IHI will participate in the biomass generation business in the U.S. The company acquired stocks of five power generation plants in California owned by Exelon of the U.S. Taking the opportunity of the investment, it wishes to expand its energy-related business in the U.S. The five power plants are three plants that utilize wood waste and two coal thermal power plants.
Total investment is estimated at several billions yen. IHI plans to convert the two coal thermal plants into biomass generation plants in the future. IHI has been shipping core equipment including boiler to power plants in the U.S., but will participate in the management of power plants for the first time. With the favorable treatment given to generation facilities that use renewable energy, it is highly expected that construction and renewal of biomass generation facilities will grow in the U.S.
A biomass power plant surrounded by woods in the Kanto district