Japan-headquartered Mitsubishi Electric Corporationhas partnered with HD Renewable Energy to support carbon neutrality. They planned to acquire a stake in HD Renewable Energy and set up an aggregation business joint venture. The joint venture would combine distributed energy resources (DERs), including HD Renewable Energy’s solar and battery storage systems in Japan. Mitsubishi Electric invested in HD Renewable Energy through a third-party share allocation to strengthen their partnership. The joint venture was planned to start in April 2025. Mitsubishi Electric also explored corporate PPA options with HD Renewable Energy to boost renewable energy use and cut COâ‚‚ emissions.