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ESR and Mitsubishi to collaborate on electrifying logistics

29th January 2024

ESR Group has signed a memorandum of understanding with Mitsubishi Fuso Truck and Bus Corporation and Daimler Truck Financial Services for collaborating on the electrification of logistics in Japan.

The Hong Kong-listed real estate investment manager, which has $29.9 billion of mainly logistics assets under management in Japan, said the first stage of collaboration would be installation of quick EV chargers for Mitsubishi’s eCanter light trucks at its key distribution centres located in the Greater Tokyo Bay.

The electricity for truck charging will primarily be generated by solar power generation equipment installed on the rooftop of ESR's distribution centres.

Stuart Gibson, ESR co-founder and co-CEO, said: “As the transportation industry shifts towards electrification, the need for efficient and reliable charging solutions for trucks at warehouses is paramount. By leveraging our comprehensive warehouse network, ESR is well-positioned to support our customers’ shift towards electric vehicles for logistics.”

The five areas of collaboration will be:

  • Development of a green charging network for zero-emission vehicles (ZEVs) at ESR's logistics facilities in Japan.
  • Using ESR’s logistics facilities in Japan to promote implementation of carbon neutral logistics, such as installing infrastructure for ZEVs.
  • Developing a strategy and commercial model to supply renewable energy to ZEVs at ESR’s logistics facilities using solar power.
  • Utilising ZEV batteries or recycled batteries at ESR's logistics facilities in Japan to contribute to the efficient use of EV battery resources.
  • Potential expansion of these initiatives and knowledge elsewhere in the Asia-Pacific region.

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