Hitachi Energy is marking a significant milestone in India, celebrating 75 years of operations with an ambitious plan that underscores its commitment to the country’s energy future. The company is set to invest a whopping $250 million (around Rs 20.99 billion) over the next five years, a move that signals its intent to ramp up capacity, broaden its portfolio, and enhance its talent base in one of the world’s most dynamic energy markets. This investment is part of a grander $6 billion global initiative aimed at bolstering manufacturing, engineering, research and development, and digital partnerships to accelerate the clean energy transition. Notably, $4.5 billion of this global investment was unveiled back in June, showcasing Hitachi Energy’s strategic focus.
In India, the spotlight is on expanding the large power transformers factory and relocating the bushings factory in Gujarat, along with upgrading testing capabilities for specialty transformers. Transformers play a pivotal role in adjusting voltage levels on electricity grids, making them essential for the efficient transmission and distribution of power. As India grapples with surging energy demands, Hitachi Energy’s advancements in transformer technology are set to be a game-changer, particularly in modernizing the railway network through electrification and enhancing the overall transmission projects across the country.
Andreas Schierenbeck, the global CEO of Hitachi Energy, emphasized the company’s long-standing investment in India, stating, “We have been continuously investing in India over the past seven and a half decades. We remain focused on advancing a sustainable energy future for all, and India is an important market in our effort to make the world’s energy system more sustainable, flexible and secure.” This sentiment encapsulates not just a business strategy but a vision for a greener, more sustainable future.
To celebrate this milestone, Hitachi Energy is hosting the Energy & Digital World 75 symposium in New Delhi on October 7-8. This two-day event promises to be a hub of innovation, featuring plenary sessions, product launches, and technical conferences centered on new energy integration, sustainable electrification, and smart infrastructure. It’s an opportunity for industry stakeholders to engage with the latest advancements and explore collaborative pathways in energy technology.
Looking at the bigger picture, Hitachi Energy’s investment in India mirrors broader trends in the global transformers market, which is projected to hit $51.33 billion by 2028, with the Asia-Pacific region at the forefront. The drivers behind this surge include grid development plans, the integration of renewable energy sources, and the pressing need to address reliability concerns as many assets reach the end of their operational life.
As Hitachi Energy steps up its game in India, it not only reinforces its commitment to the local market but also plays a crucial role in shaping the future of energy in the region. The company’s strategic investments and initiatives are likely to spur innovation and drive the clean energy transition, making it a pivotal player in the ever-evolving landscape of global energy.
