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TEPCO wants to expand and diversify its business

September 29, 2016

TEPCO taps IoT to expand business


Tokyo Electric Power Company has decided to team up with another Japanese firm to develop a low-cost thermal power generation system using "Internet of Things" technology.

TEPCO is planning to work with Mitsubishi Hitachi Power Systems, a company formed in 2014 that integrated the thermal power generation operations of Mitsubishi Heavy Industries and Hitachi.

The companies plan to jointly develop a system utilizing IoT, which connects various appliances through the Internet. It would collect and analyze data from sensors attached to turbines, boilers, and other equipment and automatically control the operation in the most efficient way. It is expected to reduce greenhouse gas emissions.

The companies plan to test the new system at a plant in the Philippines. They hope to eventually make inroads into power plants in other Southeast Asian countries, where demand for power is growing.

TEPCO is struggling to decommission its crippled Fukushima Daiichi nuclear power plant. Compensation for the 2011 nuclear accident is burdening its finances. The utility is also facing competition after deregulation ended TEPCO's monopoly in the power-retail market in Tokyo and neighboring areas.

The utility plans to diversify its business through various tie-ups.

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