Mitsubishi Targets Sales Of $13.3 B From Cleantech Products

November 7, 2008

Email this story Print this post Add your comments

Mitsubishi Electric Group recently announced plans (PDF) to accelerate its push into the cleantech market. The company plans to achieve sales of about $13.3 billion in 2016 from clean technologies such as solar systems, heat pumps and other energy efficient power devices.

The company aims to expand its photovoltaic business to achieve global sales of about $2.6 billion by 2016. The company also plans to expand its heat pump business from around $5.8 billion this year to about $8.2 billion over the next eight years. As for other energy efficient power devices, the company plans to boost it from its current $1 billion in sales to about $1.5 billion by 2016.

Mitsubishi Electric said it plans to reduce more than 5.1 million tons of CO2 emissions by the same year.

The announcement comes a year after Mitsubishi Electric released its environmental management vision dubbed “Environmental Vision 2021,” which aims to cut the company’s CO2 emissions 30 percent by 2021. The target year, 2012, commemorates the 100th anniversary of the company’s founding.

Email this story Print this post Add your comments

Advertisers

Enhance Sustainability. Improve Profitability.

Learn how at the SAP Sustainability Resource Center. >>

Unclear about the EPA's new GHG Rule?

Learn how it could affect your business. >>

EPA mandatory emissions reporting starts Jan 1st

CSA Standards can help your organization get ready for compliance. Find out how. >>

Best Practices: Product Environmental Compliance

How to achieve compliance at a significantly lower cost. Download the full report. >>

Join the Discussion

Recent Daily News [ see all ]

11/20/2009
11/19/2009
11/18/2009

Charts [ see all ]

European Paper Industry Cuts CO2 Emissions by 42% since 1990

S. America Takes Most Urgent View of Copenhagen Talks

Nike Tops Annual Climate Action Scores

Oceans May Trap more Carbon than Forests

Jobs

View All Jobs >> Post a Job >>

Comments and Discussions

Trade Association on Trade Group on EPA Chemical Regs: ‘If Everything is a Priority, Then Nothing is a Priority’
"Seriously… that..."

Gary Markowitz on Supermarkets Tackle Emissions Reductions, Fuel Efficiency
"Supermarkets waste over 10 percent of their energy through improper..."

peter in ireland on Ontario May Follow California’s Lead on TV Energy Efficiency
"Governor Schwarzenegger is shooting himself in the foot! 1...."

Environmental Leader on S. America Takes Most Urgent View of Copenhagen Talks
"The survey respondents (the PDF report mentions 4,000 respondents in 38..."

Jake on UPS Trying New Hydraulic Hybrid Trucks
"A point of clarification: the Reuters press release referenced herein reports that 20 UPS will purchase..."

Custom Organic Shirts on S. America Takes Most Urgent View of Copenhagen Talks
"90% of North Americans believe it is urgent to get a global climate..."

peter dublin on California City’s Green Building Ordinance Applies to Commercial Buildings
"Why energy efficiebnt regulation on buildings –..."

Environmental Leader