IHI Corporation has entered a collaboration agreement with Babcock Power Services and Riley Power to convert existing power plant boilers to low-carbon fuels. The partnership focuses on ammonia co-firing and full fuel conversion to reduce emissions from legacy thermal power assets globally. This move positions IHI as a key technology provider for industrial decarbonization. Alongside investments in advanced nuclear components, the company is targeting the retrofit market to help power plants transition away from high-carbon fuels while utilizing existing infrastructure.
