GÃ©rard Mestrallet, Chairman and CEO of ENGIE and Shunichi Miyanaga, President and CEO of Mitsubishi Heavy Industries, signed a memorandum of understanding to develop their collaboration all along the energy value chain and technology.
Following the meeting between the French and Japanese Prime Ministers, on October 5, 2015 in Tokyo ENGIE and MHI entered into a non-exclusive cooperation agreement that builds on the foundation of their long-term worldwide track record of successful purchaser-supplier as well as partner relationships.
This agreement was signed within the context of changes in the energy sector landscape to be able to offer a range of solutions adapted to specific local conditions.
The agreement covers a wide range of technologies and solutions: conventional and nuclear power plants, renewable energy technologies, distributed generation as well as the emerging technologies and services allowing to increase energy efficiency, optimize the use of resources and reduce carbon emissions.
The ENGIE — MHI cooperation agreement will, among other things, cover the development of technologies and services aiming at increasing process efficiency and reducing emissions of electrical systems globally, including optimizing conventional power plants and their auxiliary and integrated facilities, developments of highly efficient gas turbines, developments of innovative solutions for combined generation of electricity, heat and hydrogen, fuel cells, monitoring systems etc. together with the advancement of nuclear related business delivering reliable carbon-free base-load electricity to the market.