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Transactions - APRIL 5, 2023

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Mitsubishi Power and Warwick form JDA focused on decarbonizing oil and gas, industrial sectors

by Kali Persall

Mitsubishi Power and Warwick Carbon Solutions have entered into a joint development agreement focused on the decarbonization of companies operating in the oil & gas, industrial process, and power-generation sectors.

Mitsubishi will provide engineering, design, project development support services and long-term operational services for electric power-generation and storage systems. The company will also provide equipment supply, such as cutting-edge hydrogen-capable gas turbines, production and storage systems, and decarbonization solutions. Warwick, a targeted developer of energy transition projects, will provide energy infrastructure and power development expertise, including government regulatory and industry knowledge for developing carbon capture and storage (CCUS) projects. The company will also provide support services to evaluate a wide variety of commercial, financial and technological approaches to advance decarbonization across North America.

The strategi

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