TOKYO, Nov 29, 2024 - (JCN Newswire via SeaPRwire.com) - Mitsubishi Heavy Industries, Ltd. (MHI) and Hokuetsu Corporation, one of Japan's leading paper manufacturers, launched a CO2 capture demonstration test at Niigata Mill (Niigata City), in November. This demonstration test aims to capture CO2 from a chemical recovery boiler that produces the steam and electricity needed for paper manufacturing, by using MHI's "CO2MPACT™ Mobile(Note)", a compact CO2 capture system. This is the first case in which MHI's CO2 capture technology is being applied to the pulp and paper industry. This demonstration test will allow MHI to analyze and evaluate data for commercial application and accelerate decarbonization in this industry.Chemical recovery boilers use "black liquor" as their main fuel, which is generated as a by-product in the pulp production process, the raw material for paper. The wood chips are dissolved in a sodium-containing solvent known as "white liquor" to extract the pulp, and the white liquor component is recovered from the black liquor residue that remains after combustion and is re-circulated for reuse.As the need for decarbonization grows around the world, Japan is also actively engaged in decarbonization efforts in various industrial sectors. And the pulp and paper industry is one of them. This demonstration test is expected to provide the pulp and paper industry with a solution that contributes to further global environmental measures by directly capturing CO2 emissions in the production process.MHI Group has formally declared its intent to achieve carbon neutrality by 2040, and the Company is now working strategically to decarbonize both the energy demand and supply sides. A core element of the Company's "Energy Transition," which targets decarbonization on the energy supply side, is the development of a CCUS value chain integrating diverse sources of carbon emissions with modes for carbon storage and utilization. Going forward, MHI Group will continue to proactively promote its CCUS business worldwide, applying its proprietary CO2 capture technologies, contributing as a solutions provider to reducing greenhouse gas emissions on a global scale, and developing further solutions that contribute to environmental protection.For details of the "CO2MPACT™" series, see the following press release: www.mhi.com/news/240919.htmlAbout MHI Group's CO2 capture technologiesMHI Group has been developing the KM CDR Process™ (Kansai Mitsubishi Carbon Dioxide Recovery Process) and the Advanced KM CDR Process™ in collaboration with the Kansai Electric Power Co., Inc. since 1990. As of November 2024, the Company has delivered 18 plants adopting these processes. The Advanced KM CDR Process™ adopts the KS-21™ solvent, which incorporates technological improvements over the amine-based KS-1™ and offers superior regeneration efficiency and lower deterioration than the KS-1™, and it has been verified to provide excellent energy saving performance, reduce operation costs, and result in low amine emissions.For further information on MHI Group's CO2 capture plants:https://www.mhi.com/products/engineering/co2plants.htmlAbout MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2024 JCN Newswire via SeaPRwire.com.

