News
Note that the releases are accurate at the time of publication but may be subject to change without notice. This page shows only the most recent items. For the full archive of press releases please click "Search by category or year."
Mitsubishi Electric to Strengthen Production Facilities for Energy System Business in U.S. and Japan
TOKYO,October 30, 2024 - Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its U.S. subsidiary Mitsubishi Electric Power Products, Inc., headquartered in Pittsburgh, Pennsylvania, will invest approx. USD 86 million (approx. 12 billion yen*) in advanced switchgear production and power electronics in the U.S. This investment is driven by the increasing demand for transmission and distribution grid products as the U.S. moves toward its renewable energy and decarbonization goals. Combined with Mitsubishi Electric's investment in a factory in Japan, the Mitsubishi Electric Group' total investment of approx. USD 110 million (approx. 16 billion yen*) will strengthen its energy system production capabilities both in Japan and overseas.
Mitsubishi Electric Power Products will construct a new approximately 160,000 square foot Advanced Switchgear Factory in Western Pennsylvania, marking Mitsubishi Electric Power Products' first new manufacturing facility in over a decade. Initially, the factory will focus on the production of both vacuum and gas circuit breakers. As the factory scales its operations, it will transition to predominantly manufacturing vacuum circuit breakers, aligning with Mitsubishi Electric Power Products' commitment to meet the evolving needs of U.S. electric utilities and support the nation's broader decarbonization efforts. Upon reaching full capacity, it is anticipated that the facility will employ more than 200 full-time workers.
Mitsubishi Electric Power Products will also expand and upgrade its existing facilities in Warrendale, PA, with investments in power electronics and test labs. In addition, Mitsubishi Electric will invest in its Transmission & Distribution Systems Center, a Japan-based factory, to improve its productivity of switchgear, including key components. This investment is also aimed at meeting the rapidly growing demand for electricity. Mitsubishi Electric Group will further contribute to stable electric power supply by enhancing its production capabilities and supply chains in energy system business.
Tricia Breeger, President and CEO of Mitsubishi Electric Power Products, emphasized the strategic importance of these investments, stating, "At Mitsubishi Electric Power Products, we lead with innovation. By investing in this state-of-the-art switchgear factory, we will better serve our customers, and we will significantly advance the production of critical components that strengthen both distribution and transmission grids while driving new technologies forward in support of the nation's decarbonization initiatives. Our switchgear and power electronics solutions are essential for meeting the growing demand for electricity, from powering homes and businesses to supporting the rapid expansion of data centers."
Mitsubishi Electric Power Products will implement advanced software and automation technologies both at the new switchgear factory and within its existing switchgear operations. Breeger continued, "By introducing process improvements, we will optimize operational efficiency and maintain our commitment to product quality, ensuring that we meet the growing energy needs of the U.S. while staying at the forefront of technological innovation."
The Commonwealth of Pennsylvania is investing in Mitsubishi Electric Power Products' expansion. The company received a funding proposal from the Department of Community and Economic Development (DCED) for a $4 million Redevelopment Assistance Capital Program (RACP) grant and a $2.75 million Pennsylvania First grant.
"Pennsylvania is open for business, and we are working every single day to make our Commonwealth the best state in the nation for business growth and economic opportunity," said Pennsylvania Governor Josh Shapiro. "Right here in the Pittsburgh region, we're making targeted investments to attract more projects like Mitsubishi Electric Power Products', boost our economy, and create good-paying jobs for Pennsylvanians. Since day one, my Administration has been focused on building a stronger economy that creates opportunities and a brighter future for our communities - and these jobs are yet another step forward in that work."
* Calculated at a rate of 1 USD = 142.7 yen (TTM rate as of the end of September 2024)
Inquiry
Search by category or year
There are no articles for the condition you specified.
