Entergy, an integrated energy company engaged in electric power production, transmission and distribution operations, and Mitsubishi Heavy Industries (MHI) Group companies, including Mitsubishi Heavy Industries America (MHIA) and Mitsubishi Power Americas, have signed a memorandum of understanding (MOU), aiming to develop a roadmap in the near term for a 50% reduction in overall costs. This MOU supports Entergy’s customers’ goals of having reliable, affordable, and low-carbon energy. The CCS projects will benefit Entergy’s power generation sites.

The MOU also positions the companies among the industry’s early leaders in the deployment and commercialization of integrated GTCC and CCS technology. Together, Entergy and MHI Group will utilize their respective expertise with the goal of advancing the adoption of CCS to help decarbonize energy with the added benefit of reducing associated long-term costs for the broader energy industry.