NTT Anode Energy and Mitsubishi Corporation Agree to Study Cooperation in the Energy Sector Business

PVTIME - Mitsubishi Corporation (MC) and NTT Anode Energy Corporation (NTT Anode) have agreed to study collaboration in the energy sector. The agreement is part of the industrial DX partnership formed between MC and NTT Corporation (NTT) on December 20, 2019.

MC is engaged in a wide range of electric power
businesses and is now endeavoring to extend those operations beyond power
distribution. By combining renewables and other green energy sources with
digital technologies, the company aims to provide customers with new,
value-added solutions to balance supply and demand. Also active in energy
storage, MC manufactures and sells vehicle-and-industrial-use lithium-ion
batteries and promotes their reuse and further application throughout the
energy sector. These initiatives are invested in the development of sustainable
societies and are helping MC to both strengthen its corporate worth and realize
its three-value mission.1

NTT Anode was established to promote smart-energy
businesses that take advantage of the NTT Group’s proprietary ICT2
and direct-current (DC) technologies. By maximizing the group’s synergies and
optimizing use of distributed energy resources, such as storage batteries and
power generation facilities driven by renewables, the company is working with
its partners to develop new energy-distribution systems and invigorate
industry.

The MC-NTT Anode alliance will focus on the following
areas:

 (1) Renewable Energy Generation

This work will study to involve joint investment in
renewable energy projects in Japan and overseas, as well as investigation into
the possibility of supplying energy from those projects to NTT Group companies.

 (2) Energy Management with EVs and Storage
Batteries

This work will study to involve building a microgrid
platform (MGP)3 for new, decentralized energy businesses that
incorporates electric vehicles (EVs) and storage batteries, and leveraging both
those businesses and the existing networks of MC and NTT Anode to investigate unique
energy solutions.

The partners intend to develop a
battery-lifetime-management business model for EVs that will generate earnings
by optimizing battery use. They will also be installing storage batteries at
NTT's communication buildings to serve as backup power sources, and at
local-government and MC Group facilities (such as Lawson convenience stores),
where they will serve as both BCP4- and energy-management5 resources.
These businesses promise to help grow the asset value of EVs and strengthen the
energy resilience of outlying regions by promoting more widespread use of
decentralized power sources.

MC and NTT Anode are also considering application of the
technologies below as a means of enhancing value through the integrated
lifecycle management of storage batteries, including their secondary uses.

a.  Battery in the Cloud6: Developed by
Bosch, a leading global supplier of technology and services. Used to monitor
and evaluate the residual value of batteries throughout their lifecycles.

b.  Kaluza7: Enables intelligent
optimization of EVs and storage batteries. Developed by UK-based OVO Group, in
which MC invested in February 2019.

The MC Group has considerable expertise in power
generation, while the NTT Group boasts first-rate ICT and DC power-supply
technologies. Through these initiatives, MC and NTT Anode aim to combine those
strengths to provide customers with clean power options and the kind of
energy-management services that will make them more resilient to change in the
energy landscape.  

1.Simultaneous generation of economic, societal and
environmental value

2.Information and communications technologies

3.A platform that takes advantage of ICT to organically
link storage batteries, EVs, charging stations and other power facilities and
equipment within the region to provide customers with optimized energy
solutions

4.Business continuity planning

5.Emergency power supplies and sources used for energy
management (balancing supply and demand, etc.)

6.A cloud service that continuously analyzes the state of
batteries, predicts lifetime and performance, and optimizes the charging
process to control battery degradation

7.A platform that automatically controls a wide range of
energy-systems-connected smart devices, including EVs, storage batteries and
charging equipment. The Kaluza technology optimizes the devices to use off-peak
energy, thereby helping to realize zero-carbon societies.

Study framework on energy field businesses

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