Hitachi Energy has unveiled plans to inject more than $1 billion into expanding its global transformer manufacturing capacity, aiming to meet the surging demand and bolster electrification initiatives worldwide.
The $1.5 billion investment, set to be realized by 2027, will augment Hitachi Energy's transformer production capabilities, complementing the $3 billion previously earmarked to advance energy system electrification amid the ongoing energy transition.
Bruno Melles, Managing Director of Hitachi Energy's Transformers Business, emphasized the necessity of the investment, stating, “The demand for transformers and electrical equipment has grown at an unprecedented scale, and we are investing to address our customers' mid- and long-term needs.” He further highlighted the company's commitment to enhancing global footprint and capacity while embracing digitalization and technology advancements to deliver sustainable and reliable solutions.
Melles made these remarks during Hitachi Energy's Energy & Transformers Days, a flagship customer event held in Rome, Italy.
In a strategic move, Hitachi Energy announced an investment of approximately $180 million in a new transformer factory located in the Vaasa region of Finland. This investment underscores the company's dedication to bolstering manufacturing infrastructure to meet escalating demand.
These investments complement Hitachi Energy's broader expansion initiatives, including a recent announcement of a larger-than-$30-million expansion in Bad Honnef, Germany.
Melles reiterated Hitachi Energy's commitment to collaborating with utility and industry partners to accelerate the energy transition. He emphasized that by leveraging global presence, cutting-edge technology, and the expertise of its workforce, Hitachi Energy is not only equipped to meet the soaring demand for sustainable energy solutions but also to drive innovation toward a carbon-neutral future.
