Mitsubishi's acquisitions confirm its ambitions to play a bigger role along the power value chain

January 18, 2022 | Case Study

Mitsubishi Electric is enlarging its position in the utility industry, both as an equipment supplier and an investor. The company added distributed energy resource management systems (DERMS) to its portfolio in August 2021 with the acquisition of Smarter Grid Solutions (SGS). While the investment amount wasn't disclosed, SGS had raised USD 12 million from investors like Maven Capital Partners prior to the acquisition. SGS was likely a smaller investment for Mitsubishi compared with the USD 4.5 billion it spent in 2019 to buy Eneco, a Dutch energy provider, outbidding Shell. The investments are part of Mitsubishi's vision of realizing a decarbonized society by 2050 by reducing greenhouse gas emissions.

About Lux Research

Lux Research is a leading provider of tech-enabled research and advisory solutions, helping clients drive growth through technology innovation. A pioneer in the research industry, Lux uniquely combines technical expertise and business insights with a proprietary intelligence platform, using advanced analytics and data science to surface true leading indicators. With quality data derived from primary research, fact-based analysis, and opinions that challenge traditional thinking, Lux clients are empowered to make more informed decisions today to ensure future success.

Already a Lux Client?

Sign In

Interested in Learning More?

Contact us to learn the benefits of becoming a Lux member.

Or call us now

For North America (Boston Headquarters)
+1 (617) 502-5300

For EMEA (Amsterdam)
+31 20 280 7900

For APAC (Singapore)
+65 6592-6978