May, 16 2018 17:49 JST

Source: Hitachi, Ltd.

Solomon Power and Hitachi Conclude MoU on Resolving Energy Issues Leveraging Internet of Things


TOKYO, May, 16 2018 - (JCN Newswire) - Solomon Power and Hitachi, Ltd. (TSE: 6501) announced that they have concluded a memorandum of understanding (MoU) aimed at resolving energy issues leveraging the Internet of Things (IoT). The ultimate goals are to lower energy costs and to improve energy security for the Solomon Islands.

The Solomon Islands is a country composed of about 1,000 large and small islands. The majority of its approximately 600,000 residents rely on diesel power generation and the country imports all the fossil fuel used to generate this power. Solomon Power is actively moving forward to reduce energy costs and improve energy security by providing power to more of the region's residents via renewable energy sources and by reducing fuel consumption.

Hitachi is expanding its social innovation business in collaboration with customers to resolve societal challenges, leveraging its social infrastructure expertise cultivated over many years, and the latest digital technologies. To advance the use of renewable energy, Hitachi draws upon its experience in the construction of high-efficiency solar and wind power stations and its expertise in applying IoT technology to ensure power-generation stability.

Under this MoU, Hitachi will begin the collaborative creation with Solomon Power to design a solar power plant and structure the business, involving the stakeholders related to the construction and operation of the solar plant.

Going forward, Solomon Power and Hitachi will work together toward the shared vision of an IoT-enhanced solar power station for the Solomon Islands.

About Solomon Power

Solomon Islands Electricity Authority trading as Solomon Power is a state owned enterprise with its head office located in Honiara, the capital city of Solomon Islands. Solomon Power is responsible for providing a stable source of electricity to the entire Solomon Islands based on a mixed-energy policy that includes renewable energy.


About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, delivers innovations that answer society's challenges, combining its operational technology, information technology, and products/systems. The company's consolidated revenues for fiscal 2017 (ended March 31, 2018) totaled 9,368.6 billion yen ($88.4 billion). The Hitachi Group is an innovation partner for the IoT era, and it has approximately 307,000 employees worldwide. Through collaborative creation with customers, Hitachi is deploying Social Innovation Business using digital technologies in a broad range of sectors, including Power/Energy, Industry/Distribution/Water, Urban Development, and Finance/Social Infrastructure/Healthcare. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.


Contact:
Keiji Kitagawa
Strategy and Business Development Department Planning Group, 
Global Strategy Planning Division, 
Social Innovation Business Division, 
Hitachi, Ltd.
+81-3-3763-2411
Source: Hitachi, Ltd.
Sectors: Enterprise IT, Alt. Energy

Copyright ©2019 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Related Press Release


Hitachi Announces Suspension of UK Nuclear Power Stations Construction Project and Posting of Impairment Loss and Related Expenses
January 17 2019 18:20 JST
 
Hitachi Wins 600 EMU Train Cars for Intercity Express Service from the Taiwan Railways Administration
January 15 2019 16:34 JST
 
Hitachi Automotive Systems Develops Technology for On-board Stereo Cameras
January 08 2019 13:29 JST
 
Hitachi Automotive Systems Concludes Share Transfer Agreement with PTC2 Holdings
December 27 2018 08:32 JST
 
Restructuring of Automotive Lithium-Ion Battery Business
December 26 2018 08:05 JST
 
Hitachi to Strengthen Energy Solutions Business with the Acquisition of ABB's Power Grids Business
December 18 2018 07:25 JST
 
Hitachi to Transfer Shares in Hitachi Procurement Service to Infosys, Panasonic, and PASONA
December 14 2018 13:10 JST
 
Hitachi Automotive Systems to Transfer its Commercial Vehicle Steering Business to Knorr-Bremse
December 10 2018 08:39 JST
 
Hitachi Launches "TWX-21 Source to Contract Service" a product of JAGGAER's S2C Application Suite and Hitachi's Installation Expertise
December 04 2018 11:04 JST
 
International Standards Adopted by ITU-T to Address Soft Errors Affecting Telecommunication Equipment
November 23 2018 08:01 JST
 
More Press release >>

Latest Press Release


More Latest Release >>