Toshiba Expects 63% of Energy Management Business From Overseas

Toshiba Corp., Japan’s largest maker of nuclear power plants, expects 63 percent of sales from its energy management business to come from overseas by March 2016.

The company’s “smart community” energy management sales are projected to grow to 900 billion yen ($11.6 billion) in this period, Toshiba President Norio Sasaki told reporters in Tokyo today, maintaining an earlier projection. The smart community pilot projects in Japan and overseas include setting up charging infrastructure for electric vehicles and systems to help manage energy use in buildings.