Mitsubishi Heavy Industries (MHI) has taken an ownership stake in energy specialist PolyCharge.

As part of the deal, the two companies have entered into a joint development and supply agreement for capacitor products based on PolyCharge's NanoLam technology. 

"Our partnership with Mitsubishi Heavy Industries is a testament to the potential of our NanoLam technology to revolutionise the capacitor industry. With MHI's expertise and investment, we are poised to bring next-generation capacitor solutions to the electrification market," says Steven Yializis, chief operating officer of PolyCharge.

MHI senior general manager of growth strategy office Tomoaki Omura says: "Our partnership with PolyCharge solidifies our position as a leader in electrification - enabling us to provide innovative and premium performing solutions to our customers. This joint development and supply agreement serves as a testament to our commitment to delivering cutting-edge technology and unparalleled expertise as a world-leading industrial group." 

PolyCharge expects that the agreement will act as a foundation to encourage collaboration and integration on next-generation capacitor products for electrification applications, especially those tailored for MHI's future electrification projects.

Japan’s MHI, the parent of Mitsubishi Logisnext, has operations spanning energy, smart infrastructure, industrial machinery, aerospace and defence.