Mitsubishi Power

What Mitsubishi Power does

Mitsubishi Power is the power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI), a Japanese industrial conglomerate listed on the Tokyo Stock Exchange (ticker 7011). The company designs and manufactures large-frame gas turbines, gas turbine combined cycle (GTCC) power plants, steam turbines, boilers, generators, air quality control systems, and solid oxide fuel cells for regulated electric utilities, independent power producers, national governments and state-owned utilities, and oil and gas/industrial operators across the Americas, EMEA, Asia Pacific, Middle East, and Africa. Its flagship JAC Series turbines (M501JAC and M701JAC) achieve more than 64% combined cycle efficiency with demonstrated hydrogen co-firing capability (30% commercial, 50% tested with Georgia Power) and a documented 99.6% fleet reliability record over millions of operational hours.

The business operates through a hardware-led, project-based revenue model: turnkey EPC consortium arrangements with partners such as Samsung C&T, Doosan Enerbility, and Jurong Engineering for utility-scale power plants; direct sales of gas turbines, steam turbines, and balance-of-plant equipment; multi-year Long-Term Service Agreements (LTSA) covering parts, remote monitoring, and technical advisory that lock in recurring aftermarket revenue; and emerging digital and decarbonization streams including TOMONI AI-enabled intelligent solutions, ACES Delta green hydrogen and salt-cavern storage with Chevron, post-combustion carbon capture, and battery energy storage. Go-to-market is enterprise field sales targeting named national accounts (Georgia Power, Qatar Kahramaa, Petrovietnam, Gulf Thailand, PacificLight, Tallgrass, ALBA, ANRPC, HEISCO) with regional headquarters in Lake Mary (Americas) and Singapore (Asia Pacific) plus manufacturing in Takasago (Japan), Savannah, and Houston. The company is currently scaling capacity (over 50 billion yen / ~$320 million committed, ~30% output lift targeted at Takasago) to address a roughly 40% YoY rise in energy system unit orders driven by AI-data-center power demand and the hydrogen transition.

Name

Mitsubishi Power

Legal name

Mitsubishi Heavy Industries, Ltd.

Website

https://power.mhi.com

Company type

Private

Founded year

2020

Operating status

Operating

Short description

Mitsubishi Power, a brand of Mitsubishi Heavy Industries, designs and manufactures large-frame gas turbines, combined-cycle power plants, and steam turbines for utilities, independent power producers, governments, and data center operators, with hydrogen-ready technology, TOMONI digital services, and long-term service agreements.

Ownership category

akta.pro rank

Product category

Power Generation Equipment

NAICS

Turbine and Turbine Generator Set Units Manufacturing (333611), Engine, Turbine, and Power Transmission Equipment Manufacturing (3336), Power Boiler and Heat Exchanger Manufacturing (33241)

SIC

Engines & Turbines (3510), Motors & Generators (3621)

akta.pro primary industry

Gas Turbines (Industrial & Utility-Scale) (IMAHAFAA)

akta.pro secondary industries

Gas-Fired Power Plant O&M and Life-Extension/Repowering Services (EUACABAJ), Steam Turbines & Turbogenerators (IMAHAFAB), Integrated Gasification Combined Cycle (IGCC) Coal Power Plants (EUACAAAE)

Keywords

• Gas turbine manufacturing
• Combined cycle power plants
• Power generation equipment
• Long-term service agreements
• Hydrogen-ready turbines

Headquarters

HQ city

Yokohama

HQ country

Japan

HQ region

Asia

Offices13 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Gas Turbine and Power Generation Equipment Sales: Sale of major power generation equipment including gas turbines (JAC series, G series, F-class, H-class), steam turbines, boilers, generators, and complete GTCC power plants. Revenue from turnkey EPC contracts for power plant construction.
2. Long-Term Service Agreements (LTSA): Comprehensive maintenance and service contracts covering gas turbines, steam turbines, boilers, generators, and air quality control systems. Includes spare parts supply, remote monitoring, technical advisory services, and reliability upgrades.
3. Digital Solutions (TOMONI): AI-powered intelligent solutions for power plant optimization, including performance monitoring, predictive maintenance, and autonomous operation capabilities.
4. Green Hydrogen and Energy Storage Solutions: Advanced Clean Energy Storage (ACES) project producing green hydrogen via electrolysis, with storage in salt caverns for seasonal energy storage and hydrogen supply.
5. Air Quality Control Systems (AQCS): Emissions control equipment including SCR systems, flue gas desulfurization (FGD), and electrostatic precipitators for pollution prevention.
6. Fuel Conversion and Upgrades: Retrofit and upgrade services for transitioning power plants from coal to natural gas, fuel conversions, and efficiency improvements.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels11 records

Core offering

Mitsubishi Power designs, manufactures, and services large-scale gas turbines (notably the JAC Series with >64% combined cycle efficiency), complete Gas Turbine Combined Cycle (GTCC) power plants, steam turbines, ultra-supercritical boilers, generators, air quality control systems, geothermal plants, and solid oxide fuel cells for utilities, independent power producers, and governments. The company also delivers Long-Term Service Agreements, the TOMONI AI-driven digital optimization platform, and emerging decarbonization solutions including hydrogen co-firing turbines, post-combustion carbon capture, and battery energy storage.

