«Be prepared for what is coming around the next corner!»
Arthur Eckert, Senior Manager
Hitachi Energy Press Release.
Hitachi Energy has taken pride in contributing to various nation-building projects in India over the last 75 years. From Hindustan Electric to Hindustan Brown Boveri, ABB Power Grids, Hitachi ABB Power Grids, and now Hitachi Energy - the pioneering technology leader has played a significant role in the country’s energy transition since 1949.
The company will host a two-day experiential technology symposium, Energy & Digital World 75 (EDW75), to celebrate this milestone, encapsulating technologies and discussions toward advancing India's Net-Zero journey. The event was inaugurated by Amitabh Kant, India’s G20 Sherpa, Andreas Schierenbeck, Global CEO, Hitachi Energy, and N Venu, Managing Director and CEO, Hitachi Energy India & South Asia.
To mark this milestone year, Hitachi Energy plans to invest around $250 million USD (INR 2,000 crores) in its operations in India over the next five years, contingent on continuing current underlying trends. This investment is part of the company’s larger $6 billion USD investment plans in manufacturing, engineering, digital, R&D, and partnerships across all major markets globally.
The energy challenge before us is bigger than one company, one team, and one individual. As the energy transition gathers pace with increased electrification and integration of renewables, power grids are becoming increasingly significant both from a capacity and complexity perspective. 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.
We have been continuously investing in India over the past seven and a half decades. The new investments are geared toward expanding and upgrading capacity and talent, strengthening supply chain and enabling flexibility through digitalization in line with the Hitachi Energy 2030 strategic growth plan.
Key highlights of the investments include a significant capacity expansion of the large power transformers factory, upgraded testing capabilities for specialty transformers at the small power transformers and the relocation of the bushings factory, all crucial to further develop the country’s transmission projects to meet increasing energy demands. The capacity of the traction transformers factory will also be boosted to support the modernization of the Indian railway network.
Energy and Digital World 75 (EDW75): EDW75, commemorating 75 years of Hitachi Energy's presence in India, is being held on Oct. 7 and 8, 2024 in New Delhi with the participation of over 2,000 policymakers, regulators, diplomats, customers, suppliers, academia and think tanks. Over 50 global and Indian industry experts will share their views through multiple technology sessions on new energy integration, strengthening sustainable electrification, and creating smart infrastructure.