ETFOptimize | High-performance ETF-based Investment Strategies

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


ETFOptimize | HOME
Close Window

Demand-response Demonstration Experiment with Heat Pumps Begins under EU "REACT" Project

Using renewable energy to verify energy supply and demand optimization on remote islands and their effect on independence

Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its European subsidiary Mitsubishi Electric R&D Centre Europe B.V. started a demonstration experiment on May 25 in the Irish Aran Islands to evaluate the effectiveness of heat pump control for demand response as part of the REACT project to demonstrate energy independence for remote islands. The project, which is co-funded by the European Union Horizon 2020 programme, will use heat pump systems deployed at the Aran Islands in Ireland, and San Pietro Island in Italy.

Renewable energy sources, such as photovoltaic (PV) panels and wind turbines, are important technologies for tackling climate change because they do not emit CO2 when generating electricity. Remote islands face geographical and structural challenges due to their high dependence on fossil fuels and energy supplies from the mainland. The REACT islands are expected to make maximum use of renewable energy to achieve an increased level of energy independence.

REACT is an Innovation Action project involving 22 partners including companies and academic institutions from 11 EU countries. The project will demonstrate a community-centric approach to energy management for remote islands using distributed renewable energy generation and storage technologies with demand-response to balance power supply and demand. The project aims to achieve energy savings of 10%, a 60% reduction in greenhouse gases, and a 50% increase in the use of renewable energy, compared to a baseline operation case before the application of the REACT solution.

For the full text, please visit: www.MitsubishiElectric.com/news/

Contacts

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.