TELETRADER News
4/29/2021, 7:12 PM (Source: TeleTrader)
more TeleTrader news

Mitsubishi, PSE partner to develop energy storage solutions

Mitsubishi Power Americas, Inc., a subsidiary of Mitsubishi Heavy Industries, Ltd., announced on Thursday that it has signed a joint development agreement with Puget Sound Energy (PSE) to collaborate on project development and technology solutions related to renewable energy storage systems.

The companies will focus on several key areas, including the development of green hydrogen production and storage facilities and utility-scale battery storage systems. In addition, both Mitsubishi Power and PSE will collaborate to pursue opportunities for cross-sector decarbonization and create synergies between other key sectors such as refineries, distribution, and transportation.

"We believe our customers will be the heroes in achieving net-zero carbon emissions in the power sector, and we plan to support them with joint development agreements like this one with Puget Sound Energy," said Mitsubishi Power President and Chief Executive Officer Paul Browning.

Baha Breaking News (BBN) / IV