Urja Daily
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Batteries
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Batteries
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
No Result
View All Result
Urja Daily
No Result
View All Result
Home News

Hitachi Energy Identifies India As A Key Growth Market

Urja Daily by Urja Daily
November 25, 2021
in News
Reading Time: 3 mins read
0
Hitachi Energy
Share on FacebookShare on TwitterShare on Linkedin

India — Following the recent rebranding of its parent company to Hitachi Energy, its operations in India today announced their evolution to ‘Hitachi Energy India Limited’, reaffirming their commitment to accelerating the clean energy transition in India. Formerly known as ABB Power Products & Systems India Limited, the business continues to be listed on India’s stock exchanges.

India is on an ambitious journey to become carbon-neutral and at the recent COP26 climate summit in Glasgow, the country announced a five-point climate pledge1 for 2030 including a target of net-zero carbon emissions by 2070. Hitachi Energy, which has focused its Purpose on ‘Advancing a sustainable energy future for all’, views India among its top five markets for expansion – a country which has significant potential in renewable energy, smart grids, grid modernization, and the electrification of transportation and industries including data centers.

RELATED POSTS

BPCL Kochi Refinery Celebrates 60 Years, Charts Sustainable Path Forward

VinFast Expands into Hyderabad with Dual Showroom Launch

Claudio Facchin, CEO, Hitachi Energy, said, “We are championing the urgency of a clean energy transition through innovation, collaboration and through the combination of IT, operational technology (OT), products and services that can be deployed today.” He continued, “India is pursuing ambitious clean energy pathways and together with customers and partners, we are excited to support technologies that enable more integration of renewables such as High Voltage Direct Current (HVDC) interconnections and grid edge solutions. Technologies for enhancing energy efficiency and improving the transport infrastructure will also help to further develop the green growth opportunities – and as Hitachi Energy, we are committed to continue pushing the boundaries of innovation in India and delivering on the promise of a carbon-neutral future.” 

As per the International Energy Agency’s India Energy Outlook 2021 report2, to meet growth in electricity demand over the next twenty years India will need to add a power system the size of the European Union to what it has now. Hitachi Energy aims to expand its portfolio to meet the needs of the evolving energy landscape in India and grow faster than the market to address the rise in demand. The business is focusing on localizing its global product portfolio, building indigenous capabilities as well as creating new jobs.

In the next five years, Hitachi Energy is aiming to augment its grid integration portfolio through power quality solutions and system studies, supporting the modernization of grids. It continues to strengthen its leadership position in the HVDC space – Hitachi Energy is behind 50 percent of all HVDC projects in India – and raise the share of its transformers and grid automation business in high-growth segments such as rail and data centers.

N Venu, Managing Director and CEO, Hitachi Energy India Limited, said, “Hitachi Energy has a strong track record and six-decade heritage of investing and ‘making’ in India.” Venu continued, “About 80 percent of our products are manufactured locally and we are the single-point source for Hitachi Energy’s global supply of certain products. Hitachi Energy has global engineering centers in Chennai, employing over 1,500 engineers which support its R&D and execution of systems, products and factories in over 40 countries. We believe in India’s fundamental growth drivers and are increasing our footprint, opening new factories and expanding existing ones. As part of Hitachi Energy’s vision 2025, we aim to boost the digitalization of our products, consultancy and services, and exports in high-growth segments to drive India’s energy transition.”

With its new brand name – Hitachi Energy India – the business will be able to effectively position its pioneering technologies and services to existing and future customers expanding beyond the grid – opening up a breadth of opportunities in areas such as sustainable mobility and smart life, and contributing further economic, environmental and social value.

Notes

  1. As part of India’s five-point climate pledge for 2030, the country aims to achieve 500 GW of renewable energy capacity, 50 percent installed capacity of non-fossil energy sources in the energy mix, a one-billion-ton reduction in carbon emissions, 45 percent cut in the economy’s carbon intensity, and achievement of net-zero carbon emissions by 2070.
  2. India Energy Outlook 2021, International Energy Agency,
Tags: ABB PowerClean EnergyHitachi Energy
ShareTweetShare
Urja Daily

Urja Daily

Related Posts

BPCL

BPCL Kochi Refinery Celebrates 60 Years, Charts Sustainable Path Forward

by Palak
September 29, 2025
0

Kochi, Kerala, India - Bharat Petroleum Corporation Limited (BPCL) is celebrating sixty years of its Kochi Refinery. From a modest start...

VinFast

VinFast Expands into Hyderabad with Dual Showroom Launch

by Palak
September 26, 2025
0

Hyderabad, Telangana, India - VinFast Auto India announced the inauguration of its two showrooms in Hyderabad, further strengthening its presence...

Samsung

Samsung and Videotex Partner to Expand Tizen OS TVs in India

by Palak
September 25, 2025
0

Delhi : Videotex International Pvt. Ltd. has announced a partnership with Samsung to locally manufacture Smart TV powered by Samsung Tizen OS...

Mitsubishi Electric

Mitsubishi Electric Launches KEGMIL to Streamline Elevator and Escalator Service Management

by Palak
September 25, 2025
0

TOKYO - Mitsubishi Electric Building Solutions Corporation (MEBS, Head Office: Chiyoda-Ku, Tokyo; President: Iwao Oda) today announced the introduction of KEGMIL, a...

WOTR

Maharashtra, WOTR Sign Pact to Mainstream Ecological Resilience in State Planning

by Palak
September 23, 2025
0

Pune: The Department of Environment and Climate Change, Government of Maharashtra, has signed an MoU with the Watershed Organisation Trust (WOTR)...

Next Post
DJI-0011

Tri Global Energy Chairman And CEO Named To Dallas

Thin Film Battery

Thin Film Battery Market Size to Reach USD 953.7 Million

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

BPCL

BPCL Kochi Refinery Celebrates 60 Years, Charts Sustainable Path Forward

September 29, 2025
Montra Electric

Montra Electric Unveils Rhino 5538 EV & New Automated Battery Facility

September 29, 2025

MOST VIEWED

  • Hydrom

    Hydrom and Thyssenkrupp Nucera Partner for Green Hydrogen Projects in Oman

    0 shares
    Share 0 Tweet 0
  • SFC India Selected Dassault Systèmes for Indigenization and Digital Transformation of Wastewater Treatment Plants

    0 shares
    Share 0 Tweet 0
  • Juniper Green Energy Secures 1 GW Solar Module Deal with First Solar

    0 shares
    Share 0 Tweet 0
  • PGCIL Wins ISTS Project for Renewable Energy Integration in Karnataka

    0 shares
    Share 0 Tweet 0

BPCL Kochi Refinery Celebrates 60 Years, Charts Sustainable Path Forward

Montra Electric Unveils Rhino 5538 EV & New Automated Battery Facility

VinFast Expands into Hyderabad with Dual Showroom Launch

India Can Lead in Semiconductor Innovation, If We Skill Right

Samsung and Videotex Partner to Expand Tizen OS TVs in India

Mitsubishi Electric Launches KEGMIL to Streamline Elevator and Escalator Service Management

Latest Magazine

© 2016 – 2025 TechZone Print Media | All Rights Reserved

  • About Us
  • Contact Us
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Batteries
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe

© 2016 - 2025 TechZone Print Media | All Rights Reserved