Published by Todd Bush on November 1, 2023
TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it has joined the 24/7 Carbon Free Energy Compact (24/7 CFE Compact), an international initiative established by the United Nations in 2021 with the goal of decarbonizing electricity worldwide. More than 130 organizations from around the world have joined the Compact, including the U.S. government, major U.S. IT companies, utilities and investment companies, and financial institutions. The phrase “24/7 CFE” means that every kilowatt-hour of electricity consumption is met with carbon-free electricity sources everywhere, every hour of every day.
>> In Other News: Mitsubishi Power Delivers First Shipment of Equipment to ACES Delta Hub for Clean Hydrogen Production at One of the Largest Systems in Construction
Mitsubishi Electric offers a variety of energy-optimization technologies and solutions that align with 24/7 CFE Compact principles for the achievement of decarbonization. One is Multi-Region EMS, a cloud service that enables prosumers (companies) to manage decarbonization targets for all of their sites by optimizing the required number of environmental-value certificates to be purchased and also by transferring renewable-energy value among various sites. The service accumulates renewable-energy value in 30-minute increments to enable precise management of environmental value. Another representative offering from Mitsubishi Electric is BLEnDer® CN for Supplier, a line of packaged software products that enable power retailers in Japan to provide consumers with carbon-free electricity plans.
Going forward, Mitsubishi Electric will actively participate in 24/7 CFE Compact activities and contribute to the achievement of 24/7 CFE by continuing to develop advanced products, systems and solution businesses, in addition to contributing to the realization of eco-friendly infrastructure.
>> In Company Spotlight: Mitsubishi Heavy Industries
For the full text, please visit: www.MitsubishiElectric.com/news/
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🛢️ Exxon's Gas Strike, EPA Smackdown, and Carbon Curveball 🏭 MHI Awarded Contract for Basic Design of Japan's Largest CO₂ Capture Plant at Hokkaido Electric Power's Tomato-Atsuma...
Inside This Issue 🌊 The Quiet Rise of Offshore CO2 Storage: North America's Emerging Frontier for Carbon Capture 🍁 Canada Invests in Carbon Capture and Storage in Alberta 🛰️ Vortex Energy Finalize...
Inside This Issue ⚖️ CDR at a Crossroads: Is Private Sector Innovation Enough to Offset Washington's Wobble? 🌱 Exomad Green’s Biochar Field Study Reveals Significant Crop Yield Improvements In Bol...
Paris, France - Natural State Renewables, a future leader in carbon-negative sustainable aviation fuel (SAF) production, is thrilled to announce its strategic partnership with Axens, a global leade...
Energy Startup Arbor Notches $41M Deals Amid Trump Reversals
Arbor, a startup that promises both CO2 removal and clean baseload power, just announced $41 million in offtake deals as it courts hyperscalers' growing energy needs. Why it matters: The contracts...
Microsoft Buys 2.95m Tons of Carbon Removal Credits From CCS Project in Denmark
Credits generated by project Gaia, an EfW joint venture between CIP and Vestforbrænding Microsoft has signed a carbon removal agreement with Gaia, a joint venture between Copenhagen Infrastructure...
Milan - Tulum Energy, a pioneering methane pyrolysis startup, has successfully closed a $27 million venture financing round. This significant investment, led by CDP Venture Capital, through its Gre...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.