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Business alliance3636Mitsubishi Research Institute,Inc.Information and Communications, Services and Others

Mitsubishi Research Institute and Hitachi begin collaboration to provide advanced power trading support services for grid-scale battery operators in the extra-high-voltage segment

Mitsubishi Research Institute,Inc. and Hitachi,Ltd. signed a memorandum of understanding and established a framework for cooperation to provide grid-scale battery operators with an integrated service covering the optimization of battery bidding plans, market transactions and plan submission.

Worth reading
47Recurring
Scored from 4 of 5 sections
Direction
Improvement
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Wording
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Agreements reached under this partnership

Business alliance
3636Mitsubishi Research Institute,Inc.
Alliance partnerMitsubishi Research Institute,Inc. / Hitachi,Ltd.
Details of the alliance
  1. 1

    The companies will establish a framework under which each provides the "Power Trading Service" (the "Service") by combining MRI's distributed energy resource management support service, "MERSOL (MRI Energy Resource Solution)," with Hitachi's power trading system currently under development.

  2. 2

    The power trading system will support customers' bidding activities in the market based on bidding plans calculated by MERSOL using market price forecasts, including forecasts for the balancing market. It will also automatically generate and submit to OCCTO the plans required based on the results of transactions.

These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.

About the partner
Business DescriptionAs a comprehensive think tank, providing value by bringing together advanced expertise, knowledge and know-how to address society's complex and diverse challenges / Social Innovation Business (SIB) using IT, OT (operational and control technology) and products
Net SalesRevenue for fiscal year 2025 (fiscal year ending March 2026): ¥10.5867 trillion (Hitachi,Ltd.)
Contract Date25 August 2026Alliance start dateFiscal year 2027 onward (planned)
Agreements reached under this partnership
ItemDetails
Name of alliance partnerMitsubishi Research Institute,Inc., Hitachi,Ltd.
Alliance partner's business activitiesAs a comprehensive think tank, providing value by bringing together advanced expertise, knowledge and know-how to address society's complex and diverse challenges, Social Innovation Business (SIB) using IT, OT (operational and control technology) and products
Alliance partner's net salesRevenue for fiscal year 2025 (fiscal year ending March 2026): ¥10.5867 trillion (Hitachi,Ltd.)
Type of allianceBusiness alliance
Details of the allianceThe companies will establish a framework under which each provides the "Power Trading Service" (the "Service") by combining MRI's distributed energy resource management support service, "MERSOL (MRI Energy Resource Solution)," with Hitachi's power trading system currently under development., The power trading system will support customers' bidding activities in the market based on bidding plans calculated by MERSOL using market price forecasts, including forecasts for the balancing market. It will also automatically generate and submit to OCCTO the plans required based on the results of transactions.
Contract Date25 August 2026
Alliance start dateFiscal year 2027 onward (planned)
Items this document does not state (16)
Alliance partner's locationAlliance partner's capitalAlliance partner's operating incomeNumber of shares acquiredAcquisition priceShareholding ratioOverview of the joint ventureOwnership ratioDispatch of directors and officersContract PeriodNumerical targets under the allianceShareholding PolicyDate of board resolutionShare Acquisition Date and Payment DateImpact on Business PerformanceChange in major shareholders

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To link MERSOL's bidding plan optimization with market transaction support provided by Hitachi's power trading system, thereby supporting operators in improving operational efficiency, expanding revenue opportunities and deploying the service across multiple battery storage facilities.

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Mitsubishi Research Institute and Hitachi begin collaboration to provide advanced power trading support services for grid-scale battery operators in the extra-high-voltage segment | Mitsubishi Research Institute,Inc. (3636) timely disclosure | Komori