MHI

J-POWER USA’s Jackson Generation Project Achieves Commercial Operation with the First Mitsubishi Power M501JAC Gas Turbines Manufactured in North America

Retrieved on: 
Tuesday, May 24, 2022
Environment, Construction & Property, Urban Planning, Utilities, Oil, Gas, Coal, Alternative Energy, Energy, Nuclear, Senior, Charter, Power, Anomaly, Engineering, Jackson Generals, Multimedia, Electricity, MHI, Solution, JAC, Transport, Mining, Trust, Steam, Efficiency, Carbon, EPC, Credit, Time, Safety, Maintenance, Mitsubishi Power Systems Europe, LinkedIn, Intelligence, Solar energy, PJM, Mitsubishi Heavy Industries, CEO, Renewable energy, Kiewit

J-POWER USA Development Co. Ltd. (J-POWER USA) has achieved commercial operation with the first two Mitsubishi Power M501JAC gas turbines manufactured in North America at its Jackson Generation Project, a 1,200 megawatt (MW) combined-cycle power plant in Elwood, Illinois.

Key Points: 
  • J-POWER USA Development Co. Ltd. (J-POWER USA) has achieved commercial operation with the first two Mitsubishi Power M501JAC gas turbines manufactured in North America at its Jackson Generation Project, a 1,200 megawatt (MW) combined-cycle power plant in Elwood, Illinois.
  • View the full release here: https://www.businesswire.com/news/home/20220523006029/en/
    The first two Mitsubishi Power M501JAC gas turbines manufactured in North America have reached commercial operation at J-POWER USAs Jackson Generation Project, a 1,200 MW combined-cycle power plant in Elwood, Illinois.
  • Mitsubishi Power Americas, Inc. (Mitsubishi Power) headquartered in Lake Mary, Florida, employs more than 2,300 power generation, energy storage, and digital solutions experts and professionals.
  • Mitsubishi Powers power generation solutions include gas, steam, and aero-derivative turbines; power trains and power islands; geothermal systems; PV solar project development; environmental controls; and services.

MHI-MS Introduces the New "MC" Flexo Folder Gluer: The Latest Innovation from the World's Leading Industrial Firm

Retrieved on: 
Wednesday, May 18, 2022
MHI, Carbon, Quality of life, Plant, Printing, Mitsubishi Heavy Industries, EVOL, Technology, Cassette tape

The "MC" has been developed to deliver superior Japanese quality to a broader range of customers.

Key Points: 
  • The "MC" has been developed to deliver superior Japanese quality to a broader range of customers.
  • Succeeding the performance of EVOL, a flagship machine with nearly 600 sold worldwide, the "MC" achieves a shorter total length by integrating a newly designed printing unit.
  • Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense.
  • For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.

"Funds from the Heart" fundraiser, in collaboration with IGA, raises $210,000 for cardiovascular health

Retrieved on: 
Tuesday, May 17, 2022
AIR, Death, Risk, CEO, Population, Montreal Heart Institute Foundation, Montreal, Health, Foundation, Patient, Pavillon, MHI, Education, Supermarket, Institute, Research, Technology, Montreal Heart Institute, IGA, Cardiovascular disease, Cardiology, GLOBE, Pharmaceutical industry, Grocery store, Dietary supplement

This symbolic gesture was aimed at encouraging Quebecers to adopt healthy eating habits and promote good cardiovascular health.

Key Points: 
  • This symbolic gesture was aimed at encouraging Quebecers to adopt healthy eating habits and promote good cardiovascular health.
  • Since 1983, this campaign has raised over $9million for cardiovascular health.
  • Once again, merchants and their customers have come together to support the cause of cardiovascular health, said Alain Gignac, President and CEO of the MHIF.
  • Its philanthropic events and donors contributions have enabled this leader in cardiovascular health to become the largest cardiac research centre in the country.

Alba Signs Agreement with Mitsubishi Power & SEPCOIII as EPC Contractor for Block 4 in Power Station 5

Retrieved on: 
Tuesday, May 17, 2022
Zero, ESG, Goal, Mitsubishi Power Systems Europe, MHI, Solution, Quality of life, JAC, GHG, Energy transition, Efficiency, CPO, EMEA, Carbon, Board, Technology, Safety, Energy, Kingdom, Greenhouse gas, Fellow, J series, Power Station, Mitsubishi Heavy Industries, CEO, Aluminium, Renewable energy

(Alba), the world's largest aluminium smelter ex-China, to expand Power Station 5 at Alba, adding a new 680.9 megawatts (MW) Combined Cycle Gas Turbine Power Block.

