Receives 2,054 Megawatts of New Unit Orders in the Americas in 1Q19
LAKE MARY, Fla.–(BUSINESS WIRE)–Mitsubishi Hitachi Power Systems (MHPS) Americas today announced record
financial results in the 2018 fiscal year, which ended on March 31,
2019. MHPS Americas financial results contributed to Mitsubishi Heavy
Industries’ quarterly earnings, which were released yesterday. MHPS
Americas set company records for orders, revenue, operating profit and
free cash flow. The company also had its best execution year ever,
achieving 100% on-time delivery for gas turbines, record quality
metrics, and record safety performance.
“Our record financial results were due to the incredible execution of
our supply chain, manufacturing, project execution, and service teams
across our various business units,” said Paul Browning, President and
CEO of MHPS Americas. “Increasingly, customers in the Americas are
realizing that MHPS delivers superior technology, superior reliability,
and superior execution, all of which lead to better outcomes for our
customers in North and South America.”
MHPS Americas new unit orders in the first quarter of the 2019 calendar
year were led by two M501JAC orders in Mexico, and two M501JAC orders in
the US, making the JAC the fastest growing gas turbine fleet in the
Americas. MHPS Americas also booked one order for a peaking M501GAC for
the US, and one FT4000® in the US, bringing the total bookings to 2,054
megawatts of output.
MHPS’ rapid climb in the Americas has been propelled by the
industry-leading 64+% efficient and 99.5% reliable J-Series gas turbine.
After installing the first J-Series in the Americas in 2017, MHPS
installed 11 new J-Series gas turbines in the Americas in 2018.
“After MHPS achieved #1 global market share in 2018 for heavy duty gas
turbines, we’ve set a goal to do the same in the Americas in 2019. We
knew this was possible because our J-Series gas turbine has the best
performance and the best reliability in our industry,” added Browning.
“I’d like to thank our customers for the confidence they’ve shown in us,
as well as our employees, and their dedication to operational excellence
in everything we do. Together, we are achieving a Change in Power.”
About Mitsubishi Hitachi Power Systems Americas, Inc.
Headquartered in Lake Mary, FL, MHPS Americas employs more than 2,000
people who design, build, install, monitor and service natural gas,
steam and geothermal power technologies, environmental control systems
and distributed renewable power solutions throughout North and South
America. MHPS Americas is a subsidiary of Mitsubishi Hitachi Power
Systems, a joint venture between Mitsubishi Heavy Industries, Ltd. and
Hitachi, Ltd. integrating their operations in power generation systems.
MHPS is the world’s market share leader in Heavy Duty Gas Turbines and
is leading the development of the digital power plant of the future
through its digital solutions, MHPS-TOMONI™, providing real-time
adaptive control and actionable knowledge to optimize power plant
performance and significantly improve reliability. MHPS has an extensive
network of manufacturing, service, remote monitoring and O&M support
facilities located throughout the World.
Learn more about MHPS’ Changes in Power by visiting www.changeinpower.com.
Contacts
Sharon Prater
+1 407-688-6200
[email protected]
