Mitsubishi Power and Warwick Carbon Solutions to Jointly Develop Advanced Decarbonization Projects for Power and Industrial Sectors

• Joint Development Agreement (JDA) will create opportunities to provide unique, sustainable decarbonization solutions to the energy and industrial sectors in North America

Innovative decarbonization solutions will soon take center stage as Mitsubishi Power and Warwick Carbon Solutions have entered into a Joint Development Agreement (JDA) that leverages the expertise of both companies to advance decarbonization projects among energy and industrial sectors.

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“As evidenced by the US IRA and other important initiatives directed at advancing clean energy, the time is now to collaboratively pursue new decarbonization technologies & solutions,” said Bill Newsom, President & CEO, Mitsubishi Power Americas.

The two companies will work together as strategic partners to identify and develop long-term viable projects that will help the North American region achieve net zero no later than 2050. Each company brings their own world-class products, services and design expertise to the JDA which will focus on the decarbonization of companies operating in the Oil & Gas, industrial process, and power generation sectors.

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Mitsubishi Power will provide:

• Engineering, design, project development support services, equipment supply, and long-term operational services for electric power generation and storage systems
• Equipment supply to include cutting-edge hydrogen-capable gas turbines, production and storage systems, and decarbonization solutions.

Warwick Carbon Solutions Development Company, a targeted developer of energy transition projects, will provide:

• Energy infrastructure and power development expertise, including government regulatory and industry knowledge for developing carbon capture and storage (CCUS) projects
• Support services to evaluate a wide variety of commercial, financial and technological approaches to advance decarbonization across North America

“As evidenced by the US Inflation Reduction Act and other important initiatives directed at advancing clean energy, the time is now to collaboratively pursue new decarbonization technologies and solutions,” said Bill Newsom, President and CEO, Mitsubishi Power Americas. “With our comprehensive combination of world-class technology and proven green energy investment expertise, this partnership will open doors that can lead to more projects along the path to net zero. Together with our customers and partners, we are creating Change in Power.”

“We are pleased to have Mitsubishi Power as our partner. There is a tremendous need and opportunity to advance high-impact clean energy projects. Mitsubishi Power’s best-in-class power and decarbonization technology solutions make them the perfect partner to grow a meaningful portfolio of green energy investments. We are excited about the future of this partnership and the difference our collective capabilities will make as we strive for net zero,” said Jonathan Wiens, CEO, Warwick Carbon Solutions Development Company.

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