Mitsubishi Heavy Industries
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At Mitsubishi Heavy Industries (MHI) Group, we channel big thinking into solutions that MOVE THE WORLD FORWARD - advancing the lives of everyone who shares our planet. Find out how we bring people and businesses around the globe together to pave the way to a future of shared success.
Assembly Line
🏴 Fervo Energy Raises $244 Million to Accelerate Deployment of Next-Generation Geothermal
Fervo Energy, the leader in next-generation geothermal development, announced that it has raised $244 million in new funding led by Devon Energy, a pioneer in shale oil and gas. This financing will unlock Fervo’s next phase of growth, deploying proven technology adapted from the oil and gas industry at scale to deliver commercially viable 24/7 carbon-free energy. Galvanize Climate Solutions, John Arnold, Liberty Mutual Investments, Marunouchi Innovation Partners, Mercuria, and Mitsubishi Heavy Industries also joined the round alongside existing investors Capricorn’s Technology Impact Fund, Congruent Ventures, DCVC, Elemental Excelerator, Helmerich & Payne, and Impact Science Ventures.
Since its last fundraise, Fervo has successfully brought its first commercial project online, establishing Fervo’s system as the most productive enhanced geothermal system (EGS) in history. Fervo has also begun drilling at Cape Station, a 400 MW project in Beaver County, Utah. Early drilling results show reduced drilling times and lower costs that significantly exceed Department of Energy expectations for EGS. The fundraise will support Fervo’s continued operations at Cape Station, which will begin delivering clean electricity to the grid in 2026.
Element Energy raises US$111 million
Element Energy, a Menlo Park-based Battery Management Technology company, announced the close of $111 million in capital comprised of a $73 million Series B equity investment and a $38 million debt facility provided by Keyframe Capital Partners, L.P. The Series B round is co-led by one of the largest clean energy generation companies in the U.S. and Cohort Ventures.
Founded in 2019, Element has developed proprietary hardware and software algorithms applicable to both first and second life batteries to improve visualization, battery safety, and efficiency. Element’s technology is being validated on a large scale with a 50 MWh pilot project in the United States, which is expected to be completed in early 2024. Element will collect necessary data through its pilot project, obtain UL certification, and proceed to commercialize the product.
bp Leads $12.5 Million Series A Investment In Low-Cost Hydrogen Electrolyzer Innovator, Advanced Ionics
Advanced Ionics, the developer of a new category of hydrogen electrolyzers useful for expanding green hydrogen production, closed a $12.5 million Series A financing led by bp ventures, with additional investors including Clean Energy Ventures, Mitsubishi Heavy Industries, and GVP Climate.
The new capital will help catalyze Advanced Ionics’ growth and facilitate the initial deployment of its Symbion™ water vapor electrolyzer technology for heavy industry. Water vapor electrolyzers address two of the biggest obstacles to expanding green hydrogen production: cost and electricity requirements.
Heidelberg Materials North America and MHI Are Working Toward First Full-Scale Carbon Capture, Utilization and Storage Solution for Cement Industry
Heidelberg Materials announced today that Mitsubishi Heavy Industries, Ltd. (MHI) has delivered and installed a compact CO2 pilot capture system “CO2MPACTTM” at its cement plant in Edmonton, Alberta, Canada.
Through a partnership between Heidelberg Materials, the Government of Canada and the Government of Alberta, the facility is expected to become the first full-scale carbon capture, utilization and storage (CCUS) solution for the cement industry globally. The new facility, which Heidelberg Materials anticipates being operational by late 2026, will capture more than 1 million tonnes of CO2 annually from its Edmonton cement plant and the combined heat and power facility that is integrated with the capture process.
Mitsubishi Heavy Industries Engineering: How data can transform transportation efficiency
Mitsubishi Automates Boeing 777 Fuselage Production
Mitsubishi Heavy Industries Ltd. (MHI) assembles 777 fuselage panels in Hiroshima, Japan, and ships them to Boeing’s wide-body aircraft factory in Everett, WA. To improve productivity and boost quality, the airframer recently installed an automated fastening system supplied by Broetje-Automation GmbH.
Two state-of-the-art production lines include nine major fastening systems that improve flexibility and throughput. The goal of the multi year project was to create an automated assembly system that can quickly adapt to production fluctuations and cost reductions. A flow line concept enables MHI to assemble multiple types of panels in different sizes and shapes on the same line, while significantly improving throughput and quality.
Traditionally, the aerospace industry has been slow to automate. “[That’s because manufacturers demand extremely accurate levels] of precision and quality,” says Wermter. “Commercial aircraft are large, complex products. “The total number of planes produced annually is also significantly low compared to other manufacturing sectors, such as automotive or consumer goods,” explains Wermter. “Only a small part of the entire production process is automated. “Due to complex processes [and tight tolerances], it’s often necessary to combine automatic and manual work in one workstation,” says Wermter. “Automation of entire lines is [rare] in the aerospace sector. However, new digital technologies, human-machine collaboration and Industry 4.0 [tools] are changing that scenario.”