TOKYO, Nov 29, 2024 - (JCN Newswire via SeaPRwire.com) - Mitsubishi Electric Corporation (TOKYO: 6503) (hereafter, Mitsubishi Electric) announced today that it acquired all shares of Norwegian elevator company ALT Heis (headquartered in Bergen, Norway) on November 29 through its wholly owned subsidiary, Motum (headquartered in Stockholm, Sweden).Mitsubishi Electric and Mitsubishi Electric Building Solutions Corporation (hereafter, MEBS) are aiming to expand their elevator maintenance business globally, and the present acquisition follows the 2023 acquisition of UNIHEIS (headquarters: Oslo, Norway).Through this acquisition, we will expand our maintenance business in Norway and further strengthen our business foundation by promoting a strategy aimed at increasing our elevator maintenance stock in the European market, where we anticipate continued growth in demand for maintenance and renewal.Comments from Each PartyTomas Knutsen, CEO of ALT Heis AS“Our company places the highest priority on customer satisfaction and delivering high-quality services. By joining forces with Motum AB, we are confident that we will be able to strengthen the business foundation we have built up over many years, further improve the quality of our services, and provide our valued customers with innovative solutions.”Fredrik Eliasson, CEO of Motum AB“ALT Heis’s commitment to service and customer satisfaction are in perfect alignment with Motum’s values and goals. This acquisition will bring direct benefits to our customers as it will expand the range of products and services we provide and strengthen the capabilities of our group. As a multi-subsidiary group operating in Sweden and Norway, ALT Heis joining the Motum family enable us to serve the market as an integrated provider across a larger geographic area.”Iwao Oda, Executive Officer, Group President, Building Systems, Mitsubishi Electric Corporation / Representative Director, President & CEO, Mitsubishi Electric Building Solutions Corporation“We have positioned the expansion and reinforcement of our European business as one of the core strategies of our building systems business. Following our previous acquisition of UNIHEIS, this latest acquisition will further strengthen our position in Norway, and we will continue to actively pursue M&A strategies with the aim of achieving sustainable growth.”Reasons for The Acquisition of ALT HeisIn the building systems business, one of Mitsubishi Electric’s key growth businesses, MEBS, a consolidated subsidiary established in April 2022, is engaged in providing products and services and expanding its operations by making the most of its integrated system, which encompasses everything from development and manufacturing to maintenance and renewal. In the overseas elevator business, particularly in the mature European market, demand for maintenance and renewal is expected to grow against the backdrop of an increasing number of aging elevators and heightened environmental awareness, and we are in the process of building a system that will make it possible for us to provide our customers with value more rapidly.Since 2019, ALT Heis has been focusing on the elevator maintenance and renewal business in Bergen, Norway’s second largest city after Oslo. With the acquisition of ALT Heis by Motum, we will further strengthen our business foundation while promoting a strategy of expanding our elevator maintenance stock in Europe, with the aim of comprehensively extending our reach throughout the main regions in Norway where demand is concentrated.About ALT HeisNameALT Heis ASLocationBergen, NorwayEstablishment2019Employees25 (As of September 30, 2024)BusinessSales, installation, and maintenance of elevators, primarily in Norway About MotumNameMotum ABLocationStockholm, SwedenEstablishment2013EmployeesApproximately 400 (As of September 30, 2024)BusinessSales, installation, maintenance, and modernization of elevators, and automatic doors, primarily in Sweden About Mitsubishi Electric CorporationWith more than 100 years of experience in providing reliable, high-quality products, Mitsubishi Electric Corporation (TOKYO: 6503) is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. Mitsubishi Electric enriches society with technology in the spirit of its “Changes for the Better.” The company recorded a revenue of 5,257.9 billion yen (U.S.$ 34.8 billion*) in the fiscal year ended March 31, 2024. For more information, please visit www.MitsubishiElectric.com *U.S. dollar amounts are translated from yen at the rate of ¥151=U.S.$1, the approximate rate on the Tokyo Foreign Exchange Market on March 31, 2024About Mitsubishi Electric Building Solutions CorporationMitsubishi Electric Building Solutions Corporation is a consolidated subsidiary of Mitsubishi Electric Corporation established in April 2022 that conducts a comprehensive range of operations in the building systems business, from development and manufacturing to maintenance and renewal. As a building solutions provider, we support the economic and social infrastructure through one-stop integrated solutions that combine a wide range of building-related products and services, including elevators, escalators, air conditioning and refrigeration equipment, and building systems, as well as with our extensive experience in building operation and management, and advanced digital technology. From buildings to building complexes and even entire cities, we contribute to enriching human life in buildings and urban spaces by solving a wide variety of issues that are closely linked to people and society, with the ultimate aim of realizing smart cities. For more information, please visit www.mebs.com/ Customer Inquiries Global Business Development GroupStrategic Planning Office (LBS)Mitsubishi Electric CorporationTel: +81-3-3218-2950www.MitsubishiElectric.com/Media Inquiries Public Relations Division Mitsubishi Electric Corporationprd.gnews@nk.MitsubishiElectric.co.jp Corporate Communications Division Mitsubishi Electric Building Solutions CorporationTel: +81-3-6206-5030a_mebs_press@meltec.co.jp Press Release: https://www.acnnewswire.com/docs/files/20241129.pdf Copyright 2024 JCN Newswire via SeaPRwire.com.

