Receive our newsletter – data, insights and analysis delivered to you
  1. News
May 21, 2021

Iberdrola and Mitsubishi Power partner for renewable technologies

Spanish utility company Iberdrola and Japanese Mitsubishi Power have signed an agreement to jointly develop competitive, clean, and safe renewable energy technologies that promote the decarbonisation of industrial production in different regions around the world.

By Yoana Cholteeva

Mitsubishi Power and Iberdrola leaders have signed the co-operation agreement to identify opportunities for large-scale carbon-free renewable energy generation and storage projects for industrial use, one of the trickiest sectors to decarbonise.

The partners will form teams of experts to identify industrial-scale, carbon-free renewable energy generation and storage projects to drive the development of green hydrogen projects, battery storage systems, and heat electrification solutions in various regions.

Mitsubishi Power president and CEO Ken Kawai said: “Iberdrola and Mitsubishi Power have been collaborating in supporting decarbonisation in power generation sector by providing high-efficiency GTCC projects. With 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.”

Iberdrola director of Liberalized Business Aitor Moso said: “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.”

With nearly 35,000MW of installed capacity, Iberdrola already has more than 20 years of experience in renewable energy. The company recently launched a major €150bn investment plan aimed to double network assets and triple renewable capacity.

Content from our partners
Green investment: What gives Scotland multiple advantages
How Hengst helped to keep Germany’s charity “star singers” shining
How one power station prevented frequent shutdowns with three-stage air filtration

Related Companies

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU