LAKE MARY, Fla.--(BUSINESS WIRE)--Feb 12, 2019--Mitsubishi Hitachi Power Systems (MHPS) has achieved a major milestone in the global Power Generation sector, securing 2018 market share leadership in global orders for heavy duty gas turbines (100 MW and above). The result is based on data compiled by McCoy Reports, the premier reporting agency in the gas turbine market. This segment is the most closely watched by industry experts because it represents the most advanced technology and drives energy production globally.

MHPS market leadership was driven by the J-Series gas turbine and its industry-leading 64+% efficiency and 99.5% reliability. Globally, MHPS’ heavy duty turbines captured 41% global market share. For the largest gas turbines (post F-class and larger) MHPS had 49% global market share.

“Being the heavy duty gas turbine leader in this competitive market is validation of both our world-leading turbine technology and of our employees around the world who put our customer first,” said Kenji Ando, President & CEO of MHPS. “Twenty years ago, we made a bet that efficient and flexible natural gas power generation, in combination with renewables, would displace more carbon intensive and expensive forms of power generation. We are now seeing that bet play out before our eyes. We have great respect for our competitors, and this makes our accomplishment even more rewarding. I’m proud that more customers are choosing us to provide reliable and efficient power, and I’m looking forward to MHPS continuing to lead a Change in Power. ”

View source version on businesswire.com:https://www.businesswire.com/news/home/20190212005755/en/

CONTACT: David Rosenberg

+1 407-775-9035

David.Rosenberg@amer.mhps.com

KEYWORD: UNITED STATES NORTH AMERICA FLORIDA

INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY COAL OIL/GAS OTHER ENERGY MANUFACTURING ENGINEERING OTHER MANUFACTURING ENVIRONMENT

SOURCE: Mitsubishi Hitachi Power Systems Americas, Inc.

Copyright Business Wire 2019.

PUB: 02/12/2019 12:39 PM/DISC: 02/12/2019 12:39 PM

http://www.businesswire.com/news/home/20190212005755/en

Copyright Business Wire 2019.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.