ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
Feb 07, 2018 18:00 JST
Source:
TEPCO
TEPCO and Curtiss-Wright Form Strategic Alliance to Boost Efficiency of Thermal Power Plants
Deal includes exclusive sale rights in Asia, Mid-East for software used to manage plant efficiency
TOKYO, Feb 07, 2018 - (JCN Newswire) - Tokyo Electric Power Company Holdings, Inc. and Curtiss-Wright Corporation have created a strategic alliance designed to boost the efficiency of thermal power plants, an important element in the fight against climate change.
As part of the alliance, TEPCO will supply Curtiss-Wright's industry-leading thermal performance optimization software to power plants in East Asia, Southeast Asia, South Asia, and the Middle East. The deal marks the first time that TEPCO has agreed to obtain exclusive sales rights for software to power plants. It is also the first time that Curtiss-Wright, a world leader in hardware and software for power plant management, has executed an exclusive sales agreement with an electric operator for its proprietary software.
The alliance extends to two Curtiss-Wright software products, known as PMAX and PEPSE, already in use in more than 500 locations worldwide. The two companies expect that TEPCO's expertise in power station management will add value for software licensees. In addition to acquiring a new revenue stream, TEPCO will be able to enhance the efficiency of thermal power stations across Asia, which is an important public policy goal.
Curtiss-Wright anticipates that TEPCO's strong Asian presence and power generation expertise will enhance its sales and marketing activities in Asia, as well as its ability to support electric companies as customers. By having Curtiss-Wright's software used at thermal power stations operated by the TEPCO Group, and having close interaction between engineers from both companies through intercompany human resource exchange programs, Curtiss-Wright will be able to improve the technical skill of TEPCO Group engineers and develop products and services that better meet the needs of electric operators in Asia.
Kurt Mitchell, Vice President and General Manager of Curtiss-Wright's Nuclear division said, "Curtiss-Wright views this partnership with TEPCO as a critical step towards optimizing thermal power generation performance in the Asia Pacific region by combining our industry leading software technology with TEPCO's world renowned operations excellence and vision for IoT implementation."
Shin-ichiro Kengaku, Managing Executive Officer and Chief of the Global Innovation & Investments at TEPCO, commented, "We believe this new alliance with one of the world's foremost power plant management companies illustrates the commitment TEPCO has made to bringing innovation and fresh thinking to an evolving marketplace, while helping the environment at the same time."
Attachment
Collaboration between TEPCO HD and Curtiss-Wright
www.tepco.co.jp/en/press/corp-com/release/betu18_e/images/180207e0201.pdf
About Curtiss-Wright Corp.
Curtiss-Wright Corporation (NYSE:CW) is a global innovative company that delivers highly engineered, critical function products and services to the commercial, industrial, defense and energy markets. Building on the heritage of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of providing reliable solutions through trusted customer relationships. The company employs approximately 8,000 people worldwide. For more information, visit www.curtisswright.com.
