Friday 21 May 2021

Mitsubishi Power and Iberdrola form alliance to decarbonise industry

Mitsubishi Power and Iberdrola form alliance to decarbonise industry

Mitsubishi Power and Iberdrola have signed a collaboration agreement to jointly develop solutions based on renewable energy that promote the decarbonisation of industrial production.

They plan to develop green hydrogen production facilities, battery storage systems and electrified heat production facilities, with the aim of promoting carbon-neutral industries in the short and medium term in different regions around the world.

Teams will be made up of experts from both companies to identify opportunities for large-scale, carbon-free renewable energy generation and storage projects for industry.

Ken Kawai, Mitsubishi Power President and CEO said: “Iberdrola and Mitsubishi Power have been collaborating in supporting decarbonisation in power generation sector by providing high efficiency GTCC [Gas Turbine Combined Cycle] projects. With using this collaborating experience in GTCC projects, we will jointly develop and deploy the necessary hydrogen infrastructure, battery energy storage systems and electrified heat production systems to decarbonise the power and industrial sectors.

“This joint development with Iberdrola fulfills our mission to create a future that works for people and the planet by developing innovative power and storage solutions to realize a carbon-neutral future.”

Aitor Moso, Iberdrola's Director of Liberalised Business added the agreement represents a “very important milestone” in the company's strategy of developing alliances with key players in the industrial sector, one of the most difficult industries to decarbonise.

He said: “With the expansion of renewable solutions such as the electrification of heat, battery storage and green hydrogen in industrial manufacturing processes, we are putting our capabilities at the service of an urgent and common goal: to build a more sustainable and emissions-free economic model, offering development opportunities for industry and employment.”

Written by

Bruna Pinhoni

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