Mitsubishi Corporation Commits to Renewables and Climate Technologies Investments

Mitsubishi Corporation (MC) will invest $100 million in Breakthrough Energy Catalyst to enhance the commercialization of climate technologies, including clean hydrogen and direct air capture. The investment positions MC as the first Asian company to contribute at this scale to Catalyst, which aims to reduce the costs of clean products and finance decarbonization infrastructure.

MC is also collaborating with Lawson to supply renewable energy to approximately 3,600 stores starting April 2022, with plans to extend this to 8,200 stores. Additionally, MC has signed a Corporate Power Purchase Agreement with Amazon Web Services to supply renewable energy via solar power, commencing in April 2023.

These initiatives reflect MC's broader strategy to achieve carbon neutrality and expand its renewable energy portfolio, aiming for renewables to constitute over 20% of its power assets by 2030. The integration of innovative energy solutions is essential for MC to address both economic and environmental challenges.