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Hitachi Energy Commits $4.5 Billion Investment in Clean Energy

editor by editor
June 12, 2024
in News
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Hitachi Energy
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Hitachi Energy plans to invest $4.5 billion by 2027 to accelerate the clean energy transition. These investments will help the company to fulfill customer commitments and meet market demand by expanding its global R&D, engineering, and manufacturing capabilities for transformers, high-voltage direct current (HVDC), and high-voltage products.

Additionally, it will facilitate the deployment of power electronics-based solutions, grid automation, software solutions, and services aligned with the Hitachi Energy 2030 Plan. The investments will also be directed towards partnerships, supply chain improvements, digitalization, and automation.

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In May 2024, RWE inked Framework Agreements with Hitachi Energy and Aibel for the joint supply of three high-voltage direct current systems for RWE offshore wind farms. These agreements are of a long-term nature, earmarking the secured HVDC systems for offshore wind projects within RWE’s global development pipeline.

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