May 18, 2022 | Business
Ministry of Heavy Industries (MHI) has signed an MoU with National Research Development Corporation (NRDC) for undertaking various activities for smooth implementation of the Scheme for Enhancement of Competitiveness in the Indian Capital Goods Sector in the presence of Dr. Mahendra Nath Pandey, Union Minister of Heavy Industries and Secretary, MHI, Shri Arun Goel here today. CMD, NRDC, Commodore Amit Rastogi (Retd) from NRDC and Shri Vijay Mittal, Joint Secretary on behalf of MHI signed the MoU.
As per the MoU, NRDC will conduct the activities like evaluation and review of the scheme, management of intellectual property rights and commercialization support for the products developed under Capital Goods Scheme Phase-I & II etc on behalf of MHI.
Speaking on the occasion, Dr Pandey said that with a vision and mission to put Indian Economy on the wheel of high growth, Prime Minister Narendra Modi gave a mantra of Atmanirbhar Bharat and this MoU will surely be able to help us to achieve that. He further stated that the vision of this MoU is to make India a global hub for the manufacturing of capital goods
It may be noted that Ministry of Heavy Industries On January 25, 2022, has notified the Scheme on Enhancement of Competitiveness in The Indian Capital Goods Sector- Phase-II for providing assistance to Common Technology Development and Services Infrastructure. The scheme has a financial outlay of Rs. 1207 crores with Budgetary support of Rs.975 crore and Industry Contribution of Rs.232 crore to expand and enlarge the impact created by Phase I of Capital Goods scheme, thereby providing greater impetus through creation of a strong and globally competitive capital goods sector.
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Apr 23, 2022 | Business
Mitsubishi Heavy Industries, Ltd. (MHI) announced today it has signed a Memorandum of Understanding with Infinium, an Electrofuels innovator headquartered in California. The agreement, which builds on MHI’s 2021 investment in Infinium, will focus on exploring the deployment of Infinium’s proprietary Electrofuels technology in the Japanese market.
According to Infinium, Electrofuels are classified as ultra-low carbon fuels because they reduce carbon dioxide emissions by up to 97 percent when compared to traditional jet and diesel fuels. They are a drop-in replacement for fossil-based fuels and can be used in airplanes, trucks, and ships without the need for costly engine modifications.
By combining Infinium Electrofuels production technology with MHI Group’s CO2 capture technology and value chain solutions, MHI aims to accelerate the realization of a carbon-neutral society in Japan, alongside its existing strategies such as EV oriented transportation, CO2 recovery and carbon offsets.
“We’re proud to collaborate with Infinium to combine their proprietary technology with our expertise in the industry,” said Makoto Susaki, Head of CCUS Business Taskforce. “Together, we can accelerate deployment of these key solutions throughout Japan and around the world in order to achieve our common goal of decarbonization.”
“The Infinium team is tremendously excited about this opportunity to bring clean fuels to the Japanese market alongside our colleagues at MHI,” said Infinium CEO Robert Schuetzle. “We’re on a mission to decarbonize the world, and the opportunity to build Electrofuels production in yet another pivotal geographic market further validates the growing commitment to a net-zero carbon future.”
This collaboration also supports the Japanese government’s Green Growth Strategy, which aims to reduce greenhouse gas emissions by 46 percent by 2030 (from 2013 levels) and achieve carbon neutrality by 2050. The use of carbon-neutral fuels is expected to play a key role in decarbonizing industries where this is typically challenging such as long-distance transportation, air transportation, and marine transportation, where electric vehicles are considered difficult to utilize at scale.
MHI Group is working to realize a carbon-neutral society and building a CO2 ecosystem is one of the pillars of this effort. Through this collaboration, MHI will further promote the CCUS value chain, as well as the digital grid it designed with IBM Japan to visualize CO2 distribution, CO2NNEX.
About Infinium
Infinium is a leading innovator in the clean fuels space with a mission to decarbonize the world. The company’s proprietary technology converts carbon dioxide and hydrogen into ultra-low carbon fuels–known as Electrofuels–for use in today’s planes, ships and truck fleets. Infinium electrofuels can be used directly in existing engine designs, enabling transportation providers to reduce harmful emissions and meet their carbon reduction goals. Investors include Amazon, NextEra Energy, Mitsubishi Heavy Industries and AP Ventures. For more information, visit www.infiniumco.com.
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.
