Kyushu Electric Power (Kyuden, Headquarters: Fukuoka City, Fukuoka Prefecture[1]) announced on June 1, 2020, that Kyuden International Corporation[2] and West Japan Engineering Consultants[3], which are both subsidiaries of Kyuden, have concluded a share purchase agreement for the acquisition of Thermochem and PT. Thermochem Indonesia (Collectively “Thermochem”). The two companies, based in the U.S. and Indonesia respectively, offer geothermal technical and consulting services.[4]

Thermochem has contributed to the implementation of flow measurement and testing services during the well-drilling work at the Sarulla Geothermal Independent Power Producer (IPP) project in Indonesia. Kyuden has participated in this project, which is one of the largest geothermal IPP projects in the world. Thermochem has a strong reputation among geothermal developers and operators worldwide for its advanced technical capabilities and knowledge.

This is the first time that Kyuden Group has independently acquired an overseas business. Leveraging Termochem’s knowledge and experience, Kyuden will continue to expand its geothermal power generation business. Based on the Kyuden Group Management Vision 2030, the Kyuden Group plans to contribute to the development of renewable energy and a sustainable society by acquiring equity ownership of 5 GW of overseas electricity generation businesses. [5] [6]

[1] https://www.kyuden.co.jp/english_company_outline_index.html

[2] https://www.kyuden-intl.co.jp/en/company/

[3] https://www.wjec.co.jp/company/location.html

[4] https://www.kyuden.co.jp/var/rev0/0243/8936/12fkcd49.pdf

[5] http://www.kyuden.co.jp/press_h200601b-1.html

[6] https://www.kyuden.co.jp/var/rev0/0243/8935/bj2rx941.pdf