Mitsubishi Electric Corporation has taken an equity position in Novel Crystal Technology, Inc., a pioneering developer and seller of gallium-oxide wafers. The partnership aims to expedite the development of high-efficiency, energy-saving power semiconductors, reinforcing Mitsubishi Electric’s commitment to supporting global decarbonization. Novel Crystal Technology stands as one of the first companies worldwide to develop, manufacture, […]
NTPC, an Indian energy company, has contracted Japan-based Mitsubishi Heavy Industries and its subsidiary Mitsubishi Power India to demonstrate the feasibility of hydrogen co-firing blended with natural gas in MHI 701D gas turbines installed at NTPC Auraiya Gas Power Plant in Uttar Pradesh. The feasibility study of hydrogen co-firing in gas turbines forms part of […]
KKR & Co. Inc. has wrapped up the previously announced JPY230 billion (US$2 billion) acquisition of Japanese real estate asset manager Mitsubishi Corp.-UBS Realty (MC-UBSR) from Mitsubishi and UBS Asset Management. The all-cash deal was announced in March 2022. MC-UBSR has now been renamed KJR Management (KJRM). It was established in 2000 as a joint […]
McDermott International and Chiyoda International said that the second train of the Cameron liquefaction project in Louisiana has entered the final commissioning stage. The two companies jointly hold the engineering, procurement and construction contract, worth around $6 billion, for the LNG export project in Hackberry. McDermott and Chiyoda introduced pipeline feed gas into Train 2 […]
