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Transactions - APRIL 29, 2021

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Puget Sound Energy Partners with Mitsubishi Power to develop renewable-energy storage solutions

by Released

Puget Sound Energy has signed a joint development agreement with Mitsubishi Power Americas, to collaborate on project development and technology solutions in line with PSE’s goal to become a “Beyond Net Zero Carbon” energy company by 2045.

This agreement will help enable the implementation of large-scale, carbon-free renewable generation and storage into PSE’s service territory, while continuing to meet customer expectations for uncompromised reliability, safety and affordability. Key areas of focus for the partnership will include:

Developing green hydrogen production, storage and transportation facilities Developing utility-scale battery storage systems and developing hydrogen gas turbine combined cycle facilities Collaborating to pursue cross-sector decarbonization opportunities to create synergies between the power sector and other industrial sectors in the region, including refineries, transportation and distribution

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