Hitachi Energy
666707baec046b3d735575ec Screenshot 348

Hitachi Energy to Invest Additional $4.5 Billion in Manufacturing, Engineering, Digital, R&D and Partnerships by 2027

June 10, 2024
The company is also investing around $330 million to expand and modernize its factory in Ludvika and a new campus in Vasteras, Sweden, across all product portfolios.

Hitachi Energy will invest an additional $4.5 billion in manufacturing, engineering, digital, R&D and partnerships by 2027, doubling its investments since the last three years and enhancing the $1.5 billion investment to ramp up global transformer production.

The investments will not only help the company meet customers' commitments and market demand, increasing its global R&D, engineering and manufacturing capacity of transformers, high-voltage direct current (HVDC) and high-voltage products but also support the deployment of power electronics-based solutions, grid automation and software solutions, and services in line with the Hitachi Energy 2030 Plan.

The investments will also go into partnerships, supply chain, digitalization and automation responsible for supporting capacity expansion and increasing speed to market.

According to IEA, the increased use of Gen AI and the growing quantity of digital data requires an expansion of data centers and the global electricity demand from data centers and AI is expected to double towards 2026.

The company is also investing around $330 million to expand and modernize its factory in Ludvika and a new campus in Vasteras, Sweden, across all product portfolios.

The Ludvika factory will expand by more than 30,000 square meters to enable new manufacturing capacity of large transformers and meet the deliveries of important HVDC projects.

A new campus in Vasteras will accommodate 1,800 employees, including an R&D center and a production facility for grid automation. The workforce in Sweden will grow by 2,000 to support the accelerating energy transition.

While the company has announced the Sa.Co.I.3 interconnection between Italy and France, it is also leveraging synergies between Hitachi Energy and Hitachi Digital to provide the unique position across IT, OT, product and service capabilities to support customers throughout the entire lifecycle.

About the Author

Hitachi Energy

Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry, and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. 

We are advancing the world's energy system to become more sustainable, flexible, and secure while balancing social, environmental, and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. We integrate more than 150 GW of HVDC links into the power system, helping our customers enable more wind and solar. Headquartered in Switzerland, we employ more than 40,000 people in 90 countries and generate business volumes of over $10 billion USD.

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