According to the press release, Mitsubishi Electric Corporation (TOKYO:6503) stated today that it agreed to a shareholding contract on February 16 to purchase Scibreak AB. Scibreak is a Swedish firm that explicitly makes power circuit breakers (DCCBs).
By closely collaborating on the development of DCCB innovations for high-voltage direct current (HVDC) system’s help the expanding global use of renewable energy, the two companies hope to increase the profitability of their combined business.
In order to reach carbon neutrality, energy sources, including wind power, are becoming more prevalent. HVDC is utilized for long-distance distribution between offshore and onshore transmission networks, notably in marine wind power generation, as it provides reduced power losses and costs as contrasted to the traditional transmission system.
Upcoming multi-terminal HVDC systems are anticipated to emerge, especially for Europe’s marine wind energy production, enabling effective cross-border efficient heat transfer. DCCBs are a necessary component for such networks and they are crucial in defending the power grid from failure and surge.
Companies are accelerating technology innovation in response to the demand for even more small, high-performance, and premium DCCBs because HVDC breakers will still need very quick operation times, on the scale of a few milliseconds.
In terms of service life and footprint, Scibreak has DCCB technology that is at the top of the market.
Mitsubishi Electric will use Scibreak’s technology and expertise to dominate the market commercialization of DCCBs through the purchase of shares, expanding its worldwide HVDC system business, and helping to achieve net zero emissions by promoting the use of renewable energy sources.