Mitsubishi Power and Warwick Carbon Solutions Development Company entered into a joint development agreement to advance decarbonization projects among energy and industrial sectors.

The two companies will work together to identify and develop long-term projects that will help the North American region achieve net zero no later than 2050. The partnership will focus on the decarbonization of companies operating in the oil and gas, industrial process, and power generation sectors.

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, including hydrogen-capable gas turbines, production and storage systems, and decarbonization solutions.

Warwick Carbon Solutions Development Company will provide:

• Energy infrastructure and power development expertise, including government regulatory and industry knowledge for developing carbon capture and storage projects
• Support services to evaluate a variety of commercial, financial and technological approaches to advancing 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,” Bill Newsom, president and CEO of Mitsubishi Power Americas, said. “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,” Jonathan Wiens, CEO of Warwick Carbon Solutions Development Company, said.