Business Green: Japan will contribute between $20.3m (£12.2m) and $30.4m towards the construction of a smart grid pilot project in the south-western US state of New Mexico. A consortium of Japanese companies is being formed to help build the grid and is expected to include Hitachi and Toshiba Corp. The initiative is being led by Japan’s New Energy and Industrial Technology Development Organization, a public research body focused on the development of new energy sources. Japanese electronic …