Hitachi Energy to Invest to Accelerate the Clean Energy Transition

Hitachi Energy will invest an additional $4.5 billion in manufacturing, engineering, digital, R&D and partnerships by 2027, doubling the investments done in the last three years. This complements the recently announced $1.5 billion investment in April this year to ramp up global transformer production. These investments will enable the company to meet customers’ commitments and market demand, increasing its global R&D, engineering and manufacturing capacity of transformers, HVDC and high-voltage products. It will also support the deployment of power electronics-based solutions, grid automation and software solutions, and services in line with the Hitachi Energy 2030 Plan.

Investments will also go into partnerships, supply chain, digitalization and automation, which are enablers to support capacity expansion and increase speed to market.

Electrification is pivotal to achieving Net-Zero goals and the energy transition requires innovative software solutions and services and a significant increase in the production of critical technologies for an expanded electricity grid. Integrating more renewable energy sources like solar and wind, alongside meeting the electrification demands of transport, buildings, industry, and other sectors, necessitates a secure and flexible grid infrastructure. As per IEA, the increased usage of Gen AI and the ever-growing quantity of digital data requires an expansion of data centers and the global electricity demand from data centers and AI could double towards 2026.

- Advertisements -

Leave a Reply