User:BlackStef/sandbox
 | |
| Industry | Energy Technology |
|---|---|
| Founded | 2020 |
| Headquarters | |
Key people | Claudio Facchin (CEO) Venu Nuguri (CEO, India) 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 provides sustainable energy solutions to buildings, utilities, industries, and infrastructure sectors.[1] The company’s portfolio includes 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, and was established in 2021 as Hitachi Energy Ltd. The company was formerly known as Hitachi ABB Power Grids, following a joint venture with Hitachi Ltd, and ABB Power Grids in 2020.
History[edit]
Founding and incorporation[edit]
In July 2020, ABB Power Grids divested 80.1 percent of its power grid business to Hitachi Ltd. The joint venture resulted in the formation of Hitachi ABB Power Grids.[2]
In October 2021, Hitachi ABB Power Grids formally started operating as Hitachi Energy. In December 2022, it was confirmed that Hitachi acquired the remaining 19.9 percent shares from ABB Ltd.[3]
Products and Services[edit]
Hitachi Energy supplies a range of products and services which includes:
- High-voltage switchgear and breakers
- High-voltage direct current (HVDC)
- Transformers
- Energy storage
- Substations
- Semiconductors
- Power system automation
Notable projects[edit]
- Changji-Guquan UHVDC transmission line in China, the world’s first transmission line operating at 1,100kV voltage (2018)[4]
- Fluoronitrile-based gas replacement for the greenhouse gas sulphur hexafluoride for National Grid in Kent, UK (2021)[5]
- HVDC converter stations for high-voltage direct current submarine power cable North Sea Link (2021)[6]
- Renewable energy microgrid for the remote community of Gull Bay First Nation in Canada (2022)[7]
- Offshore platforms and onshore HVDC converter stations for electricity grid operator TenneT[8]
Environmental record[edit]
Hitachi Energy has been using 100 percent renewable energy for its global operations since January 2022 and is furthermore aiming for carbon neutrality by 2030.[9]
References[edit]
- ^ "Decarbonization: What worries the president of Hitachi in South America about this engine of growth for this business?". www.forbes.pe. Retrieved 2022-12-21.
- ^ "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 Acquistion of ABB Power Grids". www.greentechmedia.com/. Retrieved 2020-05-01.
- ^ "Ultra-high-voltage electricity transmission in China", Wikipedia, 2023-06-14, retrieved 2023-07-04
- ^ "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.