Mitsubishi Heavy Industries (MHI) is to sell its battery manufacturing business and focus instead on grid-tied energy storage.
The purchaser is Taiwanese firm Delta Electronics. The two companies said they have finalized a deal giving Delta Mitsubishi’s rechargeable lithium-ion battery manufacturing concern, including machinery. The two companies will continue to work together to further develop the battery business, they said.
Meanwhile, MHI plans to shift its management resources into grid-tied energy storage systems (ESS) that use rechargeable lithium-ion batteries, with the aim of expanding the market for ESS products to sectors such as stationary large-capacity ESSs and electric buses.
“ESS products today are expected to record sustained market growth ahead as core devices for achieving power network stabilization in tandem with the introduction of wind power, solar power and other renewable energies, and for adjusting power supply vis-à-vis demand in order to save energy,” Mitsubishi said in a statement.