Mitsubishi Electric was founded as a spinoff of Mitsubishi Shipbuilding Co. (now Mitsubishi Heavy Industries), and originally manufactured electric engines for oceangoing vessels. The company has since grown to a $32 billion-per-year company that also manufactures high-quality and efficiency PV modules. Recently, the company announced panels designed for near-saltwater conditions, a traditionally high-oxidation environment that reduces the life expectancy of a solar panel.
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