FOR IMMEDIATE RELEASE No. 3220
Lowers electric power costs by optimizing EV charging and discharging
TOKYO, October 25, 2018 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has developed a technology for efficiently managing photovoltaic (PV) and other power-generation systems and also the charging/discharging of electric vehicles (EVs) parked on company campuses. By optimizing the schedules for not only charging EVs but also discharging their power back into the company, as well as optimizing the operation of PV and other power-generation systems according to the fluctuating unit price of electricity sold on the grid, Mitsubishi Electric's new system enables companies to reduce their electric-power costs.
This November, Mitsubishi Electric and its affiliate Mitsubishi Electric (China) Co., Ltd. will conduct a joint-demonstration test of the new technology at the factory of Mitsubishi Electric Automotive (China) Co., Ltd. in Changshu in China, where the use of EVs is expected to advance rapidly.
Going forward, Mitsubishi Electric will continue research and development of its new energy-management technology aiming for even higher efficiency and performance. Further, by combining the technology with the company's energy management systems it expects to continuously expand its energy related business.
Note that the releases are accurate at the time of publication but may be subject to change without notice.