Following the signing of the Joint Development Agreement (JDA) between Mitsubishi Power and Warwick Carbon Solutions that leverages the experience of both companies to advance decarbonization projects between the energy and industrial sectors , innovative decarbonization solutions will soon take center stage.
Both companies will work together as strategic partners to identify and develop viable long-term projects that will help the North American region achieve net zero by 2050. Each company brings its own product, service, and design expertise world-class award to the JDA, which will focus on the decarbonization of companies operating in the oil and gas, industrial process, and power generation sectors.
Mitsubishi Power will provide the following:
- Engineering, design, project development support services, equipment supply and long-term operational services for electric power generation and storage systems.
- Equipment supply to include state-of-the-art hydrogen-capable gas turbines, production and storage systems, and decarbonization solutions.
Warwick Carbon Solutions Development Company, a dedicated developer of energy transition projects, will provide the following:
- Experience in energy infrastructure and energy development, including industry and government regulatory knowledge to develop carbon capture and storage (CCUS) projects.
- Support services to assess a wide variety of business, financial, and technology approaches to advance decarbonization in North America
“ As the US Inflation Cut Act has shown, as well as other important initiatives aimed at promoting clean energy, now is the time to collaboratively seek new technologies and decarbonization solutions,” said Bill Newsom, President and CEO of Mitsubishi Power Americas. “ With our comprehensive combination of world-class technology and proven experience in investing in green energy, this partnership will open the doors that can lead to more projects on the path to net zero. Together with our customers and partners, we are creating an energetic change ”.
“ It is a great pleasure to have Mitsubishi Power as a partner. There is a great need, and at the same time a great opportunity, to advance high-impact clean energy projects. Mitsubishi Power’s best-in-class energy and decarbonization technology solutions make it the perfect partner to grow a significant portfolio of green energy investments. We are excited about the future of this partnership and the difference our collective capabilities will make as we strive to achieve net zero,” said Jonathan Wiens, CEO of Warwick Carbon Solutions Development Company.
SOURCE: Businesswire