MHI Invests and Signs MOU with Element Energy to Diversify Solutions with Next Generation Energy Storage Technology
2023-11-16
Tokyo, Japan, November 15, 2023 - Mitsubishi Heavy Industries, Ltd. (MHI) announced today that it has invested in Element Energy (Element, Headquarters: California, USA) that is developing the cutting-edge energy storage technology. The investment has been executed through Mitsubishi Heavy Industries America, Inc. (MHIA). MHI and Element also signed a memorandum of understanding (MOU) to develop affordable power system solutions and business model for Behind the Meter applications.