Key Points: 
  • (Alba), the world's largest aluminium smelter ex-China, to expand Power Station 5 at Alba, adding a new 680.9 megawatts (MW) Combined Cycle Gas Turbine Power Block.
  • Under the terms of the contract, Mitsubishi Power & SEPCOIII consortium will be responsible to design, engineer, procure, construct and commission a 680.9 megawatts (MW) Combined Cycle Gas Turbine Power Block.
  • Mitsubishi Power will supply a combined cycle power unit, which comprises of M701JAC gas turbine, an air-cooled version of J-series gas turbines and a steam turbine.
  • SEPCOIII Vice President, Mr. Kong Lingfeng said: "We are delighted to work with Alba on the landmark Alba Power Station 5 Block 4 project with our partners Mitsubishi Power.

Mitsubishi Shipbuilding and NYK Line Obtain Approval in Principle (AiP) from Classification Society ClassNK for Large LCO2 Carrier

Retrieved on: 
Monday, May 16, 2022
Nippon Yusen, Carbon cycle, Knowledge, NYK, Mitsubishi, AIP, Goal, MHI, Quality of life, Carbon, NK, Pressure, Commitment, Compliance, Safety, Nippon Kaiji Kyokai, Temperature, CO2, Mitsubishi Heavy Industries, Classification, Shipbuilding

LCO2 carriers transport liquefied CO2 at low temperature and high pressure, which is contained in the cargo tank system.

Key Points: 
  • LCO2 carriers transport liquefied CO2 at low temperature and high pressure, which is contained in the cargo tank system.
  • MHI Group is strategically working to strengthen the energy transition business, and Mitsubishi Shipbuilding is promoting the development and commercialization of LCO2 carriers.
  • MHI believes that the grant of the AiP for a large LCO2 carrier will make a significant contribution to the realization of this strategy.
  • NYK Line believes that the establishment of CO2 transport technology by large vessels will greatly contribute to the realization of a carbon-neutral society.

Mitsubishi Heavy Industries Achieves Record-Breaking Cash Flow in FY2021 and Plans Increased Dividends

Retrieved on: 
Thursday, May 12, 2022
Carbon neutrality, Plant, Investment, MHI, Health, Quality of life, JAC, Quattro (four-wheel-drive system), Defense, Journal of Infrastructure Systems, TSE, Boeing Defense, Space & Security, Board, Energy, GTCC, Biomass, Mitsubishi Heavy Industries, Achievement, Renewable energy, EBITDA, Logistics

EBITDA was ¥292.4 billion, a 51.3% increase from FY2020, with an EBITDA margin of 7.6%, up 2.4 percentage points year-over-year.

Key Points: 
  • EBITDA was ¥292.4 billion, a 51.3% increase from FY2020, with an EBITDA margin of 7.6%, up 2.4 percentage points year-over-year.
  • Free cash flow was ¥301.8 billion, a company record high and an increase of ¥579 billion year-over-year.
  • “We made improvements in all major financial indicators while achieving record-breaking free cash flow and increasing shareholder returns.
  • Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense.

Mitsubishi Heavy Industries Achieves Record-Breaking Cash Flow in FY2021 and Plans Increased Dividends

Retrieved on: 
Thursday, May 12, 2022
Aerospace, Technology, Manufacturing, Professional Services, Nuclear, Satellite, Oil, Gas, Other Professional Services, Energy, Engineering, Hardware, Carbon neutrality, Plant, Investment, MHI, JAC, Quattro (four-wheel-drive system), Defense, Journal of Infrastructure Systems, Boeing Defense, Space & Security, Energy, GTCC, Biomass, Achievement, Renewable energy, Logistics

Nuclear Power (Energy Systems) continues to show strong performance, with revenue growing steadily over the past five years.

