Tokyo, January 30, 2009 - MHI agreed with GE to start studying the co-development of steam turbine for gas turbine combined cycle (GTCC) power plants and signed the memorandum of understanding (MOU). The two companies will integrate their technologies under the co-development and will aim to create a new generation steam turbine with high performance and high reliability.
After closing the agreement for GTCC steam turbine, the two companies plan to study the feasibility of co-development of a new steam turbine for nuclear power plants by combining each company’s experiences and excellent technologies. In addition, both companies will study the possible establishment of a joint venture to promote the cooperation in the co-development activities and the engineering of advanced manufacturing process for the co-developed products.
Under this program, MHI and GE will combine their cutting edge technologies, which have been accumulated by each of them and will endeavor to create the new steam turbine for GTCC with high performance and high reliability.
GTCC is the system for power generation under which gas turbine generates electricity and its exhaust gas will be used for the generation again with steam turbine. This system utilizes resources effectively and can decrease the greenhouse effect gas emission. As the concern for global warming spread over the world, large demand is expected for GTCC and nuclear power generation system which impose less burden to the environment. MHI will expand its power systems business by innovative new steam turbines which are the critical component in those systems.
About Mitsubishi Heavy Industries
Mitsubishi Heavy Industries, Ltd. (MHI), headquartered in Tokyo, Japan, is one of the world’s leading heavy machinery manufacturers, with consolidated sales of 3,203 billion yen in fiscal 2007 (year ended March 31, 2008). MHI’s diverse lineup of products and services encompasses shipbuilding, power plants, chemical plants, environmental equipment, steel structures, industrial and general machinery, aircraft, space rocketry and air-conditioning systems.
For more information, please visit the MHI website (http://www.mhi.co.jp/en/index.html).