by Martin LaMonica Font size Print E-mail Share 1 comment Share
Mitsubishi Electric on Monday said it will invest about $76 million in a smart-grid project, part of a companywide push into equipment for modernizing the electricity grid.
The company will create two installations–a residential-size building and a commercial facility–which will have on-site power generation through photovoltaic panels and local energy storage with rechargeable batteries. The flow of energy will be managed and optimized by power electronics and smart meters to test the performance of the equipment.
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