Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

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

12/05/2012 | 01:54am US/Eastern

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
React to this article
Latest news on MITSUBISHI CORP
05:21p MITSUBISHI : Hull Mitsubishi celebrates 25 years trading ; Exciting times on the..
02:26p MITSUBISHI : Ex-con faces multiple felony counts in East Bay hit-run rampage
10:18a MITSUBISHI : to Acquire Stake in UK Water Company
10:18a MITSUBISHI : to Construct and Operate Light Rail Transit in Canberra
08:34a MAZDA MOTOR : Auto Palace raises sales by a third to Kc4.9bn in 2015
02/11 MITSUBISHI : Nissan picks up the pace ; The Navara has long been a key player fo..
02/11 MITSUBISHI : Well worth adding to your new car shortlist ; MITSUBISHI ASXASX all..
02/11 MITSUBISHI : Loads of power
02/10 AES and Mitsubishi to Sell Advancion Energy Storage Solutions in Asia and Oce..
02/09 MITSUBISHI : AES and Mitsubishi Corporation to Sell Advancion Energy Storage Sol..
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials