The western wing of Mitsubishi Hitachi Power Systems (MHPS) has spun off a business line focused on digital power, energy storage and low-carbon power generation, the company announced Thursday morning.
MHPS Americas’ new Power & Energy Solutions business wants to develop next generation technologies, both proprietary and in partnerships, utilizing artificial intelligence, energy efficiency, battery storage beyond lithium ion, geothermal renewable power, solid oxide fuel cells and upgrades for natural gas-fired power plants. The new firm is headquartered in Lake Mary, Florida and is launching having already made some solutions commercially available, according to the release.
MHPS Americas Vice President Tom Cornell was promoted to lead Power & Energy Solutions beginning next Monday.
"As our existing power generation business continues to grow and capture market share throughout the Americas, MHPS is excited to announce this new investment in innovative technologies, new business models, digital tools, and customer partnerships to deliver solutions that take the cost and the carbon out of the entire generation, delivery, and consumption value chain of the power industry," said Paul Browning, President and CEO of MHPS Americas. "Tom has deep roots in the power industry, and will lead a team of A-players to ensure that we're collaborating with our customers as they negotiate the Change in Power that is underway in our industry."
MHPS Americas, also based in Lake Mary, employs more than 2,000 people working on projects throught North and South America, according to the company release. MHPS designs, builds and services natural gas, steam and geothermal turbines, generators and environmental control systems.
The worldwide parent MHPS is a joint venture between Tokyo-based Mitsubishi Heavy Industries and Hitachi in 2014.