Product overview

Mitsubishi Power is a power solutions brand of Mitsubishi Heavy Industries offering a comprehensive portfolio of power generation equipment and services. The core product portfolio centers on gas turbine technology including the JAC Series (M701J/JAC and M501J/JAC) as world-class highly efficient (>64% combined cycle efficiency) and hydrogen-ready turbines, alongside G Series, F-Class, H-25, and H-100 models. Complementary power solutions include Gas Turbine Combined Cycle (GTCC) plants, Steam Power Plants, Integrated Coal Gasification Combined Cycle (IGCC), and Geothermal Power Plants. The company also manufactures supporting equipment including Steam Turbines, Boilers, Generators, Air Quality Control Systems (AQCS), Control Systems (DIASYS), and Solid Oxide Fuel Cells (SOFC). The services suite includes Long Term Service Agreements (LTSA), Operation & Maintenance Support, Training Services, and the TOMONI intelligent solutions digital platform featuring AI-powered analytics and autonomous operations. Add-on solutions encompass Battery Energy Storage Systems (BESS), Carbon Capture Systems, Hydrogen Power Solutions, and Additive Manufacturing services.

Differentiator

Problem solved

Functional benefit

Brands

• TOMONI: Intelligent solutions suite leveraging AI, machine learning, and advanced analytics for autonomous power plant operations and predictive maintenance
• TOMONI HUB
• JAC Series
• M501JAC
• M701JAC
• GTCC
• DIASYS
• AM-Zone

Products and services

• JAC Series Gas Turbines World-class heavy-frame gas turbines including the M701JAC (50Hz) and M501JAC (60Hz) models, offering over 64% combined cycle efficiency, hydrogen co-firing readiness, and a proven reliability record of 99.6% across the J-Series fleet. Designed for utility-scale power generation customers globally.
• G Series Gas Turbines Proven M501G and M701G series gas turbines delivering high performance and reliability for utility-scale and industrial power generation applications.
• F-Class Gas Turbines F-Class gas turbines providing reliable power generation with proven technology and performance for utility and industrial customers.
• H-25 Gas Turbine Heavy-duty gas turbine for industrial power generation, providing high efficiency and reliability for industrial and small utility applications.
• H-100 Gas Turbine Aeroderivative-style heavy-duty gas turbine providing efficient power generation for industrial and utility-scale applications.
• Aero FT8 MOBILEPAC Mobile aero-derivative gas turbine power package offering approximately 30 MW capacity for rapid deployment, temporary power, and distributed generation applications.
• Aero FT8 SWIFTPAC Fixed-site aero-derivative gas turbine power solution providing reliable power generation for distributed and industrial applications.
• Aero FT4000 SWIFTPAC Large-scale aero-derivative gas turbine power package designed for industrial and utility-scale distributed generation applications.
• Gas Turbine Combined Cycle (GTCC) Power Plants Integrated combined cycle power plants combining gas turbines with steam turbines to achieve combined cycle efficiencies exceeding 64%, delivered as turnkey EPC projects for utilities and governments (e.g., 2,800 MW five-unit GTCC projects).
• Steam Power Plants Conventional steam power generation systems including boilers and steam turbines for reliable baseload power generation.
• Integrated Coal Gasification Combined Cycle (IGCC) Clean coal technology combining coal gasification with combined cycle power generation for efficient, lower-emission power generation.
• Geothermal Power Plants Renewable power generation solutions utilizing geothermal energy sources with outputs from 100 kW to 151 MW. Over 100 units supplied across 13 countries generating more than 3,000 MW.
• Steam Turbines Steam turbines ranging from industrial to utility-scale applications with advanced steam conditions for combined cycle, geothermal, and conventional steam plants.
• Boilers Industrial boilers including ultra-supercritical pressure boilers delivering over 1,000 MW output for efficient power generation.
• Air Quality Control Systems (AQCS) Environmental control technologies including Selective Catalytic Reduction (SCR), Flue Gas Desulfurization (FGD), and electrostatic precipitators to reduce NOx, SOx, and particulate emissions from power plants.
• Generators Power generation generators for various applications across the power plant portfolio.
• DIASYS Control Systems Advanced control systems for power plant monitoring and operation, including DIASYS Netmation and optional products for plant automation.
• Solid Oxide Fuel Cells (SOFC) High-efficiency fuel cell technology capable of generating power from diverse fuels including natural gas and hydrogen, with quiet operation suitable for distributed power applications.
• Additive Manufacturing AM-Zone additive manufacturing services including high-performance powder manufacturing equipment and powder production for turbine components.
• TOMONI Intelligent Solutions AI-enabled digital solutions suite leveraging advanced analytics, machine learning, and adaptive control technology for autonomous power plant operations and predictive maintenance, including TOMONI HUB remote monitoring and TOMONI Voice platform.
• Battery Energy Storage Systems (BESS) Large-scale battery energy storage solutions for grid stabilization and renewable integration.
• Carbon Capture Systems Post-combustion amine absorption technology for capturing over 90% of CO2 emissions from power plants for permanent underground storage.
• Hydrogen Power Solutions Hydrogen-ready gas turbines capable of co-firing and transitioning to 100% hydrogen operation, including demonstrated 50% hydrogen blend technology achieving 22% CO2 reduction.
• Long Term Service Agreement (LTSA) Comprehensive multi-year maintenance and service packages covering gas turbines, steam turbines, generators, boilers, and AQCS equipment with parts supply, remote monitoring, and technical support.
• Operation & Maintenance Support On-site operational support, remote monitoring via TOMONI HUB, and technical training services for power plant personnel.
• Training Services Comprehensive training programs for power plant operators and engineers to enhance sustainability, reliability, and efficiency.

