Hitachi Energy Commits $4.5 Billion Investment in Clean 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.

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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