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 ©2018 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.
Related Press Release
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
Free Electrons: American Electric Power Joins Global Energy Startup Accelerator
February 27 2018 09:00 JST
TEPCO's Chief Announces Plans for Global Expansion, Renewable Energy
February 26 2018 14:00 JST
Extended Application Period for Second Edition of Free Electrons Global Startup Acceleration Program
February 08 2018 10:00 JST
More Press release >>
Latest Press Release
Le Mans Winners TOYOTA GAZOO Racing Back in Action
Aug 14, 2018 09:08 JST
Toyota Yaris WRC Returns to Asphalt Roads in Germany
Aug 10, 2018 17:49 JST
Fujitsu Triples the Output Power of Gallium-Nitride Transistors
Aug 10, 2018 13:49 JST
Toyota Kicks-off Fifth Leg of '5 Continents Drive' to learn from African roads with goal of making 'Ever-better Cars'
Aug 09, 2018 19:36 JST
MHPS to Participate in Vietnam's Nghi Son-2 Thermal Power Project
Aug 09, 2018 13:09 JST
Showa Denko Announces 2Q 2018 Consolidated Financial Results
Aug 08, 2018 15:00 JST
Showa Denko Announces 1H 2018 Forecast and Results, Revises FY2018 Forecast
Aug 08, 2018 15:00 JST
MHPS Continues Global Turbine Leadership
Aug 08, 2018 14:28 JST
Mitsubishi Motors Increases the Production of XPANDER
Aug 08, 2018 12:50 JST
Mazda, Saudi Aramco and AIST Begin Joint Research Project
Aug 08, 2018 12:06 JST
Mitsubishi Corporation to Acquire Major Share of Food Manufacturer Gourmet Delica
Aug 07, 2018 15:47 JST
MHPS' Unit 2 of the "Jawa-2" Natural-gas-fired Power Plant Goes into Operation
Aug 07, 2018 11:46 JST
Toyota Commemorates Induction of Kiichiro Toyoda into Automotive Hall of Fame in U.S.
Aug 06, 2018 15:11 JST
BaseLayer launches 'Japan Branch Support Service' (JBSS) - using Blockchain to Promote Global Projects in Japan
Aug 06, 2018 15:00 JST
MHPS Beats Original Estimates for Upgrading the H-100 Gas Turbine by 24 Days
Aug 06, 2018 11:33 JST
NEC's Transfer of Lithium Ion Battery Business
Aug 03, 2018 17:18 JST
Mitsubishi Motors Opens New Training Center in Vietnam
Aug 03, 2018 15:59 JST
'SORACOM with KDDI', Partnering with KDDI Overseas to Advance IoT Business Worldwide
Aug 03, 2018 14:00 JST
MHI: Indian Diesel Engine Sales and Manufacturing Company MVDE Reaches Cumulative Production Total of 100,000 Units
Aug 02, 2018 17:10 JST
NEC: Northgate Public Services Acquires i2N Ltd to Expand its Justice Offering
Aug 02, 2018 11:04 JST
More Latest Release >>