Quantifiable outcome

• Over 64% combined cycle efficiency with J-series gas turbines
• +6 more outcomes

Named customers14 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature10 records

Partnerships

16 partnerships are on record, tiered major, core, supporting and strategic.

• LNGPH / South Premiere Power Corp.majorStrategic or Co-development Partner · 22 June 2026Long-term maintenance contract for 1,200-megawatt Ilijan combined-cycle power plant in Batangas, Philippines. Deal covers M501G gas turbine components, spare parts, and specialized technical advisory services, extending 24-year operational footprint at the site through 2040.
• Georgia Power (Southern Company)coreStrategic or Co-development Partner · 16 June 2026Successful 50% hydrogen fuel blend testing on M501GAC natural gas turbine at Plant McDonough-Atkinson - the largest such test globally. Achieved approximately 22% reduction in CO2 emissions. Previous 20% blend test completed in 2022.
• PowerSouth Energy CooperativemajorStrategic or Co-development Partner · 3 June 2026Supply of advanced-class gas turbine for Lowman Energy Center expansion in Leroy, Alabama, increasing regional power capacity to over 1 gigawatt. Second M501JAC turbine beginning operation in 2023.
• Mitsubishi Heavy IndustriescoreStrategic or Co-development Partner · 19 May 2026Trilateral energy partnership proposal with India and South Africa combining Japanese technology, Indian execution capabilities, and South Africa's developmental priorities for energy cooperation across Africa.
• Tallgrass EnergymajorStrategic or Co-development Partner · 15 May 2026Turbine allocation for Phase 1 of Cheyenne Power Hub in southeast Wyoming. Two M501JAC gas turbines will provide approximately 1,150 megawatts of capacity to serve Project Jade data center campus, representing a more than $7 billion investment.
• Mitsubishi Corporation / Çalık EnerjimajorStrategic or Co-development Partner · 7 April 2026General contractor for third combined-cycle unit (650 MW) at Navoi Thermal Power Plant in Uzbekistan. Over 2,400 specialists and 200 units of specialized equipment deployed. New unit expected to produce 4.8 billion kWh annually.
• CertarussupportingStrategic or Co-development Partner · 31 March 2026Partnered for hydrogen supply and logistics in Georgia Power hydrogen blending demonstration project at Plant McDonough-Atkinson.
• HEISCO (Kuwait)majorStrategic or Co-development Partner · 23 March 2026$1.6 billion contract for modernization of Sabiya Power and Water Distillation Station. Project aims to extend plant operational life by 20 years, improve efficiency, reduce environmental impact, supporting Kuwait's Vision 2035.
• VPI (Damhead Creek, UK)coreStrategic or Co-development Partner · 28 January 2026Completed upgraded reliability package at 812 MW Damhead Creek gas turbine combined cycle power station in Kent, UK. Includes enhanced startup response, operational performance, reliability upgrades, and turbine control system update.
• Samsung C&T / Ras Abu Fontas Power Company (Qatar)majorStrategic or Co-development Partner · 14 January 2026Supply of M701JAC gas turbines for Qatar's Facility E IWPP project - 2.4 GW generating approximately 20% of Qatar's national grid capacity and 495,000 tons per day of desalinated water, operational in 2028.
• Petrovietnam (O Mon 1)supportingStrategic or Co-development Partner · 6 November 2025Contract to upgrade existing boiler equipment at O Mon 1 Thermal Power Plant in Vietnam, supporting oil-to-natural gas fuel conversion project.
• PacificLight Power / Jurong Engineering Limited ConsortiumcoreStrategic or Co-development Partner · 23 October 2025EPC consortium for 670 MW hydrogen-ready CCGT power plant on Jurong Island, Singapore. Scheduled to begin operations in 2029, with ability to operate on 30% hydrogen and transition to 100% hydrogen in future.
• Low Carbon Infrastructure (I Squared Capital)strategicStrategic or Co-development Partner · 23 October 2025Broadwing Energy Center project - 400 MW natural gas-fired power plant with carbon capture and sequestration in Decatur, Illinois for Google. Uses Mitsubishi Power M501JAC gas turbine with post-combustion amine absorption technology.
• Petrovietnam / Doosan EnerbilitycoreStrategic or Co-development Partner · 8 September 2025Supply of two M701JAC gas turbines for O Mon 4 Gas Turbine Combined Cycle Power Plant (1,155MW) in Can Tho, Vietnam. First deployment of JAC technology in Vietnam, scheduled for 2028 completion.
• ANRPC (Egypt)strategicStrategic or Co-development Partner · 5 August 2025Landmark hydrogen fuel conversion at ANRPC refinery - Egypt's largest refinery, representing the region's first industrial hydrogen combustion project.
• Chevron U.S.A. Inc. New Energies CompanycoreStrategic or Co-development Partner · 8 October 2024ACES Delta project in Utah - joint venture producing green hydrogen via electrolysis using renewable energy, storing in salt caverns with over 300 GWh capacity. Designed to convert 220 MW of renewable energy into nearly 100 metric tons of green hydrogen per day.

