The strategic partnership between Mitsubishi Power Americas and Warwick Carbon Solutions will help North America reach net zero goals by 2050. (Source: Shutterstock)
Mitsubishi Power Americas Inc. and Warwick Carbon Solutions Development Co. have entered into a joint development agreement focused on decarbonization projects in the energy and industrialization industries, the companies announced in an April 5 press release.
The strategic partnership will help North America reach net zero goals by 2050 and focus on companies within the oil and gas, industrial and power generation sectors.
Mitsubishi’s will provide engineering, design and project development services, equipment supply and long-term operational services for electric power generation and storage systems. Warwick Carbon Solutions will provide energy infrastructure and industry expertise in developing carbon capture and storage projects.
“As evidenced by the U.S. Inflation Reduction Act and other important initiatives directed at advancing clean energy, the time is now to collaboratively pursue new decarbonization technologies and solutions,” Bill Newsom, president and CEO of Mitsubishi Power Americas, said.
Headquartered in Florida, Mitsubishi Power Americas provides energy storage and power generation solutions, including gas, steam, geothermal systems, photovoltaic solar and turbines to customers across North, Central and South America.
Warwick Carbon Solutions is headquartered in Houston and focuses on the development of power and industrial energy transition projects.
Recommended Reading
Not Sweating DeepSeek: Exxon, Chevron Plow Ahead on Data Center Power
2025-02-02 - The launch of the energy-efficient DeepSeek chatbot roiled tech and power markets in late January. But supermajors Exxon Mobil and Chevron continue to field intense demand for data-center power supply, driven by AI technology customers.
Oil, Gas and M&A: Banks ‘Hungry’ to Put Capital to Work
2025-01-29 - U.S. energy bankers see capital, generalist investors and even an appetite for IPOs returning to the upstream space.
Riverstone’s Leuschen Plans to IPO Methane-Mitigation-Focused SPAC
2025-01-21 - The SPAC will be Riverstone Holdings co-founder David Leuschen’s eighth, following the Permian Basin’s Centennial Resources, the Anadarko’s Alta Mesa Holdings and the Montney’s Hammerhead Resources.
Utica Oil Player Ascent Resources ‘Considering’ an IPO
2025-03-07 - The 12-year-old privately held E&P Ascent Resources produced 2.2 Bcfe/d in the fourth quarter, including 14% liquids from the liquids-rich eastern Ohio Utica.
The Private Equity Puzzle: Rebuilding Portfolios After M&A Craze
2025-01-28 - In the Haynesville, Delaware and Utica, Post Oak Energy Capital is supporting companies determined to make a profitable footprint.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.