Hitachi Energy
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| Industry | Energy Technology |
|---|---|
| Founded | 2020 |
| Headquarters | |
Key people | Andreas Schierenbeck (CEO) Ismo Haka (CFO) Gerhard Salge (CTO) |
| Revenue | Over US$10 billion (2022) |
Number of employees | 40,000 |
| Website | www |
Hitachi Energy Ltd is a global technology company headquartered in Zurich, Switzerland. The company’s products include high-voltage equipment, transformers, grid integration and grid automation technologies, and services for renewable energy sectors.
The company is a subsidiary of multinational conglomerate, Hitachi Ltd. The company was formerly known as Hitachi ABB Power Grids, following a joint venture with Hitachi Ltd and ABB Power Grids in 2020, and was rebranded in 2021 as Hitachi Energy Ltd.
History
[edit]In July 2020, ABB divested its power grid business and sold 80.1% of that to Hitachi Ltd, leading to the formation of Hitachi ABB Power Grids.[1]
In October 2021, Hitachi ABB Power Grids changed its company name to Hitachi Energy. In December 2022, it was confirmed that Hitachi acquired the remaining 19.9 percent shares from ABB Ltd.[2]
Products and services
[edit]Hitachi Energy offers a diverse range of products and services, including:
- High-voltage switchgear and breakers
- High-voltage direct current (HVDC)
- Transformers
- Energy storage
- Substations
- Semiconductors
- Power-system automation
- Power-system Consulting
Notable projects
[edit]Hitachi Energy has been involved in several notable projects, such as:
- Supplier for Changji-Guquan UHVDC transmission line in China, the world’s first transmission line operating at 1,100kV voltage (2018) [3]
- Fluoronitrile-based gas replacement for the greenhouse gas sulphur hexafluoride for National Grid in Kent, UK (2021)[4]
- HVDC converter stations for high-voltage direct current submarine power cable North Sea Link (2021)[5]
- Renewable energy microgrid for the remote community of Gull Bay First Nation in Canada (2022)[6]
- Offshore platforms and onshore HVDC converter stations for electricity grid operator TenneT[7]
Environmental commitment
[edit]Hitachi Energy has stated that it has been using 100 percent renewable energy for its global operations since January 2022. Furthermore, the company aims to achieve carbon neutrality by 2030.[8]
See also
[edit]References
[edit]- ^ "Hitachi makes Hitachi Energy a wholly owned subsidiary for 218 billion yen and acquires shares from ABB". www.bloomberg.co.jp. Retrieved 2022-09-30.
- ^ "Hitachi complete Acquisition of ABB Power Grids". www.greentechmedia.com/. Retrieved 2020-05-01.
- ^ Molly (2019-03-06). "China's mega transmission lines". Power Technology. Retrieved 2023-08-14.
- ^ "Hitachi Energy Partners with National Grid on World's First". Bloomberg.com. 2021-12-10. Retrieved 2023-07-04.
- ^ "Hitachi Energy hands over North Sea Link Exchanging Renewable Energy". www.tdworld.com. Retrieved 2022-11-08.
- ^ "Microgrid helps Indigenous Canadians use less diesel". www.tdworld.com. Retrieved 2022-04-08.
- ^ "Petrofac, Hitachi Energy receive $14bn agreement from TenneT". www.reuters.com. Retrieved 2023-03-03.
- ^ "Hitachi Energy achieves 100% renewable energy across its operations". www.powerengineeringint.com. Retrieved 2022-01-28.
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