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Mitsubishi Power will supply its gas turbine technology to a new power plant in Brazil, a 1.6-GW facility considered among the largest electricity generation projects in Latin America. The company […]
The post Mitsubishi Power Supplying Turbines for 1.6-GW Gas-Fired Plant in Brazil appeared first on POWER Magazine.
The post Chevron Exploring Equity Interest in Mitsubishi Power and Magnum Green Hydrogen Hub in Utah appeared first on POWER Magazine.
Chevron is poised to acquire an equity interest in the Advanced Clean Energy Storage project, a developing green hydrogen hub that could support more than 1 GW of electrolysis facilities and store 5,500 metric tonnes of their produced green hydrogen in salt caverns near Delta, Utah.
The integrated energy giant on Sept. 9 announced that it agreed, through its Chevron New Energies division, “on a framework” to acquire an equity interest in ACES Delta, a 2019-formed joint venture between Mitsubishi Power Americas and Magnum Development that owns the Advanced Clean Energy Storage project. Chevron, Magnum, and Mitsubishi Power are currently negotiating definitive documentation outlining Chevron’s participation in the joint venture.
The development is another notable sign of progress for the green hydrogen hub, which Mitsubishi Power (then known as Mitsubishi Hitachi Power Systems) and Magnum unveiled in 2019.…
BHP and Mitsubishi Development Pty (MDP) in late June signed a memorandum of understanding for joint research, development, and deployment of greenhouse gas emissions reduction technologies in several countries, including projects with battery storage, solar, and carbon capture and storage (CCS). The agreement, signed in Tokyo, Japan, on June 20, also calls for research into emissions reductions from the lifecycle use of marketed products.
“BHP is committed to accelerating the development of emerging technologies that have the potential to achieve material reductions in greenhouse gas emissions,” said Andrew Mackenzie, BHP’s CEO, in a statement. “Our new collaboration with Mitsubishi Development demonstrates the important role the private sector can play in bringing these technologies to market. Both companies are committed to emissions reductions in a range of industries … our Japanese partners and customers are critical to the development of new technologies and approaches to emissions reductions that stand to benefit countries across the globe.”
BHP has several investments in technologies designed to lower emissions, including trials of light electric vehicles powered by lithium-ion batteries in BHP’s Olympic Dam underground mine fleet of light vehicles, in South Australia.…
A German business magazine reports that Siemens is exploring options for its struggling gas turbine business, and could look to form a joint venture with Japan’s Mitsubishi Heavy Industries (MHI). Manager Magazin on March 21 said Siemens “wants to accommodate the large turbine business of the Japanese Mitsubishi Group and in the future hold only a minority.”
Reuters, citing two sources, on Thursday reported that Siemens wants a plan in place by its capital markets day for investors on May 8. The sources reportedly told Reuters that talks between Siemens and MHI “had intensified recently,” although Siemens reportedly is looking at other options for the business, including keeping it.
Manager Magazin on Thursday reiterated, as it has reported previously, that Siemens and MHI could combine their large gas and steam generators’ businesses. The magazine said Siemens CEO Joe Kaeser began talks with MHI in 2017 about a joint venture, with the intention to merge the companies’ turbine operations, with Siemens holding a minority stake.…