Mitsubishi have jumped aboard the smart grid brigade and are here with one of their own. Mitsubishi Electric will invest $76 million in a project like this. Two installations will mark Mitsubishi’s entry in smart grids, a residential-size building and a commercial facility. These will boast power generation with photovoltaic panels and energy storing facilities.

Smart meters and electronics using cutting edge technology will monitor the flow of energy. The residential installation will use a 200-kilowatt photovoltaic array and a home energy-management system with appliances connected in a network. Mitsubishi Electric will also experiment with a four-megawatt solar array mini power station juiced by the sun. Looks like Samsung and Panasonic have yet another peer to keep up with in smart grid technology.

[CNET]