Copyright ©2022 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Feb 9, 2022 | Business
Mitsubishi Heavy Industries, Ltd. (MHI) has concluded a memorandum of understanding (MOU) with Indonesia’s Institut Teknologi Bandung (ITB) to conduct joint research on clean energy solutions that will enable decarbonization in Indonesia. Activities will include feasibility studies, investigations, validations and R&D for technologies that will power the country’s energy transition. The MOU will be in effect for five years, with the research results building the foundation for discussions to establish a joint R&D center in Indonesia.
The online signing ceremony took place on February 7, 2022 and was attended by the Ambassador of Indonesia to Japan, H.E. Heri Akhmadi; the Ambassador of Japan to Indonesia, H.E. Kenji Kanasugi; ITB Rector, Ms. Reini Wirahadikusumah; and MHI’s Head of Energy Transition and Power Headquarters, Ken Kawai.
MHI’s Head of Energy Transition and Power Headquarters Ken Kawai said, “MHI has been at the forefront of supporting Indonesia in its energy transition for nearly half a century. Through this continued partnership with ITB, we seek to develop clean energy solutions that will accelerate decarbonization in Indonesia. I am looking forward to a fruitful collaboration with ITB to achieve our mission net zero.”
ITB Rector, Ms. Reini Wirahadikusumah added: “During the past two years, we have been collaborating with MHI to conduct advanced feasibility studies in clean energy, especially in financial and technical evaluation of ammonia and biomass co-firing. I am sure that these activities will benefit the Indonesian power industry. I hope that the extension of this MOU will create more ideas and useful recommendations for Indonesia’s decarbonization journey.”
A previous MOU between MHI and ITB(1) enabled joint feasibility studies on emerging energy sources such as hydrogen and ammonia, as well as air quality control systems (AQCS) and microgrid solutions. Since this MOU was signed in 2020, MHI and ITB also collaborated on training Indonesia’s future engineers by conducting joint lectures on topics including big data analysis, biomass, integrated coal gasification combined cycle, hydrogen and AQCS.
This new MOU comes at a time when Indonesia is ramping up efforts to decarbonize its energy sector evident in its recent commitments to reduce its greenhouse gas emissions by 29% by 2030 and achieve 23% renewable energy use by 2025(2).
(1) https://power.mhi.com/news/20200130.html
(2) bit.ly/3BmvFTP
Sep 14, 2021 | Business
Mitsubishi Heavy Industries (MHI) Group in partnership with Osaka Gas USA has purchased equity interest in the Brighter Future Solar Farm from project developer Oriden, an MHI Group company. The solar photovoltaic (PV) project will provide 11 megawatts of clean power for Blue Ridge Energy in North Carolina, United States. Following project completion, Mitsubishi Heavy Industries America, Inc. (MHIA) and Osaka Gas USA will manage day-to-day operations.
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| The solar power plant currently under construction |
MHI Group is committed to building an innovative solutions ecosystem to realize a carbon neutral future. The global company identifies investment opportunities in carbon reduction projects and climate tech start-ups to accelerate its energy transition activities.
The Brighter Future Solar project aligns with that goal. It will generate and send 19,000 megawatt hours of carbon-free electricity into the grid annually. The project will enable Blue Ridge Energy to work toward its low cost, low carbon future that has two significant carbon reduction targets: to achieve 50 percent reduction in carbon emissions from 2005 levels by 2030 and to achieve net zero carbon emissions by 2050. Blue Ridge Energy will purchase the full output of the project through a 25-year fully bundled Power Purchase Agreement.
“MHI Group and Osaka Gas have a long history of collaboration and partnership,” said Yoshihiro Shiraiwa, President and CEO, Mitsubishi Heavy Industries America. “As we look toward the next few decades, we must work closely with new and existing partners to develop new business models that advance our goals for the energy transition. This partnership starts us on that path.”
“Osaka Gas USA is pleased to partner with MHI Group on this project and hopes to expand our longstanding relationship through future collaboration,” said Tetsushi Ikuta, President of Osaka Gas USA. “Through this investment, we look forward to providing low-cost clean energy to ratepayers in North Carolina, while continuing our transition to a greener portfolio.”
The Brighter Future Solar investment establishes a new business model for MHI Group. Oriden is a company backed by the MHI Group company Mitsubishi Power Americas, Inc., an industry leader in energy solutions including power generation. The existing Oriden-MHI Group relationship strengthens co-investors’ trust.
Masahiro Ogiso, President, Oriden, said, “Our custom-built Brighter Future Solar project in conjunction with MHI Group’s investment will enable cost savings and allow Blue Ridge Energy to sustainably serve its members. Together with our partners and customers, we are creating a Change in Power.”
