Toshiba and Orix Establish New Geothermal Power Generation Company

posted in: Articles, Blog | 0

Written By: Emma Websdale

Toshiba and Orix Corporation announced today a new partnership establishing a geothermal-power company with plans to build a 2-megawatt (MW) geothermal station in central Japan. 
1465860254Increasing renewable energy use by businesses, Toshiba, a leading facility manufacturer in the geothermal-power field, and Orix, a leading integrated financial-services group, are joining together to develop a new company, Nakao Geothermal Power Generation Corporation.

The new company, 55%-owned by Toshiba and 45%-owned by Orix, aims to tap into Nakao’s geothermal resources. The region is home to many hot springs, making Nakao a prime location for harnessing geothermal energy.

Nakao Geothermal will assess the commercial viability of the area via environmental surveys and well-testing. If results from the testing confirm commercial viability, the company plans to construct a 2MW geothermal-power plant in 2015 using Toshiba’s small-power generation system (GeoportableTM), a compact geothermal-power generation system suited for locations with one or two geothermal wells.

The companies setting up Nakao Geothermal already have experience in the geothermal industry—Toshiba has supplied geothermal-power generation systems for almost half a century, and Orix owns and operates one of the largest (1.9MW) private geothermal-power generation facilities in Japan. Together, both companies plan to invest up to 2 billion yen ($20 million) in the new geothermal plant.