Iberdrola and Mitsubishi Power have signed a collaboration agreement to jointly develop renewable energy-based systems that enable decarbonisation of industrial production.
The alliance between the two companies will develop green hydrogen production facilities, battery storage systems and electrified heat production facilities with the aim of promoting carbon neutral industries in the short and medium term.
Mitsubishi Power CEO Ken Kawai and Aitor Moso, Iberdrola’s liberalised business director have signed the cooperation agreement that will create teams made up of experts from both companies to identify opportunities for large-scale carbon-free renewable energy generation and storage clean
Kawai said: “Iberdrola and Mitsubishi Power have been collaborating in supporting decarbonisation in power generation sector by providing high efficiency GTCC projects.
“Using this collaborating experience in GTCC projects, we will jointly develop and deploy the necessary hydrogen infrastructure, battery energy storage systems, and electrified heat production systems to decarbonise the power and industrial sectors.
“This joint development with Iberdrola fulfils our mission to create a future that works for people and the planet by developing innovative power and storage solutions to realise a carbon neutral future.”
Moso added: “With the expansion of renewable solutions such as the electrification of heat, battery storage and green hydrogen in industrial manufacturing processes, we are putting our capabilities at the service of an urgent and common goal: to build a more sustainable and emissions-free economic model, offering development opportunities for industry and employment.”