News Releases

TOKYO, JAPAN, September 27, 2011 — Toshiba Corporation (TOKYO: 6502) today announced that it has signed a memorandum of understanding (MOU) with GE on the mutual promotion of sales in Japan and other key Asian markets of new combined cycle systems that integrate GE's Frame 9FB Gas Turbines, GE's most advanced 50Hz gas turbine, with Toshiba's high efficiency steam turbines and generators. Toshiba will initiate marketing of combined cycle systems incorporating the GE's Frame 9FB Gas Turbine in October 2011, in close cooperation with GE.

Combined cycle systems combine gas and steam turbines to generate electricity in two stages. First stage generation in the gas turbine produces exhaust steam that drives the second stage steam turbine and generates more electricity. Combined cycle systems are more efficient and release less CO₂ into the environment than conventional thermal power systems.

Toshiba and GE have cooperated in gas turbines since 1982. Building on that, Toshiba and GE have now agreed to collaborate in sales of a new combined cycle system integrating GE's Frame 9FB Gas Turbines, which employ GEs FlexEfficiency™^*1 technology to enhance operational flexibility and to boost efficiency, with Toshiba's high efficiency steam turbines and generators and quick start control systems.

The efficiency and environmental friendliness of combined cycle systems makes them key power generation systems in Japan and Asia, where demand for electricity is strong and growing. The worldwide installed capacity of combined cycle systems is expected to expand from 1,350 gigawatts in 2011 to 1,520 gigawatts in 2015^*2.  Toshiba Group will expand its thermal power business by offering high efficiency combined cycle systems in collaboration with GE.

^*1  FlexEfficiency™ is a trademark of the GE.
^*2  Source: IEA World Energy Outlook 2010