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Joint Japan-France Demonstration of Energy Storage System Project

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Utilization of used lithium-ion batteries from electric-powered vehicles

Energy Storage System Project
TOKYO, July 10, 2015 - (JCN Newswire) - Mitsubishi Motors Corporation (MMC) and Mitsubishi Corporation (MC) are pleased to announce the launch of a joint demonstration project for utilizing used lithium-ion batteries from electric-powered vehicles. The project will be executed in partnership with Electricite de France (EDF), Forsee Power, a key provider of energy storage solutions sponsored by EDF, and PSA Peugeot Citroen. The demonstration project will be inaugurated in September 2015 at Forsee Power's new Headquarters near Paris (France).

The purpose of the project is to demonstrate efficient and economically feasible energy management practices based on the optimization of electricity storage, charging and generation technology with respect to existing demand.

The System includes the following:
- High voltage (330 volts) Energy Storage System made from Peugeot iOn, Citroen C-Zero and Mitsubishi Motors i-MiEV used automotive battery packs
- Low voltage (48 Volts) Energy Storage System use of new automotive batteries
- Bi-directional battery energy consumption optimization (car to building and building to car)

Especially in Japan and France where the electric-powered vehicles are becoming popular, the utilization of used lithium-ion batteries is an important factor towards the realization of a sustainable society.

The related parties aim to establish a realistic and economically viable business model combining track record in electric-powered vehicle sales (MMC, PSA Peugeot Citroen), technical capability in Energy Storage Systems (Forsee Power) and business know-how in the electric power industry (EDF, MC).

The related companies will consider establishing a new business model with energy storage systems utilizing such used batteries in the European market including France.

About Mitsubishi Motors

Mitsubishi Motors Corporation is the fifth largest automaker in Japan and the fifteenth largest in the world by global unit sales. It is part of the Mitsubishi keiretsu, formerly the biggest industrial group in Japan, and was formed in 1970 from the automotive division of Mitsubishi Heavy Industries.

Throughout its history it has courted alliances with foreign partners, a strategy pioneered by their first president Tomio Kubo to encourage expansion, and continued by his successors. A significant stake was sold to Chrysler Corporation in 1971 which it held for 22 years, while DaimlerChrysler was a controlling shareholder between 2000 and 2005. Long term joint manufacturing and technology licencing deals with the Hyundai Motor Company in South Korea and Proton in Malaysia were also forged, while in Europe the company co-owned the largest automobile manufacturing plant in the Netherlands with Volvo for ten years in the 1990s, before taking sole ownership in 2001.

Source: Mitsubishi Motors

Contact:
Public Relations Department
http://www.mitsubishi-motors.com 
+81-3-6852-4275




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