Hitachi Energy said it has entered a strategic partnership with Blackstone Energy Transition Partners to expand its power services business across North America, including the acquisition of a minority stake in Shermco, a U.S.-based electrical services company recently acquired by funds affiliated with Blackstone.
The partnership brings together Hitachi Energy, Blackstone and Shermco to enhance service capabilities across the power value chain, from electricity generation and transmission to industrial electrification and data centre operations.
“Investing in Shermco in partnership with Blackstone enables Hitachi Energy to accelerate our growth and expand service capabilities across North America,” Hitachi Energy Chief Executive Andreas Schierenbeck said in a statement.
Phil Petrocelli, Chief Executive of Shermco, said the collaboration would strengthen the company’s market position and “expand our footprint and capabilities to continue to accelerate our growth together.”
Blackstone’s Global Head of Energy Transition Partners, David Foley, added: “We are excited to partner with Hitachi Energy to build on Shermco’s success in an era of rapid electrification and increasing demand.”
As part of its broader strategy, Hitachi Energy said it is launching a $1 billion global service investment programme to meet rising demand for grid modernization and electrification. The initiative includes the rollout of new digital service solutions—such as its HMAX Energy platform—and the addition of 5,000 certified service experts worldwide.
“By combining Hitachi Energy’s grid expertise and digital solutions with Shermco’s nationwide field service presence, we will set a new benchmark for electrical infrastructure services,” said Wolf Mueller, Managing Director of Hitachi Energy’s service business.
The company said expanding service capacity has become essential as aging grids, a shrinking skilled workforce and accelerating electrification place growing pressure on the reliability, safety and resilience of energy infrastructure across North America.
