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Mitsubishi Electric expands PV business

Mitsubishi Electric Corporation's president and CEO Setsuhiro Shimomura, has announced the group is expanding its global warming-related business, mainly in photovoltaic (PV) systems.
In a statement this week, Mitsubishi Electric said 'The company will extend its PV business to rapid-growing fields such as the industrial and large-volume power generation markets, with the aim of achieving global sales of 250 billion yen (£1.6 billion) in fiscal 2016 -up from 50 billion yen sales (£320 million) in fiscal year ended March 31, 2008.

Mitsubishi Electric also intends to step up its heat pump-related business and says it has been working to improve performance and efficiency in key areas such as compressors and heat exchangers.

The company will globally expand its heat pump- related businesses, including room air conditioners, package air conditioners and hot water supply systems, to increase sales to 800 billion yen (£5 billion) in fiscal 2016 up from 570 billion-yen sales (3.6 billion) in fiscal 2008.

To strengthen its heat pump related businesses, Mitsubishi Electric is working to increase its sales target to 610 billion yen in fiscal 2010 (£3.9 billion), up from the previous 550 billion yen (£3.5 billion).

Mitsubishi Electric will acceleration its air-to-water business in Europe, with its efficient heat pump hot water supply system helping to achieve the company’s sales target of 50 billion yen (£320 million) in fiscal year 2013.

Mitsubishi Electric has prioritised its global warming related operations, in accordance with its commitments mentioned in its “Environmental Vision 2021,” in October 2007. This highlights the group's commitment to reduce CO2 emissions from product use by 30% and expand power generation that does not emit CO2, with solutions such as PV and nuclear power generation.
6 November 2008


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Attitudinal shift towards low carbon heating as energy concerns take hold

Samsung has announced the results of a study which revealed that the UK might be nearing a tipping point on attitudes towards low carbon heating solutions such as heat pumps.

Some 78% of heating industry professionals said demand for heat pumps had increased in the last five years, with seven out of 10 professionals now seeing heat pumps as a more viable solution versus a few years ago.



Combat launches range of Elite Pro Unit Heaters

Combat Heating Solutions, Europe’s leading developer and manufacturer of energy efficient warm air heating and radiant systems, are delighted to introduce you to their range of Elite Pro Unit Heaters, Models EPU 30-115kW, one of the most effective ...


If you need to open a Solenoid Valve manually, you need a SVOM!

If you need to open a Solenoid Valve manually, you need a SVOM!
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