As its parent company secured global market share leadership for heavy-duty gas turbines last year, Mitsubishi Hitachi Power Systems Americas, Inc. (MHPS Americas) is not resting on its laurels. Since the formation of the joint venture of Mitsubishi Heavy Industries, Ltd. and Hitachi Ltd. in 2014, MHPS Americas has seen its profits grow.
“The industry is very competitive. We have strong competitors such as GE and Siemens, which have been in the market for a long time. To achieve what we have in just four years is an accomplishment we are very proud of,” MHPS Americas President and CEO Paul Browning said.
MHPS Americas gained leadership in the region because of its innovative products and customer-focused strategy. And determined to create more value for its customers, it is adopting artificial intelligence (AI) technology into its products.
“AI is a big aspect of the future of the company. The machines that we build require a lot of maintenance. By incorporating AI technology, these machines will be optimized to operate at the highest performance,” Browning said.
MHPS Americas also plans to open the world’s first autonomous power plant in 2020. It launched a new business division, Power and Energy Solutions, which will focus on developing comprehensive solutions through technology, industry partnerships and customer collaboration.
As MHPS Americas increases its market share in Latin America, the company began hiring local staff, who are trained and supported by Japanese counterparts.
“We want to stay true to our Japanese roots, but also understand the business culture of these areas. Using this structure aligns the strengths of both cultures and allows us to properly serve our customers,” Browning said.
MHPS Americas should continue to dominate the power generation market following its record-breaking profits last year and new orders expected to reach $2 billion by the end of this year.