The non-exclusive co-operation agreement “was signed within the context of profound changes in the energy sector landscape in order to be able to offer globally a broad range of the most innovative solutions adapted to specific local conditions”, the two firms said in a statement.
Covering a wide technology spectrum, the agreement will focus on thermal and nuclear power plants, renewable energy technologies and distributed generation, as well as emerging technologies and services aimed at increasing energy efficiency, optimizing the use of resources and reducing emissions.
The companies said the agreement will cover the development of technologies and services aiming at increasing process efficiency and reducing emissions from electrical systems globally, including optimizing conventional power plants and their auxiliary and integrated facilities; development of highly efficient gas turbines; development of solutions for combined generation of electricity, heat and hydrogen, fuel cells and monitoring systems, together with the advancement of nuclear-related business.
MHI president and CEO Shunichi Miyanaga said: "The ongoing systemic change of the energy sector and the need to drastically reduce greenhouse gases emissions call for shorter innovation cycles and a holistic view of the energy value chain. I'm convinced that closer cooperation between technology suppliers and utilities - as reflected in this MoU - will contribute to shorter times to market and a better response to the customer needs while using the energy resources with maximum efficiency."