Mitsubishi Electric Joins UN’s 24/7 Carbon Free Energy Compact

Aiming to contribute to 100% carbon-free electricity

Mitsubishi Electric Corporation announced that it has joined the 24/7 Carbon Free Energy Compact (24/7 CFE Compact), an international initiative established by the United Nations in 2021 with the goal of decarbonizing electricity worldwide. More than 130 organizations* from around the world have joined the Compact, including the U.S. government, major U.S. IT companies, utilities and investment companies, and financial institutions. The phrase "24/7 CFE" means that every kilowatt-hour of electricity consumption is met with carbon-free electricity sources everywhere, every hour of every day.**

Mitsubishi Electric offers a variety of energy-optimization technologies and solutions that align with 24/7 CFE Compact principles for the achievement of decarbonization. One is Multi-Region EMS, a cloud service that enables prosumers (companies) to manage decarbonization targets for all of their sites by optimizing the required number of environmental-value certificates to be purchased and also by transferring renewable-energy value among various sites. The service accumulates renewable-energy value in 30-minute increments*** to enable precise management of environmental value.

Another representative offering from Mitsubishi Electric is BLEnDer® CN for Supplier, a line of packaged software products that enable power retailers in Japan to provide consumers with carbon-free electricity plans.

Going forward, Mitsubishi Electric will actively participate in 24/7 CFE Compact activities and contribute to the achievement of 24/7 CFE by continuing to develop advanced products, systems and solution businesses, in addition to contributing to the realization of eco-friendly infrastructure.

*As of October 26, 2023, according to Mitsubishi Electric's research

**https://www.un.org/en/energy-compacts/page/compact-247-carbon-free-energy#:~:text=24%2F7%20Carbon-free%20Energy%20%28CFE%29%20means%20that%20every%20kilowatt-hour,electricity%20sources%2C%20every%20hour%20of%20every%20day%2C%20everywhere.

***In Europe, the United States and many other countries, real-time electricity management generally is defined in one-hour units, whereas in Japan electricity is measured in thirty-minutes units

Source: https://www.mitsubishielectric.com/news/2023/1026.html