931  JPY
Spread / Average Target 20%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Takehiko Kakiuchi President & Representative Director
Ken Kobayashi Chairman
Mitsuyuki Takada Executive Officer & Manager-Operations
Kazuyuki Masu Chief Financial Officer & Representative Director
Ryozo Kato Independent Outside Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
MITSUBISHI CORP-1.49%34 929
GENERAL ELECTRIC COMPA..-5.95%258 823
3M CO7.25%114 446
SIEMENS AG6.25%114 100
HONEYWELL INTERNATIONA..7.70%94 915
E I DU PONT DE NEMOURS..8.45%68 820
More Results