The companies will reportedly concentrate on improving product development lead times, efficiency, technical design, material standardization and life cycle costs.
Mitsubishi Electric will produce 765 kV transformers for use in ITC’s Green Power Express project, a 3,000-mile long network of transmission lines that will move renewable energy from remote areas in the Upper Midwest to major Midwest and East Coast population centers.
In addition, ITC and Mitsubishi Electric Power Products have agreed to work jointly on development of a 765 kV circuit breaker that will go into production by 2011 at Mitsubishi Electric Power Products.
Jon Jipping, executive vice president and chief operating officer of ITC , said: ITC has had a successful relationship with Mitsubishi Electric Corporation and Mitsubishi Electric Power Products for over five years and is pleased with this opportunity to extend the partnership as ITC continues to grow. This alliance will enable us to advance development of the Green Power Express by ensuring access to high-quality, highly reliable 765 kV equipment while providing Mitsubishi Electric Corporation with impetus to manufacture some of this equipment in the United States.
Brian Heery, president and chief operating officer of Mitsubishi electric power products, said: Mitsubishi Electric Power Products and Mitsubishi Electric Corporation have experienced a successful relationship with ITC over the past five years supplying many sulfur hexafluoride power circuit breakers and gas insulated substations (GIS). We are excited to extend this relationship to power transformers.
