CONNECT WITH US:
Feb, 07 2018 18:00 JST
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."
Collaboration between TEPCO HD and Curtiss-Wright
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.
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
Sectors: Energy, Alt. Energy
Copyright ©2019 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Related Press Release
TEPCO to Participate in Coc San Hydropower Plant in Vietnam
November 09 2018 10:00 JST
TRENDE Announces Formation of Advisory Board
October 01 2018 14:00 JST
TRENDE Raises JPY 730 Million in Series A Funding
September 26 2018 11:00 JST
TEPCO Group, Zenrin and Rakuten examining Drone Highways for Drone Logistics
July 12 2018 18:00 JST
Free Electrons: 28 Pilots Already Launched between Startups and Utilities
July 11 2018 17:00 JST
TEPCO Establishes Subsidiary to Turn New Businesses into Venture Companies
June 27 2018 17:00 JST
TEPCO and Pocket Queries to Collaborate on Mixed-reality Solution for Industrial Workplaces
May 17 2018 13:00 JST
TEPCO and NTT Join Forces in TNcross Joint Venture
April 23 2018 17:00 JST
TEPCO Establishes New Online Renewable Electricity Retail Startup, 'TRENDE'
March 30 2018 15:00 JST
Free Electrons selects 2018 Cohort of 30 Startups
March 27 2018 16:00 JST
More Press release >>
Latest Press Release
OKI and ARC Innovation Center at Sheba Join Forces to Prevent Dementia
Jan 16, 2019 20:00 JST
NEC Provides Face Recognition Demo System Utilizing MEC to DOCOMO 5G Open Lab OKINAWA
Jan 16, 2019 15:12 JST
Fujitsu and EXest Use AI to Assist Tourists Visiting Japan
Jan 16, 2019 10:14 JST
Hitachi Wins 600 EMU Train Cars for Intercity Express Service from the Taiwan Railways Administration
Jan 15, 2019 17:34 JST
Eisai to Present Results of Post-Hoc Analyses of Lenvima (Lenvatinib) Phase III Reflect Study in Hepatocellular Carcinoma at 2019 Gastrointestinal Cancers Symposium
Jan 15, 2019 14:31 JST
SDK Group Develops Ultralight Laminate-type Radiator for EV Battery Modules
Jan 15, 2019 14:30 JST
Eisai's New Drug Application for Insomnia Disorder Treatment Lemborexant Submitted in the United States
Jan 15, 2019 14:23 JST
Fujitsu and TC3 Promote Quantum Inspired Digital Annealer Next-Generation Architecture in Topcoder Contest
Jan 15, 2019 11:10 JST
Toyota Premieres New Supra at Detroit Auto Show
Jan 15, 2019 08:03 JST
2020 Lexus RC F and RC F Track Edition Debut in Detroit
Jan 14, 2019 14:10 JST
NEC Contributes to Ultra-High-Definition Live Video Transmission Test Utilizing 5G Conducted by NTT DOCOMO and TOBU RAILWAY
Jan 14, 2019 09:31 JST
TOYOTA GAZOO Racing World Rally Team Launches 2019 Challenge at the Autosport International Show
Jan 14, 2019 09:15 JST
Lexus LC Convertible concept Makes World Debut in Detroit
Jan 11, 2019 19:26 JST
Mitsubishi Shipbuilding Holds Christening Ceremony for Next-Generation LNG Carrier "NOHSHU MARU"
Jan 11, 2019 13:08 JST
Mazda Develops World's First Cold-Stamped Parts Using 1,310 MPa-Class High-Strength Steel
Jan 10, 2019 13:16 JST
MHIET: Two MGS Diesel Generator Sets Delivered for Hotel in Shanghai
Jan 10, 2019 11:52 JST
Mazda MX-5 Miata 30th Anniversary Edition to Premiere at Chicago Auto Show
Jan 09, 2019 12:24 JST
Hitachi Automotive Systems Develops Technology for On-board Stereo Cameras
Jan 08, 2019 14:29 JST
MHI President Miyanaga's 2019 New Year Message
Jan 08, 2019 14:20 JST
MHPS President Ando Delivers New Year's Message to Employees for 2019
Jan 08, 2019 14:10 JST
More Latest Release >>