Fujitsu and Mitsui to Establish a Joint Venture for Smart Community Projects

December 12, 2012 12:35 PM EST By: Jennifer Rocha

The joint venture company, Future City Solutions Limited, will cooperatively develop and manage smart community projects.

Story content courtesy of Fujitsu Limited, JP

Future City Solutions will carry out smart community projects by combining Fujitsu’s strengths in developing new services using Information and Communication Technology (ICT) with Mitsui’s expertise of business development and its extensive business channels.

In recent years, smart communities have gained prominence as an important measure to solve a number of challenging social issues, such as global warming, increasing population density in urban areas, and aging populations. Worldwide, the market for smart community projects is estimated to exceed one quadrillion yen in 2030.

Fujitsu is actively engaging in smart community projects and efforts centered on regional revitalization through ICT. Fujitsu also plans to utilize its experience in these efforts in planning smart community projects outside of Japan.  Mitsui is promoting the establishment of consortia both in and outside of Japan that connect businesses, governments, and academia, and is also actively engaged in building a new business in the field of smart communities.

Initially, Future City Solutions plans to utilize business channels cultivated by Mitsui to offer the HEMS(1) cloud-based energy management solution developed by Fujitsu to a wider market of residences in Japan. In addition, Future City Solutions is aiming to collect and compile data acquired from this solution to create customized new resident services, including in medical, social, and administrative areas. In the future, the joint venture plans to further develop
business centered on providing regional energy management services.


 

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