Mitsubishi Power and Iberdrola have signed a collaboration agreement to develop clean energy solutions aimed at decarbonisation of industrial production around the world.

The companies will develop green hydrogen production facilities, battery storage systems, and electrified heat production facilities to promote carbon-neutral industries in the short and medium term.

This will bring together the capabilities of Iberdrola, a Spanish clean energy company, and Mitsubishi Power, a leading supplier of power generation and storage equipment, from gas and steam turbines, generators, electrolysis units, battery storage systems, and high-temperature heat pumps to steam and solar photovoltaic power generation processes.

This cooperation agreement will create teams made up of experts from both companies to identify opportunities for large-scale carbon-free renewable energy generation and storage projects for industry.