Key Points: 
  • Nuclear Power (Energy Systems) continues to show strong performance, with revenue growing steadily over the past five years.
  • Another notable achievement was the recovery of revenue in the Logistics, Thermal & Drive Systems segment to pre-COVID (FY2019) levels.
  • MHI will experience a year-over-year decrease in free cash flow as it continues to make necessary investments in Carbon Neutrality as a part of its MISSION NET ZERO initiative.
  • However, this is well within the range of normal business operations, and profitability remains strong, as evidenced by a projected double-digit increase in EBITDA year-over-year.

MHIENG Establishes Branch Office in Canada Focused on Decarbonization Business

Retrieved on: 
Wednesday, May 11, 2022
Carbon, Energy Transitions Commission, MHI, Ecosystem, Utilization, Mitsubishi Heavy Industries, Energy transition, CO2, Engineering, Quality of life, Transport, Renewable energy, Oil

Establishment of the new branch office is part of MHI Group's energy transition program integrating its comprehensive expertise in carbon capture.

Key Points: 
  • Establishment of the new branch office is part of MHI Group's energy transition program integrating its comprehensive expertise in carbon capture.
  • Canada is highly proactive in pursuing environmental protection and is a promising market for Carbon dioxide Capture, Utilization and Storage (CCUS) advancement.
  • MHIENG's new branch office in Canada will further enable MHI Group to respond swiftly to local market trends and customer needs.
  • MHI Group also bolsters the sales capabilities of the other regional departments that are in charge of advancing the decarbonization business in the US (MHIA) and Europe (Decarbonization Business Department, MHI-EMEA, established July 2021).

Dream Finders Announces First Quarter 2022 Results

Retrieved on: 
Tuesday, May 10, 2022
Company, COVID-19, DFH, MHI, EPS, CEO, ASP, Growth, Acquisition, NASDAQ, GLOBE, Dream, Video game, Liquor, Online gambling

JACKSONVILLE, Fla., May 10, 2022 (GLOBE NEWSWIRE) -- Dream Finders Homes, Inc. (the “Company”, “Dream Finders” or “DFH”) (NASDAQ: DFH), one of the nation’s fastest-growing companies, announced its financial results for the first quarter ended March 31, 2022.

Key Points: 
  • Backlog of Sold Homes Increases to 7,413 Homes, Valued at $3.4 Billion
    JACKSONVILLE, Fla., May 10, 2022 (GLOBE NEWSWIRE) -- Dream Finders Homes, Inc. (the Company, Dream Finders or DFH) (NASDAQ: DFH), one of the nations fastest-growing companies, announced its financial results for the first quarter ended March 31, 2022.
  • Homebuilding revenues for the first quarter 2022 increased 93.6% to $662.5 million, compared to $342.2 million in the year-ago quarter.
  • Average sales price (ASP) of homes closed for the first quarter 2022 was $470,218, compared to $335,986 in the year-ago quarter.
  • Homebuilding gross margin percentage in the first quarter 2022 improved 380 basis points to 18.7%, compared to 14.9% in the year-ago quarter.

Nationwide Homes to Participate in May 10th Grand Opening of Martinsville’s Award-Winning Five Points Neighborhood

Retrieved on: 
Thursday, May 5, 2022
Media contacts database, Five Points, Housing insecurity in the United States, MHI, Employment, Nasdaq, GLOBE, Company, Tax, Time, COVID, USDA Rural Development, Industry, City, Manufactured housing, Golden Joystick Awards, Housing, Economic development, Interview, GPS, Foundation, Video game, Property management, Nationwide, Virginia Housing Development Authority

Nationwide Homes partnered with a diverse list of local, state and national organizations to build the Five Points neighborhood.

Key Points: 
  • Nationwide Homes partnered with a diverse list of local, state and national organizations to build the Five Points neighborhood.
  • The Five Points project comprises homes designed to be starting points to help alleviate housing challenges that many families face.
  • What: Grand Opening Five Points Neighborhood (Martinsville, Virginia)
    Where: 601 W. Church St., Martinsville, Virginia 24112 (if using GPS, 619 W. Church St., Martinsville, Virginia 24112)
    Who: Management from Nationwide Homes and their partners will attend.
  • @NationwideHms, a @cavcoindustries brand, to participate in May 10th #grandopening for Martinsvilles award-winning Five Points Neighborhood #manufacturedhousing #construction #manufacturing #Cavco #jobs #hiring; #employment.