Mitsubishi Electric and Mitsubishi Heavy Industries to Start Detailed Studies for Business Integration for Power Generator Systems

Mitsubishi Electric Corporation and Mitsubishi Heavy Industries, Ltd. announced that the two companies have reached a basic agreement to establish a joint venture to integrate their businesses in fields focused on power generator systems. The scope of the integration will include basic planning, design, development, manufacturing, sales and servicing of power generators connected directly to turbines, as well as other key facilities at power generation plants. It is expected that Mitsubishi Electric will be the majority shareholder and Mitsubishi Heavy Industries will be the minority shareholder of the new company. 

Large-scale power plants that have supported the power infrastructure so far will play an important role as a force to adjust for the increase in variable renewable energy sources, whose power generation is affected by weather and other factors. Considering this market environment, Mitsubishi Electric and Mitsubishi Heavy Industries have reached this basic agreement to strengthen their market competitiveness further by integrating their respective businesses and combining their respective technologies and assets. This business integration will create a stronger partnership than ever before and expand the two companies’ power generator systems on a global scale, thereby contributing to the realization of a carbon-neutral society.