Mitsubishi Hitachi Power Systems Americas (MHPS) has formed a new power and energy solutions company and has appointed 25-year industry veteran Tom Cornell to head the venture.
The new business, which will be headquartered in Lake Mary, Florida, will focus on digital power, energy storage and low-carbon power generation, according to a press release from MHPS.
“As our existing power generation business continues to grow and capture market share throughout the Americas, MHPS is excited to announce this new investment in innovative technologies, new business models, digital tools, and customer partnerships to deliver solutions that take the cost and the carbon out of the entire generation, delivery, and consumption value chain of the power industry,” MHPS Americas president and CEO Paul Browning said in a statement.
“Tom has deep roots in the power industry and will lead a team of A-players to ensure that we’re collaborating with our customers as they negotiate the Change in Power that is underway in our industry."
The newly formed company will also look to gain partnerships in the fields of academia, technology providers on new products such as improving energy efficiency with artificial intelligence and new generation battery storage technology, according to MHPS.
“The Power & Energy Solutions business will focus on innovation through customer collaboration, to present solutions to some of the most significant challenges that our industry is tackling today," Cornell said in the news release.
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