HomeAugust 8, 2012
Mitsui & Co. Reports Amount of Viridity Energy Investment
Copyright 2012 EnergyChoiceMatters.com.
Mitsui & Co., Ltd. has disclosed that its investment in Viridity Energy, reported earlier by Matters, will amount to $15 million.
With the investment, Mitsui plans to further internationalize its "Smart Green Information Technology" business model which includes Smart Grid IT, renewable energy development and management, and CO2 emissions mitigation strategies.
The investment also includes a cooperative agreement to work with Viridity Energy to deploy Viridity's dynamic load management solutions in global markets, and a focus on storage development.
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