GE Energy & MHI Sign MOU
GE Energy and Mitsubishi Heavy Industries, Ltd. (MHI), two manufacturers of power generation equipment, have signed a memorandum of understanding (MOU) to co-develop the “next generation” steam turbine for use in gas turbine combined-cycle power plants. Development of a new advanced steam turbine is viewed by both companies as an important step in meeting customer requirements for increased combined-cycle efficiency and performance worldwide.
GE and MHI, after negotiation and execution of definitive agreements, are planning to pursue cooperation with the goal of designing and developing the world’s most advanced “best of breed” combined cycle steam turbine, which the two companies then would include as part of their respective product offerings.
Much of the current demand for steam turbines is being driven by the strong global interest in natural gas-fired, combined-cycle power generation plants. Although a full range of technology options is required to meet the world's growing electricity needs, steam turbines remain a backbone of the power generation industry, playing a part in generating more than 80% of the world's electricity.
For more information: WWW.GE.COM OR WWW.MITSUBISHITODAY.COM