ZURICH, SWITZERLAND, Nov 29, 2024 - (JCN Newswire via SeaPRwire.com) - Hitachi Energy will provide onshore and offshore grid connection equipment and power quality solutions to ScottishPower Renewables, part of the Iberdrola Group, a global leader in renewable energies. The project will enablethe integration of 960-megawatt (MW) of renewable electricity from the East Anglia TWO (EA TWO) wind farm, located 32 km off the Suffolk coast of England. This will provide enough green power for the equivalent of almost one million homes and significantly contribute to the UK's 2030 energy targets.The energy landscape is growing at an unprecedented pace, and integrating renewables into the grid at scale reveals new challenges, such as lack of inertia, power imbalances, limited interconnections, and voltage instability. Through projects like EA TWO, Hitachi Energy's domain expertise and large installed base in power quality solutions are helping countries overcome these challenges to enhance the use of renewable energy and meet carbon neutrality targets.In this spirit of collaboration and co-creation, Hitachi Energy and ScottishPower Renewables have set new advanced solutions and quality standards to accelerate the energy transition through offshore wind.“Connecting the clean, green generation from our turbines to the grid is a vital part of any renewables project and it’s great to be in such capable hands with Hitachi Energy for East Anglia TWO,” said Ross Ovens, ScottishPower Renewables’ Managing Director for Offshore. “This £4 billion windfarm will have the capacity to power almost onemillion homes with green electricity and will help drive the country forward on its clean energy mission. We can only achieve that by partnering with leading companies like Hitachi Energy and we look forward to working together to make that happen.”"We are proud to work with ScottishPower Renewables to accelerate the clean energy transition. Integrating bulkrenewables such as wind power is critical to accelerating the energy transition and is also an effective and long-term solution to decarbonize power," says Niklas Persson, Managing Director, Business Unit Grid Integration, Hitachi Energy. "We are playing our part in integrating renewables and enabling Europe to become the world's first climate- neutral continent by 2050."Hitachi Energy will provide Grid-eXpandTM Offshore solutions and onshore grid connection equipment using an EconiQTM gas-insulated switchgear. The Grid-enSure™ power quality solution, SVC Light STATCOM, will play a key role in using power electronics and advanced control systems to ensure reliable, flexible, and stable power despite theintermittent nature of wind power.Hitachi Energy's leading grid integration equipment and power electronics solutions continue laying the foundation fora resilient and flexible grid, supporting the European energy system's transformation to sustainable power.About Hitachi EnergyHitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We are advancing the world’s energy system to be more sustainable, flexible and secure and we collaborate with customers and partners to enable a sustainable energy future – for today’s generations and those to come. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries, serving customers in utility, industry, transportation, data centers and infrastructure sectors. With innovative technologies and services including the integration of more than 150 gigawatts of HVDC links into the power system, we help make the energy value chain more efficient, making electricity more accessible to all. Together with stakeholders across sectors and geographies, we enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. Headquartered in Switzerland, we employ around 45,000 people in 60 countries and generate business volumes of around $13 billion USD.www.hitachienergy.com www.linkedin.com/company/hitachienergyhttps://twitter.com/HitachiEnergyAbout Hitachi, Ltd.Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the 3 business sectors of “Digital Systems & Services” – supporting our customers’ digital transformation; “Green Energy & Mobility” – contributing to a decarbonized society through energy and railwaysystems, and “Connective Industries” – connecting products through digital technology to provide solutions in variousindustries. Driven by Digital, Green, and Innovation, we aim for growth through co-creation with our customers. The company’s revenues as 3 sectors for fiscal year 2023 (ended March 31, 2024) totaled 8,564.3 billion yen, with 573 consolidated subsidiaries and approximately 270,000 employees worldwide. For more information on Hitachi, please visit the company's website at www.hitachi.com. Copyright 2024 JCN Newswire via SeaPRwire.com.