Scale indicators15 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Baker Hughes: Baker Hughes is a broad incumbent in oil & gas field equipment, turbomachinery (compressors, mechanical drive turbines), and energy technology services, with overlapping industrial gas turbine service offerings and shared customers in oil & gas and LNG applications.
• Hitachi Energy: Hitachi Energy is the broader incumbent in power grid, transformers, and energy systems; it shares historical DNA with Mitsubishi Power (post the 2012 MHI-Hitachi thermal JV dissolution) and competes indirectly via integrated energy solutions and grid modernization offerings.

Direct peers

• Ansaldo Energia: Ansaldo Energia is a European-based direct competitor manufacturing heavy-duty gas turbines (GT36 and AE94 series), steam turbines, and generators for combined cycle plants, with strong presence in Europe, Middle East, and Africa markets where Mitsubishi Power also competes.
• MAN Energy Solutions: MAN Energy Solutions is a direct peer in large-bore gas engines, power plant turbines, and integrated power plant solutions, serving similar utility, IPP, and industrial customers in marine propulsion, district heating, and combined heat and power applications.
• Doosan Enerbility: Doosan Enerbility manufactures steam turbines, generators, and is both an EPC consortium partner and a direct competitor to Mitsubishi Power in steam turbine and combined cycle plant equipment for global utility projects.
• Solar Turbines (Caterpillar): Solar Turbines, a Caterpillar subsidiary, directly competes with Mitsubishi Power's aero-derivative and industrial gas turbine lines (FT8, FT4000, H-25) for industrial, oil & gas, and distributed power applications, particularly in midstream, mechanical drive, and remote power use cases.
• Siemens Energy: Siemens Energy directly competes with Mitsubishi Power in large-frame gas turbines (SGT-9000HL class), combined cycle plants, grid-scale energy storage, and hydrogen-ready generation technology, serving overlapping utility, IPP, and EPC consortium customers worldwide.
• Rolls-Royce Power Systems: Rolls-Royce's power systems business (MTU) directly competes in aero-derivative and industrial gas turbines, distributed power generation, and hydrogen-ready engine technology for data center, industrial, and utility backup applications overlapping with Mitsubishi Power's smaller-frame offerings.
• GE Vernova: GE Vernova is the direct competitor to Mitsubishi Power in heavy-duty gas turbines (HA-class), GTCC plants, and steam turbines, with comparable J-class-equivalent efficiency and hydrogen-co-firing programs targeting the same global utility, IPP, and hyperscaler customer base.

Emerging players

• Capstone Green Energy: Capstone Green Energy is an emerging player in microturbines and distributed generation, with partial overlap to Mitsubishi Power's aero-derivative and SOFC offerings for behind-the-meter, distributed power, and renewable-hybrid applications.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Power_MHI
• YouTubeyoutube.com/channel/UC6HWp7jzoZ8MNbqShCn1v1g
• LinkedInlinkedin.com/company/mitsubishi-hitachi-power-systems-africa

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mitsubishi Power