Mitsubishi Heavy Industries, Ltd. (MHI) and Reykjavik Energy (Orkuveita Reykjavikur: OR), a geothermal electricity producer and multi-utility provider in Iceland, signed a memorandum of understanding (MOU) in Tokyo, having agreed on joining forces in the development of geothermal energy opportunities globally.

OR, one of the world's leading geothermal power generation companies, is looking to promote geothermal energy use globally and has already begun development activities in Africa and elsewhere. With conclusion of the MOU, MHI, the world's foremost manufacturer of geothermal power generation equipment, will now participate in OR's initiative and jointly explore geothermal power generation projects worldwide. Specifically the two companies will collaborate in activities involving identification and verification of geothermal power generation potential, project launch support, development and supply of major equipment, preparation of power plant operation and management guidelines, etc.

 

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