-- Demand Surges for Advance Class Gas Turbines --
YOKOHAMA, Japan-Wednesday 20 May 2020 [ AETOS Wire ]
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(BUSINESS WIRE)
-- Mitsubishi Hitachi Power Systems (MHPS) ranks first in market share
by megawatts for gas turbine orders in 2020 according to data obtained
from McCoy Power Reports. First quarter global orders of 2,638 MW
brought MHPS’ market share to 28.5 percent globally. This increase in
gas turbine market share was largely responsible for worldwide order
booking increasing 19.7 percent during MHPS’ fiscal year ending March
31, 2020.
“The
extremely competitive global gas turbine market has moved in our
direction with a clear preference for our JAC gas turbines, which are
more reliable than competitor’s gas turbines while providing
record-setting fuel efficiency and output,” said Ken Kawai, MHPS
President and Chief Executive Officer. “Sales of MHPS’ gas turbines in
both the advanced class and aero-derivative segments have gained
momentum as utilities, independent power producers and municipalities
around the world seek to lower their electricity cost through our unique
combination of proven reliability and world class performance.”
MHPS’
J-Series gas turbines first entered commercial operation in 2011 and
hold world-record reliability at 99.5%. In addition, they deliver
combined cycle efficiency greater than 64%. The installed fleet of
J-Series gas turbines recently achieved one million hours of commercial
operation worldwide, which is nearly double that of competitors’ similar
sized gas turbines.
Boosting
MHPS’ first quarter 2020 market share was an order for the first two
renewable-hydrogen-capable JAC gas turbines for the Intermountain Power
Agency in Delta, Utah. Dan Eldredge of the Intermountain Power Agency
said, "We chose MHPS' JAC power trains because they offered the best
overall solution for our power generation equipment requirements,
including the fuel flexibility that will enable us to meet our
incremental goals toward 100% carbon-free power generation by 2045. With
MHPS' tools and support, we expect to reliably provide cleaner power
for decades to come."
Forty-five
J-Series gas turbines are in commercial operation, and total ordered
capacity exceeds 25 GW globally. One hundred and four units have been
technically selected in Brazil, Canada, Japan, Mexico, Peru, South
Korea, Taiwan, Thailand, and the United States.
“The
marketplace has recognized our efforts through a wave of technical
selections and orders placed,” said Junichiro Masada, Senior Vice
President, Co-Chief Technology Officer, and Deputy Head of
Turbomachinery Headquarters, MHPS. “And we continue to improve our
technology. For example, we recently synced to the grid in Takasago,
Japan, and reached full load with the latest 60 Hz enhancement of the
JAC, demonstrating record-setting output and combined cycle efficiency.
Competitors are years away from entering operation with a gas turbine of
this size or efficiency. In addition, we recently demonstrated a
significant performance enhancement of the FT4000 at our test facility
in West Palm Beach, Florida.”
The FT4000
aero-derivative gas turbine, with multiple active projects in North
America and internationally, has tripled its global footprint in the
past two years and captured significant market share in its class since
the purchase of PW Power Systems (PWPS) in 2013. The PWPS FT4000 first
entered commercial operation in 2015 and delivers industry-leading
simple cycle efficiency, start time and ramp rate.
“We are proud
that our technology has launched us to global leadership in the
competitive gas turbine market,” said Ken Kawai, President and Chief
Executive Officer. “We value the contributions of our employees around
the world who are focused on bringing advanced technologies and energy
solutions to the marketplace for affordable and reliable power supplies.
We remain committed to enabling a decarbonized economy and helping to
resolve the challenges facing our global society.”
About Mitsubishi Hitachi Power Systems, Ltd.
Mitsubishi
Hitachi Power Systems, Ltd. (MHPS), headquartered in Yokohama, Japan, is
a joint venture formed in February 2014 by Mitsubishi Heavy Industries,
Ltd. and Hitachi, Ltd. integrating their operations in thermal power
generation systems and other related businesses. MHPS recently announced
that its name will soon change to Mitsubishi Power. MHPS today ranks
among the world’s leading suppliers of equipment and services to the
power generation market, backed by 100 billion yen in capital and
approximately 20,000 employees worldwide. The Company’s products include
GTCC (gas turbine combined-cycle) and IGCC (integrated coal
gasification combined-cycle) power plants, gas/coal/oil-fired (steam)
power plants, boilers, generators, gas and steam turbines, geothermal
power plants, AQCS (air quality control systems), power plant peripheral
equipment and solid-oxide fuel cells (SOFC). For more information,
please visit the Company's website at https://www.mhps.com.
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Contacts
Naoya Kanamura
Deputy Manager
Corporate Communications Group
Mitsubishi Hitachi Power Systems, Ltd.
Mobile: +81-(0)80-9592-0069
E-mail: naoya_kanamura@mhps.com
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