IHI awarded Minister of Economy, Trade and Industry Prize
In 2020, IHI was recognized for its contribution to the Japanese economy in wake of the Great East Japan Earthquake of March 2011. Specifically, the company developed a smart energy project in Soma City, Japan that aimed to maximize the production, storage and usage of local renewable energy sources. The installed photovoltaic generation system is capable of generating 1.6 megawatts of electricity. Other initiatives of the smart community project aside from the deployment of solar power include production of hydrogen for research into utilization and energy carrier conversion. The system also serves as an emergency-use source of power.
Competition|ESG|StructuralIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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