MHI plans to expand its geothermal power business

Mitsubishi Heavy Industries, Ltd (MHI) announced January 20 a policy to raise the annual sales of its geothermal power business to 18 billion yen. Geothermal power development is on the move in the world because of its low carbon nature among other factors. MHI, which holds a leading 24.6 per cent share in the world geothermal power system market, intends to expand its geothermal business in keeping with the growth of the entire market.

The total geothermal power capacity in the world is 10,710 MW as of 2010. Because geothermal development is gaining momentum in the world owing to increasing energy demand, necessity to reduce carbon dioxide emissions and soaring fossil fuel prices, geothermal power capacity is expected to grow at a rate of 1,000 MW per year until 2015.

MHI has supplied a total of 100 geothermal power generation systems, notably large-scale flash cycle systems having an electric output of about 50 MW. It will increase proposal and delivery of full turnkey design and construction projects by use of its worldwide network. The company will also actively promote supply of individual components.

Thanks for reading to the end of this story!

We would be grateful if you would consider joining as a member of The EB Circle. This helps to keep our stories and resources free for all, and it also supports independent journalism dedicated to sustainable development. It only costs as little as S$5 a month, and you would be helping to make a big difference.

Find out more and join The EB Circle

Topics
Regions
Tags
Advertisement
blog comments powered by Disqus
Asia Pacific’s Hub For Collaboration On Sustainable Development
An Eco-Business initiative
The SDG Co