Toyota City, Japan, Nov 29, 2024 - (JCN Newswire via SeaPRwire.com) - TOYOTA GAZOO Racing (TGR) announced today a partially upgraded model of the Supra (3.0-liter) and the special-edition Supra "A90 Final Edition". The special-edition model is slated for global release with a limited run of 300 units. The planned regions for introduction and scheduled sales-launch timing are described below.Supra (3.0-liter) Partially upgraded modelGradual global introduction, including in Japan, Europe, and Australia, etc.Sequentially from spring 2025Special-edition modelSupra "A90 Final Edition"JapanEuropeJapan: Under considerationEurope: In spring 2025Ever since its first generation*1 in 1978, the Toyota Supra has earned legions of fans with its faithfully retained front-engine, rear-wheel-drive layout powered by an in-line six-cylinder engine*2. Also, in addition to the Supra having competed in the Super GT and numerous other types of motorsports events, the Supra-based, race-specific GR Supra GT4 has enabled customers to enjoy driving in various races around the world.In 2019, driven by the strong desire of Chairman Akio Toyoda, aka Master Driver Morizo, the Supra stormed back after a 17-year absence. Said Chairman Toyoda upon its release: "Back in the day, I spent countless hours driving an old Supra at Nürburgring to become a master driver. Supra is like an old friend that holds a special place in my heart. While other manufacturers were putting their beautiful new prototypes which they were going to introduce through the paces, I was driving an old Supra that was no longer in production. So even though Toyota had no plans to make a new Supra, just like a lot of other die-hard Supra fans around the world, I secretly wanted to make it happen. The new GR Supra was born through testing at Nürburgring, and I can honestly say that it is a car that is fun to drive and better than ever." The current Supra has continued to evolve since its launch, with partially upgraded models released in 2020 and 2022.The latest partially upgraded Supra aims to deliver a more integrated driving experience for unrestrained driving joy not only on city streets but also on winding roads and circuits. It features improved braking performance for safety and security, an increased-rigidity body, suspension, and chassis, optimized tuning, and enhanced aerodynamic performance.Additionally, to express its gratitude to current-model Supra fans around the world for their patronage, and for the model being favored by numerous teams in various motorsports such as GT racing, drift competitions, and NASCAR, TGR has created the limited special-edition Supra "A90 Final Edition" as the current model's culmination. This special-edition Supra boasts numerous upgraded driving-related elements, such as increased engine output and torque, strengthened brakes and body rigidity, and a KW suspension system, with such systems being a racing car favorite, and the use of high-grip tires. The result is a special, ultimate high-performance, high-spec model that has been optimally tuned in sync with the Supra's natural evolution.Although the production of the current Supra is scheduled to end with the Supra "A90 Final Edition" as the model's culmination, TGR will continue to hone the Supra through motorsports activities going forward.(1) Debuted in 1978 in North America as the Celica Supra and in Japan as the Celica XX; the Japanese-market first-generation Supra (launched in 1986) was the third-generation Supra elsewhere.(2) The current Supra is also available with an in-line four-cylinder engine.(3) Alcantara® is a registered trademark of Alcantara S.p.A.For more information, visit https://global.toyota/en/newsroom/toyota/41894560.html.About Toyota Toyota strives to be a strong corporate citizen, engaging with and earning the trust of its stakeholders, and to contribute to the creation of a prosperous society through all its business operations.Our corporate principles form the basis of our initiatives, reflect values that enable action, and drive our mindset.For the latest Toyota-related news and information:https://tinyurl.com/ToyotaPressReleasenewsroom@global.toyota Copyright 2024 JCN Newswire via SeaPRwire.com.