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Thursday, 28 July 2016, 16:36 HKT/SGT
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Source: Mitsubishi Corporation
Japanese Enterprises Team Up to Launch Virtual Power Plant Experimental Project

TOKYO, July 28, 2016 - (JCN Newswire) - Fourteen Japanese companies 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 issued on July 21, 2016 by the Institute of Applied Energy, the project's executing agency*.

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 adjusted for available capacity. Enhancing the system for adjusting electricity supply and demand will also make it easier to introduce renewable energy sources into 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.

The 14 participating companies are: The Kansai Electric Power Company, Inc., 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., and Mitsubishi Corporation.

* The Ministry of Economy, Trade and Industry subsidized a part of the costs for the demonstration of a virtual power plant and megawatt power transaction over grid operators. In this case, the 14 companies applied for A Demonstration of Virtual Power Plant, A-1 Aggregator business among nominated demonstrations and were adapted as indirect subsidized companies.

About the Participating Companies

The Kansai Electric Power Co., Inc.
Date of Establishment: May 1951
Capital: 489,300 million yen
Head Office: 3-6-6, Nakanoshima, Kita-ku, Osaka

Fuji Electric Co., Ltd
Date of Establishment: August 1923
Capital: 47.6 billion yen
Head Office: 1-11-2, Osaki, Shinagawa-ku, Tokyo

Sansha Electric Manufacturing Co., Ltd
Date of Establishment: April 1948
Capital: 2,800 million yen
Head Office: 3-1-56, Nishiawaji, Higashiyodogawa-ku, Osaka

GS Yuasa Corporation
Date of Establishment: April 2004
Capital: 33 billion yen
Head Office: 1, Inobanba-cho, Nishinosho, Kisshoin, Minami-ku, Kyoto

Sumitomo Electric Industries, Ltd.
Date of Establishment: April 1897
Capital: 99,700 million yen
Head Office: 4-5-33, Kitahama, Chuo-ku, Osaka

Nihon Unisys, Ltd.
Date of Establishment: March 1958
Capital: 5.5 billion yen
Head Office: 1-1-1 Toyosu, Koto-ku, Tokyo

NTT Smile Energy, Ltd.
Date of Establishment: June 2011
Capital: 100 million yen
Head Office: 1-1-30 Kitahama, Chuo-ku, Osaka

Enegate Co., Ltd.
Date of Establishment: March 1914
Capital: 497 million yen
Head Office: 1-6-110 Oyodo-Kita, Kita-ku, Osaka

ELIIY Power Co., Ltd.
Date of Establishment: 28 September 2006
Capital: 15,700 million yen
Head Office: 1-6-4 Osaki, Shinagawa-ku, Tokyo

Obayashi Corporation
Date of Establishment: December 1936
Capital: 57,800 million yen
Head Office: 2-15-2, Konan, Minato-ku, Tokyo

Kansai Electrical Safety Inspection Association
Date of Establishment: December 1965
Head Office: 1-2-6 Sonezaki, Kita-ku, Osaka

DAIHEN Corporation
Date of Establishment: December 1919
Capital: 10,600 million yen
Head Office: 2-1-11, Tagawa, Yodogawa-ku, Osaka

Nature Japan Co., Ltd.
Date of Establishment: July 2015
Capital: 500,000 yen
Head Office: 35-1, Minami-Goshomachi, Okazaki, Sakyo-ku, Kyoto

Mitsubishi Corporation
Date of Establishment: July 1954
Capital: 204.4 billion yen
Head Office: 3-1 Marunouchi 2-Chome, Chiyoda-ku, Tokyo 100-8086


Contact:
Mitsubishi Corporation
Telephone: +81-3-3210-2171
Facsimile: +81-3-5252-7705



Topic: Press release summary
Sectors: Energy, Alternative Energy
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