UK energy company Scottish and Southern Energy (SSE) has signed a strategic agreement with Mitsubishi (Mitsubishi Heavy Industries and Mitsubishi Power Systems Europe) to co-operate on low carbon energy developments.
According to the agreement, the companies will explore a range of technologies including offshore wind farms, advanced technology for smart electricity grids and low carbon vehicles, carbon capture and storage and high-efficiency power generation.
SSE and Mitsubishi are working together to become strategic partners in low carbon electricity production and management and in low carbon transport technology. They hope to establish joint development projects, ventures, investments and supply arrangements through this agreement.
SSE established a Center of Engineering Excellence in Renewable Energy in partnership with the University of Strathclyde in 2009, with over 300 professional jobs to be created by SSE over three years.
Subject to the progress of the agreement, SSE and Mitsubishi intend to focus on, in the first instance, the delivery of renewable energy from offshore sites and the deployment of low carbon vehicles.
Colin Hood, chief operating officer of SSE, said: "This agreement represents one of the most significant industrial partnerships to be established in Scotland since the heyday of North Sea oil - and low carbon energy represents Scotland's biggest economic opportunity since then.
"As the UK's broadest-based energy company, SSE has extensive interests and opportunities in low carbon developments, and our partnership with Mitsubishi should help us to make the most of them."