TSE:7013Machinery
Does IHI’s Global Ammonia Boiler Retrofit Deal Shift The Bull Case For IHI (TSE:7013)?
In April 2026, Babcock Power Services Inc., Riley Power Inc., and IHI Corporation signed a collaboration agreement to convert existing power plant boilers worldwide to low-carbon fuels, especially ammonia, drawing on IHI’s ammonia combustion work in Japan and Indonesia.
The deal highlights IHI’s growing role as a technology partner for decarbonizing legacy thermal power assets using ammonia co-firing and fuel conversion solutions.
Now we’ll examine how this ammonia-focused retrofit...