Article: GE Energy and Mitsubishi Heavy Industries Sign Final Agreements to Co-Develop World's Most Advanced New Steam Turbine for Combined-Cycle Power Plants.(Company overview)

GE Energy and Mitsubishi Heavy Industries, Ltd. (MHI) have signed final agreements to co-develop a "next generation" steam turbine for use in gas turbine combined-cycle power plants. The co-development effort will focus on the design of a new, advanced steam turbine, leaving each of the parties to separately manufacture and sell the co-developed steam turbine in support of its natural gas-fired, combined-cycle power generation products.

GE Energy and MHI first announced a memorandum of understanding for combined-cycle steam turbine co-development in January 2009. Development of a new, advanced steam turbine is viewed by both companies as a key step in meeting ...

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