IHI Power Services Corp. Celebrates Milestones in 2023

Leading U.S. Power Plant Owner and Operator Reflects on 365 Days of Sustainable Achievement, Strategic Growth and Success

ALISO VIEJO, Calif.–(BUSINESS WIRE)–IHI Power Services Corp. (IPSC), a leading owner and operator of power plants across the U.S., approaches 2024 with a laundry list of exceptional achievements under its belt. From receiving prestigious honors for its green business initiatives to forming innovative partnerships and implementing strategic leadership changes to align with its ambitious go-forward strategy, the company saw tremendous outcomes as a result of its 2023 tactical focus on sustainability and growth.

IPSC kicked off the year by being named the “Green/Sustainability Company of the Year” at the 28^th annual Association for Corporate Growth (ACG) Orange County Awards. The accolade recognizes one company showcasing environmental stewardship and excellence through unique products, manufacturing processes, services or internal business operations. IPSC was commended for its impressive and lengthy list of organizational accomplishments, including a seven-plant renewable biomass portfolio; the largest battery energy storage system project for remote operations center (ROC) monitoring (Gemini 1.6 GW); three gas turbine ROC plants for the Electric Reliability Council of Texas; a state-of-the-art e-waste recovery plant in Carlsbad, Calif; an MoU for the largest wood waste to sustainable aviation fuel (SAF) project in Louisiana and more.

The power plant owner and operator showed no signs of a slowdown in Q3 and Q4, with the announcement of two sustainability-forward partnerships which expanded the company’s portfolio to 50 facilities, 15 gigawatts of generation and over 700 employees. In July, IPSC was selected by Northwest Advanced Bio-Fuels, LLC to provide pre- and post-development operational support for its upcoming 2^nd generation cellulosic renewable bio-jet fuel production plant located in the Columbia River Corridor— the first-ever SAF facility to place roots in the Pacific Northwest region. Shortly after, IPSC strengthened its ties with its female-led investment partner Panamint Capital by securing a second O&M and asset management services project for Sunnyside Cogeneration Associates’ waste coal-fired power generation facility in Carbon County, Utah. Such expansive commitments exemplify the unmatched trust the industry has in IPSC and its devoted team of energy professionals.

IPSC’s deliberate 2023 footprint expansion into renewable generation has been crucial to positioning it at the forefront of the power industry. Its commitment extends to sectors like SAF, biomass fuel generation advancements and other related technological fields, where the company is determined to make a continued positive impact.

In response to this year’s accelerated demand, IPSC also welcomed in new executive leadership to align with its strategic objectives, including Naoki Kono’s internal promotion to VP of commercial operations and the recent C-Suite addition of Glenn McCombs as chief development officer, among other key organizational changes.

“IPSC’s accomplishments in 2023 are a true testament to our incredible team and their relentless dedication to providing state-of-the-art renewable power generation services across the nation,” said John R. Keller, president and CEO at IPSC. “We are committed to keeping this positive organizational trajectory in motion for 2024 by staying in lockstep with emerging technologies and green innovations within the industry and look forward to exciting expansion plans, more investments in the renewable space and an ongoing commitment to strengthening our company’s greener energy generation endeavors.”

To learn more, visit www.ihipower.com.

ABOUT IPSC: IHI Power Services Corp. (IPSC) is a leading power plant owner and operator specifically formed to provide operations, maintenance, management and support services to the U.S. power generation industry by its Tokyo-based parent company, IHI Corporation, a heavy industrial manufacturing and services company active in several industries, including aerospace, shipbuilding, power generation and more. The organization delivers value-added services based on years of hands-on experience in the power generation sector. As an owner and operator, IPSC and its team of nearly 700 employees understand that minimizing operational risks and maximizing asset value while maintaining a safe work setting that is environmentally compliant is key to the success of every facility. By instituting proven programs and industry-best practices while upholding its guiding principles of growth, respect, accountability, integrity and lack of limitation, IPSC provides world-class service to each of nearly 50 facilities and 15 gigawatts under its management. For more information, visit www.ihipower.com and follow IPSC on LinkedIn.

Contacts

Leslie Licano, Beyond Fifteen Communications, Inc.

leslie@beyondfifteen.com | (949)733-8679 ext. 101

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