Hitachi Energy plans to invest an additional $1.5 billion to ramp up its global transformer manufacturing capacity by 2027, in addition to the previously announced $3 billion to progress on the electrification of the energy system driven by the energy transition.
"The demand for transformers and electrical equipment has grown at an unprecedented scale, and we are investing to address our customers' mid- and long-term needs,” said Bruno Melles, managing director of the Transformers Business at Hitachi Energy. “We are developing our global footprint and capacity and progressing in digitalization and technology to deliver even more sustainable and reliable solutions."
The company also announced an investment of around $180 million in a 30,000-square-meter transformer factory in the Vaasa region, Finland.
The investments support Hitachi Energy's broader growth efforts, which include the recently announced larger than $30 million expansion in Bad Honnef, Germany. The company’s additional investments will follow in Europe, the Americas, and Asia to meet the growing demand for power and distribution transformers.
Hitachi Energy’s transformer facility expansions include the ongoing project in South Boston, Virginia, US, and other recently completed projects at Jefferson City, Missouri, US, and Dos Quebradas, Colombia. The company has also inaugurated factories in Chongqing, China, and Hanoi, Vietnam, together with a new transformer service center in Welshpool, Australia.
Hitachi Energy employs over 17,000 people across the globe in its Transformer business and plans to add 4,000 new jobs to the industry.
