Hitachi Energy: Difference between revisions
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== History == |
== History == |
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In July 2020, ABB divested its power grid business and sold 80.1% of its shares to [[Hitachi|Hitachi Ltd]], leading to the formation of '''Hitachi ABB Power Grids'''.<ref>{{Cite web |title=Hitachi makes Hitachi Energy a wholly owned subsidiary for 218 billion yen and acquires shares from ABB |url=https://www.bloomberg.co.jp/news/articles/2022-09-30/RJ0ETBDWLU6801 |access-date=2022-09-30 |website=www.bloomberg.co.jp}}</ref> |
In July 2020, [[ABB]] divested its power grid business and sold 80.1% of its shares to [[Hitachi|Hitachi Ltd]], leading to the formation of '''Hitachi ABB Power Grids'''.<ref>{{Cite web |title=Hitachi makes Hitachi Energy a wholly owned subsidiary for 218 billion yen and acquires shares from ABB |url=https://www.bloomberg.co.jp/news/articles/2022-09-30/RJ0ETBDWLU6801 |access-date=2022-09-30 |website=www.bloomberg.co.jp}}</ref> |
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In October 2021, Hitachi ABB Power Grids changed its company name to '''Hitachi Energy'''. In December 2022, it was confirmed that [[Hitachi]] acquired the remaining 19.9 percent shares from [[ABB]] Ltd.<ref>{{Cite news |title=Hitachi complete Acquisition of ABB Power Grids |work=www.greentechmedia.com/ |url=https://www.greentechmedia.com/articles/read/hitachi-completes-acquisition-of-abb-power-grids |access-date=2020-05-01}}</ref> |
In October 2021, Hitachi ABB Power Grids changed its company name to '''Hitachi Energy'''. In December 2022, it was confirmed that [[Hitachi]] acquired the remaining 19.9 percent shares from [[ABB]] Ltd.<ref>{{Cite news |title=Hitachi complete Acquisition of ABB Power Grids |work=www.greentechmedia.com/ |url=https://www.greentechmedia.com/articles/read/hitachi-completes-acquisition-of-abb-power-grids |access-date=2020-05-01}}</ref> |
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Revision as of 08:27, 20 February 2024
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| 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. The company was formerly known as Hitachi ABB Power Grids, following a joint venture with Hitachi Ltd and ABB Power Grids in 2020, and was rebranded in 2021 as Hitachi Energy Ltd.
History
In July 2020, ABB divested its power grid business and sold 80.1% of its shares to Hitachi Ltd, leading to the formation of Hitachi ABB Power Grids.[2]
In October 2021, Hitachi ABB Power Grids changed its company name to Hitachi Energy. In December 2022, it was confirmed that Hitachi acquired the remaining 19.9 percent shares from ABB Ltd.[3]
Products and services
Hitachi Energy offers a diverse range of products and services, including:
- High-voltage switchgear and breakers
- High-voltage direct current (HVDC)
- Transformers
- Energy storage
- Substations
- Semiconductors
- Power-system automation
- Power-system Consulting
Notable projects
Hitachi Energy has been involved in several notable projects, such as:
- Supplier for 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 commitment
Hitachi Energy has stated that it has been using 100 percent renewable energy for its global operations since January 2022. Furthermore, the company aims to achieve carbon neutrality by 2030.[9]
See also
References
- ^ "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 Acquisition of ABB Power Grids". www.greentechmedia.com/. Retrieved 2020-05-01.
- ^ Molly (2019-03-06). "China's mega transmission lines". Power Technology. Retrieved 2023-08-14.
- ^ "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.
External links
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