Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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

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
12/05/2012 | 07:54am CEST

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
Latest news on MITSUBISHI CORP
08/21 MITSUBISHI : and Allianz invest in Red Dirt project
08/17 TOTALITY AWESOME : Here's a silly, pop culture-y guide to Monday's total solar e..
08/17 MITSUBISHI MOTORS : To celebrate the all-new eclipse cross cuv, mitsubishi motor..
08/16 MITSUBISHI : Al Habtoor Motors opens customer happiness counter
08/16 MITSUBISHI : Dhaka Mass Rapid Transit Company Limited Orders for Supplying Rolli..
08/16 Toyota sees bigger market for eco-cars
08/15 MITSUBISHI : Person struck by gunfire on I-880 in San Leandro; freeway closed fo..
08/12 MITSUBISHI : 2018 Mitsubishi Xpander crossover-MPV world premiere
08/11 COPS : 2 drivers who played 'cat and mouse' -- one in car with 3 tires -- charge..
08/11 MITSUBISHI : Streaming audio of the investor meeting reporting financial results..
More news
News from SeekingAlpha
08/02 Oil Prices Vs. Electric Vehicles
08/02 Mitsubishi reports Q1 results
08/01 EV Company News For The Month Of July 2017
07/07 Tesla And Neoen Win World's Biggest Battery Plus Wind Project For South Austr..
07/02 EV Company News For The Month Of June 2017
Financials ( JPY)
Sales 2018 6 903 274 M
EBIT 2018 -
Net income 2018 474 619 M
Debt 2018 3 770 899 M
Yield 2018 3,39%
P/E ratio 2018 8,49
P/E ratio 2019 8,67
EV / Sales 2018 1,13x
EV / Sales 2019 1,08x
Capitalization 4 015 739 M
Duration : Period :
Mitsubishi Corp Technical Analysis Chart | 8058 | JP3898400001 | 4-Traders
Technical analysis trends MITSUBISHI CORP
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 2 870  JPY
Spread / Average Target 14%
EPS Revisions
Takehiko Kakiuchi President & Representative Director
Ken Kobayashi Chairman
Mitsuyuki Takada Operations Manager & Executive Officer
Kazuyuki Masu Chief Financial Officer & Representative Director
Hidehiro Konno Independent Outside Director
Sector and Competitors
1st jan.Capitalization (M$)
ITOCHU CORP12.28%26 520
MITSUI & CO LTD0.09%26 345
SAMSUNG C&T CORP--.--%22 378
SUMITOMO CORP10.36%17 380
MARUBENI CORP4.90%11 042