Hitachi starts U.K. project to mix clean power and electric cars

Hitachi Ltd. will work on a smart-grid project in Southwest England that seeks to combine renewable energy, battery storage and electric vehicles to balance power output and usage.

Hitachi’s European unit will develop a so-called Internet-of-things platform for the 10.8 million-pound ($13.13 million) project in the Isles of Scilly, in Cornwall, according to a statement Wednesday. It’s partly funded by the European Union’s Regional Development Fund.

PassivSystems Ltd. will supply home energy management systems, and Moixa Energy Holdings Ltd. will contribute systems that allow home and electric vehicle batteries to respond to changing demand.

“This is a key investment area for Hitachi Europe Ltd. and puts us in an ideal position to build IoT engineering capabilities in the U.K. to deploy digital solutions globally,” Andres Larriera, head of Hitachi’s smart cities energy group, said in the statement.

About BloombergNEF

BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. We help commodity trading, corporate strategy, finance and policy professionals navigate change and generate opportunities.
 
Sign up for our free monthly newsletter →

Want to learn how we help our clients put it all together? Contact us