TEPCO and Curtiss-Wright Form Strategic Alliance to Boost Efficiency of Thermal Power Plants
07 Febbraio 2018 - 10:00AM
JCN Newswire (English)
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."
Attachment
Collaboration between TEPCO HD and Curtiss-Wright
www.tepco.co.jp/en/press/corp-com/release/betu18_e/images/180207e0201.pdf
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.
About TEPCO
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
http://www.tepco.co.jp/en/corpinfo/index-e.html
Press release:
http://www.tepco.co.jp/en/press/corp-com/release/2018/1476023_15409.html
Source: TEPCO
Copyright 2018 JCN Newswire . All rights reserved.