Participation in Smart Community Demonstration Project in Slovenia

Tokyo, December 3, 2014 --- Hitachi, Ltd. (President & COO: Toshiaki Higashihara), Mizuho Bank, Ltd. (President & CEO: Nobuhide Hayashi), Mizuho Information & Research Institute, Inc. (President & CEO: Junichi Nishizawa), and THE Power Grid Solution Ltd. (President and Representative Director: Kiyonori Morita) today announced that they have been selected to carry out a feasibility study for a smart community demonstration project in the Republic of Slovenia being run by the New Energy and Industrial Technology Development Organization (NEDO) as part of its international project for technologies and systems related to energy consumption efficiency. The demonstration project includes a feasibility study running from December 2014 to September 2015 that will be conducted jointly by Hitachi and the three other companies, with Hitachi acting as the project leader. Based on the results of the feasibility study the project will move to the three-year demonstration phase.

The demonstration project is a joint project between Japan and Slovenia, with participation by local companies and support from the Slovenian government. The feasibility study will include working with Slovenian companies to determine details such as the scope of each technological trial and where they are to be conducted in demonstration phase.