Mitsubishi join demonstration project for lithium-ion batteries
Mitsubishi announced they will join a demonstration project which concentrates the utilisation of lithium-ion batteries from EVs. The project is in partnership with Forsee Power which is a key provider of energy storage solutions and aims to demonstrate efficient and economically feasible energy based on energy storage systems as well as charging and generation technology.&nbsp;
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 Electricité de France (EDF), Forsee Power, a key provider of energy storage solutions sponsored by EDF, and PSA Peugeot Citroën. … Continued

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 Electricité de France (EDF), Forsee Power, a key provider of energy storage solutions sponsored by EDF, and PSA Peugeot Citroën. 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 Citroën), 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.

Role of Each Party