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Tech Renews Agreement With Japanese Electricity Institute

SOCORRO, N.M. May 12, 2010 – New Mexico Tech and the Central Research Institute for Electric Power Industry (CRIEPI) of Japan renewed an agreement to conduct research and continue a student exchange program.

University President Dr. Daniel H. Lopez signed the official agreement Tuesday, May 4. The Japanese institute will provide $25,000 to the university to oversee the exchange program. The working agreement is in its fourth year.

 Tech president Dr. Daniel H. Lopez signs an agreement renewing a partnership between the university and the Japanese electric industry research group. From left are Dr. Peter Anselmo, Dr. Lopez, Dr. Toshi Sueyoshi and Dr. Peter Gerity.

Management department chair Dr. Peter Anselmo will oversee the partnership, while professor Dr. Toshi Sueyoshi will work directly with his counterparts in Japan.

Sueyoshi and his colleagues in Japan are studying various aspects of the electricity industry, including market structures associated with the production and sale of electricity and the effects of de-regulation, Anselmo said. Sueyoshi, along with Dr. Yusuke Omi and Dr. Mika Goto, are conducting economic research into the intricacies of electricity markets, he said. 

“Our research with CRIEPI is concerned with the economics of new technologies and the impacts of alternative policies, such as pollution regulation, on the efficiency and effectiveness of the companies that produce power,” Sueyoshi said. “These topics are at the interface of technology and management, which is what our department is all about.”

During the first two years of the partnership, Sueyoshi and his colleagues have published more than 10 papers in top journals. This research success has resulted in enhanced visibility for New Mexico Tech within CRIEPI and in Japan, and provides a solid foundation for the future of this partnership.

“Dr. Sueyoshi’s research is to understand the structure of electricity markets at a microlevel,” Anselmo said. “The Japanese institute is interested in his work and they are very happy with the published results so far. We hope to be able to expand the partnership in the future – once the world economy recovers from the current economic situation.  We are currently working with Dr. Goto to develop alternatives that make sense for both CRIEPI and Tech.”

The Institute stations a researcher at New Mexico Tech in Socorro periodically, and Tech students will continue to have internship opportunities in Tokyo.

The Central Research Institute for Electric Power Industry is funded by a 0.2 percent levy of all electricity sales in Japan. Its annual budget is more than $50 billion. In comparison, the National Science Foundation was funded for fiscal year 2008 with a Congressional outlay of $6 billion.

– NMT –

By Thomas Guengerich/New Mexico Tech