Mitsubishi Electric to Extend Sustainable Growth in Global-Warming Related Businesses

Mitsubishi Electric Corporation announced that the Mitsubishi Electric Group intends to expand its global warming-related business, mainly in photovoltaic (PV) power generation systems, heat pump-related and power device businesses, to achieve sales of 1,300 billion yen in fiscal 2016 (ending March 31, 2016), also reducing over 5.1 million tons of annual carbon dioxide (CO2) emissions in the same fiscal year.
 
In October 2007, the Mitsubishi Electric Group announced “Environmental Vision 2021,” making commitments to reduce CO2 emissions from product use by 30% and also to contribute to the expansion of power generation that does not emit CO2, such as PV and nuclear power generation. The Mitsubishi Electric Group sets 2021 as the target year, commemorating the 100th anniversary of the company’s founding.
 
Mitsubishi Electric has positioned the global warming-related business as one of its prioritized company-wide businesses that are growing, in relation to the commitments mentioned in the “Environmental  Vision 2021, which involve a wide range of the company’s business fields. 

Mitsubishi Electric sells PV systems for the residential and other PV markets, with highly efficient technologies that have achieved the world’s highest conversion efficiency rate of 18.6 percent in a
multi-crystalline silicon PV cell, as well as inverters for the Japanese residential market with a DC/AC conversion efficiency rate of 97.5 percent.
 
The company will extend its PV business to rapid-growing fields such as the industrial and large-volume power generation markets, with an aim to achieve global sales of 250 billion yen in fiscal 2016 from a 50 billion yen sales in fiscal 2008 (ended March 31, 2008), and to reduce 350,000 tons  of annual CO2 emissions. 

To strengthen its PV business, Mitsubishi Electric focuses on R&D initiatives pertaining to the following:
• 100 kilowatt-gradationally controlled voltage type inverters for the global industrial market. Targets a DC/AC conversion efficiency rate of 97.5 percent. 
•Thin-film PV silicon cell with a tandem structure of 3 layers, suitable for large-volume PV systems. Targets a conversion efficiency rate of 15 percent.