Today in Cleantech

Stay on Top of Enterprise Technology Trends

Get updates impacting your industry from our GigaOm Research Community
Join the Community!

What’s a Japanese nuclear power plant giant to do, post-Fukushima nuclear power plant disaster? Go green, of course. Toshiba announced a major shift away from its plans to generate 1 trillion yen ($12.2 billion) on nuclear power plant projects by 2016, pushing that revenue figure out at least two to three years as nations around the globe shelve or postpone new nuclear projects. Instead, according to company president Norio Sasaki, Toshiba plans over the next four years to increase sales of renewable energy technology to 350 billion yen ($4.3 billion), motors, inverters and battery sales to 800 billion yen ($9.8 billion) and smart grid sales to 900 billion yen ($11 billion). That latter category will be helped along by Toshiba’s $2.3 billion purchase of Swiss smart metering giant Landis+Gyr, no doubt. This big green push puts Toshiba firmly in the ranks of fellow Asian conglomerates such as Sharp, Panasonic, Hitachi, Samsung and LG in green power, energy storage and smart grid ambitions.