Arab News Japan

TOKYO: Mitsubishi Heavy Industries (MHI) has invested in American company Element Energy, which is developing cutting-edge battery technology for electric vehicles (EV) and other energy storage purposes, including affordable power system solutions and behind the meter applications such as solar panels, battery storage and generator equipment.

Element Energy utilizes proprietary hardware and software algorithms to improve the safety, intelligence, and economics of large-format battery systems. The battery management technology company was founded in 2019 and has its headquarters in California.

Element’s technology is being evaluated in a pilot project in the United States and it is expected to be commissioned in early 2024.

MHI says it has been looking at ways to contribute to the realization of a decarbonized society and sees the investment in Element as strengthening its technology and supply chain. MHI aims to provide affordable power system solutions for behind the meter customers to seek solutions to combat energy price rises and supply volatility.