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MHPS and NGK SPARK PLUG Sign Basic Agreement on Business Tie-up in Cylindrical Cell Stacks Used in SOFCs
-- Aim is to Form Cost-competitive Mass Production Structure --
-- Aim is to Form Cost-competitive Mass Production Structure --
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Yokohama and Nagoya, June 20, 2014 - Mitsubishi Hitachi Power Systems, Ltd. (MHPS) and NGK SPARK PLUG CO., LTD. (NTK) have concluded a basic agreement on a business tie-up targeting mass production of cylindrical cell stacks: power-generating elements used in solid oxide fuel cells (SOFC). Through the integration of the two companies' respective technological strengths, expertise and management resources, the tie-up is aimed at forming a mass production structure of cost-competitive cylindrical cell stacks.
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Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.