About TEPCO
Tokyo Electric Power Company Holdings, Inc. (TSE: 9501), headquartered in Tokyo, Japan, is the largest utility in Japan, serving millions of homes and businesses. Worldwide the company has more than 34 subsidiaries and 32 affiliates in eight countries and employs approximately 42,060 people. Consolidated revenue for the fiscal year ending March 31, 2017, totaled 5.3 trillion Japanese yen. The company was established in 1951 and is listed on the First Section of the Tokyo Stock Exchange. For more information, visit
http://www.tepco.co.jp/en/corpinfo/index-e.html
Press release:
http://www.tepco.co.jp/en/press/corp-com/release/2018/1476023_15409.html
Source: TEPCO
Sectors: Energy, Alternatives, Alternative Energy
Copyright ©2024 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Latest Release
Mitsubishi Motors Cumulative Production Reaches One Million Units in Indonesia
Dec 20, 2024 17:35 JST
Contract Renewed on Operation and Maintenance (O&M) Services for APM System at Washington Dulles International Airport
Dec 20, 2024 17:24 JST
Toyota Launches Alphard and Vellfire PHEV Models in Japan
Dec 20, 2024 15:38 JST
6G Begins! Embarking on a New Journey of Global Interoperable Standards
Dec 19, 2024 16:50 JST
MI LNG Company to Change Corporate Name to MILES
Dec 19, 2024 13:49 JST
Two Honda 0 Series Prototype Models to Premiere at CES 2025
Dec 19, 2024 12:30 JST
Honda Presents World Premiere of Honda S+ Shift, Next-generation e:HEV Technology
Dec 19, 2024 12:13 JST
NEC Completes new Asia Pacific submarine cable
Dec 19, 2024 12:02 JST
Enablement of JCB Contactless Payment at All NJ TRANSIT Contactless Bus and Light Rail Validators in New Jersey, New York, and Pennsylvania
Dec 19, 2024 12:00 JST
Honda Presents Next-generation e:HEV Technologies at Press Briefing on Honda e:HEV Business and Technology
Dec 18, 2024 17:50 JST
MHI Appoints CTO Eisaku Ito as Next President & CEO, Announces Changes in Board and Executive-level Personnel
Dec 18, 2024 17:38 JST
Honda to Utilize Existing Powertrain Unit Factory to Establish New Production Plant for Next-generation Fuel Cell System in Japan
Dec 18, 2024 17:22 JST
NEC Receives Telecom Review's Global Excellence Award for Innovative Telecom B2B/ Enterprise Network Solutions
Dec 18, 2024 17:12 JST
Japan's Telecommunications Carriers Join Forces to Strengthen Disaster Response
Dec 18, 2024 16:11 JST
Toyota's Fuel Cell and Water Electrolysis System Production Plan Certified as a METI Support Program for Building GX Supply Chains
Dec 18, 2024 13:51 JST
DENSO and onsemi Collaborate for a Strengthened Relationship
Dec 17, 2024 14:26 JST
Asian Financial Forum returns as Region's First Major International Financial Assembly in 2025
Dec 17, 2024 13:44 JST
Fujitsu recognized as Leader in IDC MarketScape: Worldwide Digital Workplace Services 2024 Vendor Assessment
Dec 16, 2024 10:20 JST
MHI Group Issues its "SUSTAINABILITY DATABOOK 2024"
Dec 13, 2024 16:31 JST
Notification of Dissolution of Joint Management of LT Metal Co., Ltd. by TANAKA Kikinzoku Kogyo K.K. and LT Corp.
Dec 13, 2024 04:00 JST
More Latest Release >>
Related Release
Cleantech Group Names TRENDE Inc. a 2020 APAC 25 Company
9/16/2020 8:00:00 PM JST
TRENDE Secures Series B Funding, While Establishing Strategic Partnership with ITOCHU
6/18/2020 11:00:00 AM JST
Eurus Energy, MORGENROT and WOODMAN announce Cloud-based CG Rendering Services using Renewable Clean Energy
8/1/2019 3:00:00 PM JST
TRENDE, Toyota and UTokyo Experiment with Next-generation Electricity System
5/28/2019 7:00:00 PM JST
Implementation of Demonstration to Prove the Feasibility of V2G Aggregators
3/1/2019 8:00:00 PM JST
TEPCO to Participate in Coc San Hydropower Plant in Vietnam
11/9/2018 11:00:00 AM JST
TRENDE Announces Formation of Advisory Board
10/1/2018 3:00:00 PM JST
TRENDE Raises JPY 730 Million in Series A Funding
9/26/2018 12:00:00 PM JST
TEPCO Group, Zenrin and Rakuten examining Drone Highways for Drone Logistics
7/12/2018 7:00:00 PM JST
Free Electrons: 28 Pilots Already Launched between Startups and Utilities
7/11/2018 6:00:00 PM JST
More Press release >>