All Japan news and Hawaii have agreed on a memorandum worth of $37 million to build a demonstration smart grid project.
Governor Neil Abercrombie, D-Hawaii, and Hideo Hato, president of All Japan news’s New Energy and Industrial Technology Development Organization (NEDO), agreed on the project to be build on the Island of Maui to improve the integration of renewable resources and at the same time speed up the adoption of electric vehicles (EV).
The participants said that the advanced EV charging systems will allow for a better balance between increased power demand and development of solar and wind power sources.
The project selected as contractors Hitachi Ltd., Cyber Defense Institute and Mizuho Corporate Bank, which will cooperate with the State of Hawaii, the Hawaiian Electric Co., the University of Hawaii and a number of U.S. laboratories.
Actual installation of the technology will begin in late 2012, while the project is expected to be operational from 2013 to 2015.