ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

MHI Thermal Systems Receives "The Energy Conservation Center, Japan Chairman's Award" at the 2021 Energy Conservation Grand Prize

TOKYO, Dec 23, 2021 - (JCN Newswire) - Mitsubishi Heavy Industries Thermal Systems, Ltd. (MHI Thermal Systems), a part of Mitsubishi Heavy Industries (MHI) Group, has won the Energy Conservation Center, Japan Chairman's Award in "Best Practice Category" at the 2021 Energy Conservation Grand Prize sponsored by the Energy Conservation Center, Japan (ECCJ), with support from Ministry of Economy, Trade and Industry (METI). This award was presented for measures relating to energy savings from a factory heating and cooling system utilizing an aquifer(1) thermal energy storage (ATES) system. The use of underground water stored in aquifers as a source of heat for heating and cooling systems is highly regarded for its energy conservation potential, environmental performance, and other benefits. This is the first time MHI Thermal Systems has received an award in Best Practices Category.

The initiative recognized with this reward is the introduction of an ATES system that takes advantage of the unutilized energy of 700kw in geothermal heat for the heating and cooling system at the MHI Thermal Systems Kobe Works, located on the grounds of the MHI Kobe Shipyard & Machinery Works in Hyogo Prefecture. This system provides efficient use of energy by allowing for the cyclical use of heat across seasons, utilizing the cold exhaust from heating during the wintertime for air conditioning during the summer, and warm exhaust from air conditioning during the summertime for heating during the winter. In addition, the reduction in heat emissions into the atmosphere, an underground heat balance of zero for the full year period, and other benefits, contribute to cutting CO2 emissions, alleviating the heat island effect, and preventing global warming.

Additional energy‐saving measures adopted for the ATES system include the use of a high-performance inverter centrifugal heat pump(2) with low-GWP(3) refrigerant, adoption of an optimal control system, introduction of visualization systems to assess energy usage and heat source well performance, and utilization of initial year operating data for long-term operation from the second year and beyond. As a result, compared to a gas absorption cold/hot water heater with similar capacity, this system provides a reduction in annual primary energy consumption equivalent to 46.5kL in crude oil per annum (reduction rate of 49.9%), and CO2 reductions of 109.1 tonnes per annum (reduction rate of 65.3%).

The ECCJ Energy Conservation Grand Prize were established in 2011 to raise awareness of energy conservation, promote related activities and initiatives, and contribute to the widespread adoption of energy-efficient products and practices. The annual awards program recognizes outstanding energy-saving initiatives at businesses or workplaces that serve as examples for other companies, or outstanding energy-saving products and business models.

MHI Thermal Systems, encouraged by this award, will continue to develop technologies and products that further contribute to energy conservation. In addition, by drawing on the collective technological capabilities realized through synergies generated from its wide-ranging business domain, including the thermal engineering business to enhance energy efficiency in many types of production plants, the large-scale refrigerator business for cooling large spaces, and the air conditioning business to create a wide range of comfortable spaces, as well as the transport refrigerating systems business essential to cold chains, and the automotive air-conditioning business, MHI Thermal Systems will focus on achieving optimal thermal solutions to meet the varied needs of customers.

(1) An aquifer is an underground layer composed of gravel or other materials. Because the groundwater stored in this layer is cooler than the ambient temperature in summer and warmer in winter, it is considered unutilized temperature difference energy with high utility value as a heat source.
(2) The use of warm water specifications based on the ETI-Z Series of centrifugal chillers for air conditioners manufactured by MHI Thermal Systems allows for switching between heating and cooling modes. See the following press release for more information on the ETI-Z Series.
https://www.mhi.com/news/1506101900.html
(3) Global Warming Potential (GWP) is a coefficient, with CO2 fixed at a GWP of 1.0. Smaller values indicate greater environmental performance.

Source: Mitsubishi Heavy Industries, Ltd.

Copyright 2021 JCN Newswire . All rights reserved.
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.