ENGIE, MHI Join Forces for Energy Value Chain Development

Gérard Mestrallet, Chairman and CEO of ENGIE and Shunichi Miyanaga, President and CEO of Mitsubishi Heavy Industries, Ltd. (MHI) signed a Memorandum of Understanding (MoU) 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 profound changes in the energy sector landscape in order to be able to offer globally a broad range of the most innovative 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 innovative services allowing to increase energy efficiency, optimise the use of resources and reduce CO2 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 optimising 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.

Shunichi Miyanaga said: "The ongoing systemic change of the energy sector and the need to drastically reduce greenhouse gases emissions call for shorter innovation cycles and a holistic view of the energy value chain: I'm convinced that closer cooperation between technology suppliers and utilities - as reflected in this MoU - will contribute to shorter times to market and a better response to the customer needs while using the energy resources with maximum efficiency."

Gérard Mestrallet said: "The concluded cooperation agreement reflects our mutual commitment to provide the most up-to-date solutions for the energy sector across the globe, and will serve as a stepping stone to pave the way to explore new opportunities for cooperation leveraging our technical expertise and past experience of working together."

ENGIE and MHI already cooperate successfully in the various fields of power plants and technologies. They have accumulated successful installation and operation records through several projects all over the world.