-
- Corporate News
- Factory Automation Systems
- Industry & Mobility
Mitsubishi Electric’s ME Innovation Fund Invests in AI-assisted PLM Systems Startup “Things”Targeting digital solutions that improve operational efficiency and productivity in manufacturing
-
- Corporate News
Mitsubishi Electric Announces Status of Company Stock Repurchase -
- Research & Development
Mitsubishi Electric Develops Edge-device Language Model for Domain-specific ManufacturingLeverages data augmentation to optimize language-model responses for user applications
-
- Research & Development
- Semiconductor & Device
Mitsubishi Electric Achieves World’s First Performance Verification of GaN Power Amplifier Module for 5G-Advanced Base StationsCompact, high-efficiency module will enhance installation ease and power efficiency
-
- Semiconductor & Device
Mitsubishi Electric and GE Vernova to Strengthen Cooperation on Power Semiconductors for HVDC Transmission Systems -
- Corporate News
- Infrastructure
- Defense & Space Systems
Mitsubishi Electric’s ME Innovation Fund Invests in Carbon Credit Monitoring Startup ArchedaWill advance the use of satellite data in the carbon credit sector to help achieve carbon neutrality
-
- Research & Development
Mitsubishi Electric to Conduct Demonstration Using CO2 Capture Machine Developed by ITRI in TaiwanHighly efficient CO2 capture expected to contribute to comprehensive CCU system
for achieving carbon neutrality. -
- Corporate News
Mitsubishi Electric Announces Status of Company Stock Repurchase -
- Corporate News
Mitsubishi Electric Invests in AT PARTNERS III L.P. Fund Targeting VCsAccelerating new ventures by collaborating with startups to address diverse social challenges
-
- Corporate News
Mitsubishi Electric Joins G7 Alliance on Nature Positive EconomiesWill accelerate efforts to realize nature-positive
-
- Corporate News
Mitsubishi Electric In-house Donation Program to Aid Victims of Earthquake in Myanmar -
- Corporate News
- Infrastructure
- Industry & Mobility
- Life
- Semiconductor & Device
- Public Utility Systemes
- Energy Systems
- Defense & Space Systems
- Factory Automation Systems
- Automotive Equipment
- Building Systems
- Air Conditioning Systems & Home Products
- Digital Innovation
Mitsubishi Electric IR Day 2025 -
- Infrastructure
- Defense & Space Systems
NIED, Fujitsu, SDS and Mitsubishi Electric sign joint research agreement to advance Japan Disaster Charter operational frameworkSupporting initial response and post-disaster reconstruction through utilization of satellite data
-
- Corporate News
- Infrastructure
- Defense & Space Systems
Mitsubishi Electric’s ME Innovation Fund Invests in U.S. Startup SolestialImproving the competitiveness of its space business through advanced silicon-based solar cells for space applications
-
- Industry & Mobility
- Factory Automation Systems
Mitsubishi Electric, NTT Com and SK C&C Commence Test Project Aimed at Visualizing Supply Chain Carbon FootprintsLeveraging the Catena-X auto industry data ecosystem, will facilitate global inter-company data collaboration
-
- Financial Information
Mitsubishi Electric Announces Dividend for Fiscal 2025 (April 1, 2024 - March 31, 2025) and Dividend Forecast for Fiscal 2026 (April 1, 2025 - March 31, 2026) -
- Building Systems
- Life
Mitsubishi Electric Acquires Irish Elevator Company Ascension LiftsStrengthened foundation in Irish market will help expand elevator and escalator business in Europe
-
- Financial Information
Mitsubishi Electric Announces Consolidated Financial Results for Fiscal 2025 -
- Corporate News
- Financial Information
Mitsubishi Electric to Repurchase Company Shares -
- Automotive Equipment
Stanley Electric and Mitsubishi Electric Mobility Sign an Integration Agreement for the Establishment of a Joint Venture Company for Lamp System Business for Next-Generation Vehicles via Company Split (Go to Mitsubishi Electric Mobility Corporation website.)