Oriden
Located in Pittsburgh, Oriden develops, constructs, finances, owns and operates renewable energy projects throughout the United States. As local governments, public institutions and corporations prioritize cleaner sources for their energy needs, they want a developer with the ingenuity, the agility and the speed of a start-up – a fearless pioneer. But they also want to mitigate risk with a proven veteran that has the financial strength and experience to develop, commercialize, operate and own a highly complex project. Oriden is a full-service renewable energy developer funded by Mitsubishi Power Americas, Inc., an industry leader in energy solutions including power generation. For more information, please visit www.oridenpower.com.
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on www.spectra.mhi.com.
Copyright ©2021 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
May 10, 2021 | Business
Mitsubishi Heavy Industries Engineering Ltd. (MHIENG), a part of Mitsubishi Heavy Industries (MHI) Group, is to begin offering “optimaX” (trademark and patent pending), a digital service platform to comprehensively support operations and maintenance of transportation systems, industrial plants, and other types of social infrastructure. This new service consolidates into a single package the range of digital services MHIENG has offered up to now in such fields as urban transportation systems and CO2 recovery facilities, further expanding market applications as a solution to resolve issues related to the operation and maintenance of the various types of infrastructure that support environmental protections and social life.
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| optimaX Feature Map |
The introduction of optimaX provides the following benefits:
1. Improve availability of the facilities: Minimization of downtime by detecting signs of breakdown or malfunction and conducting preventive maintenance; Optimization of MTBF (Mean Time Between Failure), MKBF (Mean Kilometers Between Failures) and MTTR (Mean Time To Repair).(1)
2. Optimized operations and maintenance costs, and resources: Operational efficiency, fewer maintenance personnel, inventory optimization for spare parts.
3. Safety improvements and accident prevention: Optimization of regular maintenance (preventive maintenance) to prevent breakdown or malfunction.
4. Enhanced cyber security: Incorporates MHI’s proprietary InteRSePT technology.(2)
Companies in the transportation systems and industrial plants field are increasingly shifting from a conventional Time Based Maintenance (TBM)(3) model of periodic inspection and maintenance to a Condition Based Maintenance (CBM)(4) system of optimally timed preventive maintenance using IoT technology to monitor system status. The optimaX service responds to such needs, providing solid support for a smooth transition from TBM to CBM. The system also features enhanced cyber security with the incorporation of InteRSePT, MHI’s proprietary technology for control systems based on extensive experience in the defense sector.
MHIENG has been offering services for remote monitoring in real time of the operation status for new transportation systems such as the automated guideway transit (AGT)(5) system, and in April 2019 established the Digitalization and Business Innovation Department to oversee and lead digital transformation (DX) programs, developing the optimaX platform.
Through this department, MHIENG conducts further research and development for digital services such as anomaly detection utilizing deep learning and other AI technologies in the new transportation systems and mobility field, and safety enhancements through remaining life assessments of CO2 recovery systems and other chemical plant equipment, supporting innovation and growth for new business models that fulfill the needs of business partners in the critical infrastructure sector.
Going forward, as a part of MHI Group supporting growth fields such as energy transition to realize a carbon neutral society, electrification and intelligence in mobility, and the application of cyber security in the private sector, MHIENG will work in partnership with MHI and other companies to make life convenient and comfortable, and help build a safe and secure society.
(1) MKBF: Mean Kilometers Between Failure; MTTR: Mean Time To Repair
(2) InteRSePT (an abbreviation for Integrated Resilient Security and Proactive Technology) is a registered trademark of MHI in Japan. It is a technology for cyber security in control systems for vital infrastructure (social infrastructure) that allows for real-time anomaly detection and response to unknown cyber-attacks, helping to ensure safe and reliable system operations. See the following website for details:
https://www.mhi.com/news/18042501.html
(3) Time Based Maintenance (TBM) is an approach of conducting inspections and maintenance at regular time periods, such as daily, weekly, monthly, or annually, regardless of whether a malfunction has occurred.
(4) Condition Based Maintenance (CBM) is an approach of conducting preventive maintenance at optimal timing according to the condition of the device or equipment in order to ensure safety and reduce maintenance costs.
(5) Automated Guideway Transit (AGT) is an electric power-driven, fully automated new transportation system with rubber tires to provide a smooth ride and reduced noise.
About MHI Group
Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on www.spectra.mhi.com.
Topic: Press release summary
