Dubai PR Network, Online Press Release from Dubai and Middle East
 
Energy and Industry
Filter PR by
  

Hitachi Energy Passes 150 GW in HVDC Links Integrated into the Power System, Expands Capacity to Meet Accelerating Energy Transition Demand

 
Hitachi Energy Passes 150 GW in HVDC Links Integrated into the Power System, Expands Capacity to Meet Accelerating Energy Transition Demand
• $3 billion investment globally, in manufacturing and engineering footprint, R&D and partnerships  
• Workforce expansion with more than 8,000 people hired
• 150 GW of HVDC links integrated into the power system by Hitachi Energy
               
Dubai - October 24, 2023 - Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, announced today that it has enabled more than 150-gigawatts (GW) of high-voltage direct current (HVDC) links around the world integrated into the power system – sufficient to meet the peak power demand for Japan. The announcement follows the delivery of the first power from Dogger Bank, the world's largest offshore wind development, via the UK’s first-time use of HVDC technology on a wind farm. 
 
The company has consistently expanded its capacity to meet accelerating demand driven by the clean energy transition. Since 2020, when Hitachi began its strategic investment, Hitachi Energy has increased its workforce by more than 8,000. Within the same period, the company also invested $3 billion in manufacturing and engineering footprint, and Research & Development (R&D), expanding collaboration and driving the company to become the strategic partner throughout the customers' entire life cycle. 
 
'Electricity will be the backbone of the entire energy system and will help to drive the clean energy transition. Today’s announcement shows how we are enabling our customers to accelerate the development of the power grids that energy system requires,' said Claudio Facchin, CEO of Hitachi Energy. 
 
The continuing investments are in line with the Hitachi Energy 2030 Plan and Hitachi's Mid-term Management Plan 2024. 
 
Investments in the three focus areas of Hitachi Energy 2030 Plan:
 
1) Continuously strengthening the power grid core business
The company has invested heavily in expanding capacity and new hires across the globe in Europe, the Middle East and Africa, North and South America, and Asia Pacific. Examples from this year alone are the power quality factory and the global technology and innovation center in India, and the transformer factory in China. In addition, it has recently invested in Sweden, Switzerland, and the US. 
 
Investments in R&D 
Sustainable solutions: EconiQ™ contains no sulfur hexafluoride (SF6) proven to significantly reduce carbon footprint throughout the entire life cycle. Next-generation power semiconductors like RoadPak for e-Mobility. Digital technologies like Lumada Asset Performance Management and IdentiQ™ for HVDC and power quality. 
 
2) Doubling efforts on digital and services and expansion at the edge of the energy system 
Digitalization and Service: The new generation of  Lumada Asset Performance Management software solution features advantages of Artificial Intelligence; the acquisition of majority stake in eks Energy, a power conversion technology provider to enhance storage and flexibility at the edge of the energy system.
 
3) Innovation, synergies, partnerships, and M&A to accelerate growth
Increasingly strong collaborations have led to new business models, framework agreements for capacity reservation, and global standards, allowing for better planning to meet demands. Some key projects enabled by the company’s technologies are Champlain Hudson Power Express, TenneT’s 2GW Program, and Project Lightning, a first-of-its-kind subsea power transmission project.
 
The IEA report, “Electricity Grids and Secure Energy Transitions” states that grid investment needs to nearly double by 2030 to over $600 billion per year after stagnation at the global level, and building out of grids requires a secure supply chain and a skilled workforce.  
 
Rapid electrification of transport, buildings, and industries is increasing the demand for secure, sustainable, and flexible electricity globally. The company is committed to continuously strengthening its business toward the forecast of the 2050 energy system; where it sees an installed global power generation capacity of four times today and a transfer of electrical energy, which is three times compared to what it is today. 
 
“Since we started the journey with Hitachi in July 2020, we have been able to accelerate our growth and expansion, also leveraging synergies across Hitachi Group,” Facchin added. “With more than a century of energy expertise, combined with digitalization as an enabler, we can scale at pace and provide innovative services and solutions to our customers. As Hitachi, we have a unique position across IT, OT and product capabilities to support our customers throughout the entire lifecycle.”


Posted by : DubaiPRNetwork.com Editorial Team
Viewed 19438 times
PR Category : Energy and Industry
Posted on : Tuesday, October 24, 2023  2:39:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Dubai Autodrome Eliminates the Equivalent of 965 Trucks in C...
Next Story : MMEC Mannesmann Signs MoU with Linde Group to Enhance the Gr...
Email this article Print this article

Share this article with your friends and followers
NewsVine
 
 
Most Viewed Press Release posted in the last 7 days
IATA and ASA Strengthen Cooperation [38720-Views]
Stay Cozy, Stay Trendy with REDTAG's New Winter Collection [24370-Views]
Neha Kakkar set to headline inaugural Indian Musical Festival in Dubai [22644-Views]
Brighten the Holiday Season with SHEGLAM's Limited-Edition Festive Glow Gift Sets [18835-Views]
STUDIO SHOO Unveils ‘From the Fridge' – A 100% Recycled Plastic Installation in Partnershi... [9434-Views]
Africa Debate – UAE explores trade and investment opportunities in UAE and Africa in renew... [7843-Views]
‘The Apprentice: ONE Championship Edition' