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Mitsubishi Heavy Industries (7011) · InitiativeRestated

High-Efficiency, Low-Carbon and Renewable Energy Technologies

First written in FY2016. 5 of 11 entries say "Restated". Latest entry: FY2026.

11entries
11years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2016 – FY2020AdvancedFY2021-Q2 – FY20222016: 120162017: 120172018: 120182019: 120192020: 220202021: 320212022: 120222023: 020232024: 020242025: 020252026: 12026
Same theme, other companies
Development and Capacity Expansion of High-Efficiency, Low-Environmental-Impact Thermal Power GenerationA theme 7 companies write about · 0 as a headwind · 13 as a tailwind

1 other company's latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026RestatedAnnual report

    「Integrated technology demonstration spanning the development of next-generation hydrogen production technologies, including water electrolysis, SOEC (high-temperature steam electrolysis) and methane pyrolysis, through power generation using hydrogen gas turbines, with a carbon-neutral society in view」

    The group continues to develop and demonstrate integrated technologies spanning hydrogen production through power generation using hydrogen gas turbines, as well as conducting R&D on high-efficiency GTCC and ammonia-fuelled gas turbines.
  2. FY2022AdvancedAnnual report

    「Through these efforts, the group aims to commercialise 100% hydrogen-only firing in small- and medium-sized gas turbines in 2025 and in large gas turbines in 2030.」

    For hydrogen gas turbines, the group presented a specific timeline for commercialising 100% hydrogen-only firing in small- and medium-sized gas turbines in 2025 and large gas turbines in 2030, based on demonstrations at the Takasago Hydrogen Park.
  3. FY2022-Q1AdvancedAnnual report

    「By succeeding to Mitsubishi Power, Ltd.'s thermal power-generation systems business and other operations, effective 1 October 2021, the Company will be able to dynamically operate the resources of both companies on an integrated basis. This will allow it to rapidly advance in parallel the decarbonization of the thermal power-generation systems promoted by Mitsubishi Power, Ltd. and the development of hydrogen and CO2 ecosystems promoted by the Company, further accelerating the energy transition that is the Group's growth engine.」

    Integration through an absorption-type company split of the Mitsubishi Power business advanced to the concrete contractual stage to operate the decarbonisation of thermal power generation systems, the hydrogen ecosystem and the CO2 ecosystem as an integrated business.
  4. FY2021AdvancedAnnual report

    「First, the group will work to improve the efficiency of existing thermal power generation facilities and reduce carbon emissions through hydrogen/ammonia co-firing. To convert GTCC facilities to hydrogen firing, Mitsubishi Power, Ltd.’s Takasago Works has established a system for conducting integrated demonstration testing through power generation, and will continue R&D toward commercialisation, including hydrogen production.」

    The R&D policy for high-efficiency power generation and the use of hydrogen and ammonia advanced to the concrete stage, with an integrated demonstration-testing system through power generation already established at Takasago Works.
  5. FY2021-Q3AchievedAnnual report

    「The transfer by MHD of its shares in MVOW and the acquisition of shares in Vestas by MHD under the share transfer agreement were completed on 14 December 2020.」

    The transfer of all shares in MVOW and the acquisition of approximately 5 million Vestas shares, equivalent to 2.5%, were completed as part of the restructuring of the company’s collaboration with Vestas in the renewable energy sector.
  6. FY2021-Q2AdvancedAnnual report

    「On 29 October 2020, the company agreed with Vestas Wind Systems A/S to restructure and strengthen their partnership in the sustainable renewable energy sector, centred on the wind power generation equipment business. As part of this, it decided to transfer all shares in MHI Vestas Offshore Wind A/S, a joint venture with Vestas focused exclusively on offshore wind power generation equipment, to Vestas, while acquiring new shares in Vestas.」

    The restructuring of the company’s collaboration with Vestas in the renewable energy sector progressed to an agreement to consolidate the development and manufacture of MVOW’s offshore wind power generation equipment with Vestas. The companies planned to exchange the MVOW shares for approximately 5 million Vestas shares, equivalent to 2.5%, with completion scheduled between the third and fourth quarters of fiscal 2020.
  7. FY2020RestatedAnnual report

    「To realise a hydrogen society, the group is developing DLN (Dry Low NOx) gas turbines capable of hydrogen-only firing through participation in NEDO projects, as well as ammonia-fuelled gas turbine combined cycles.」

    The group continues to conduct R&D on high-efficiency, low-carbon technologies, including hydrogen-only firing, ammonia-fuelled gas turbines, 1,650°C-class gas turbines and renewable energy.
  8. FY2019RestatedAnnual report

    「To realise a hydrogen society, the group is developing hydrogen co-firing gas turbines and component technologies for hydrogen-only-firing gas turbines through projects of NEDO, and ammonia-fuelled gas turbine combined cycles through the Cabinet Office-led Strategic Innovation Promotion Program (SIP).」

    The group continues to conduct R&D on high-efficiency, low-carbon energy technologies, expanding their scope to hydrogen co-firing and hydrogen-only firing and ammonia-fuelled gas turbines.
  9. FY2018RestatedAnnual report

    「Development of the ENERGY CLOUD Service, an energy solutions service that uses AI and IoT to accurately forecast and detect customers’ energy usage and equipment operating conditions」

    The group continues to conduct R&D on high-efficiency power generation, decarbonisation, renewable energy, and energy solutions services using AI and IoT.
  10. FY2017RestatedAnnual report

    「The group is conducting R&D on high-value-added products that address market needs related to energy supply, including technologies for using clean fuels such as natural gas and nuclear power and renewable energy, distributed power-generation systems and high-efficiency power-generation systems, as well as technologies supporting the expansion of its operations and maintenance services business.」

    The group continues to develop technologies for high-efficiency power generation, clean fuels, renewable energy, and operations and maintenance services.
  11. FY2016First statedAnnual report

    「The group is promoting the development of technologies aimed at ensuring a stable and efficient energy supply, conserving the environment and improving safety. It is also conducting R&D on high-value-added products that address market needs related to energy supply, including technologies for using clean fuels such as natural gas and nuclear power and renewable energy, distributed power-generation systems and high-efficiency power-generation systems.」

    The R&D topics include 1,600°C-class, 1,650°C-class and 1,700°C-class gas turbines, IGCC, fuel-cell combined-cycle power generation, offshore wind turbines and CO2 capture.
Moved together

"Structural transformation of the thermal power generation systems business" moved the same way as this thread, in the same document, in 4 of its 11 moves.

443222★123456
  1. ★This thread
  2. 1Structural transformation of the thermal power generation systems business4×
  3. 2Selectivity in Asset Holdings and Asset Management4×
  4. 3Independent management and enhanced profitability of the core joint venture3×
  5. 4Strengthening Competitiveness in Global Markets and Sustainable Growth2×
  6. 5Improving Cash Efficiency through the Cash Conversion Cycle2×
  7. 6Risks from Natural Disasters, Accidents and BCPs2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Mitsubishi Heavy Industries's next results are scheduled for 2026-11-06. Read the earnings preview
News
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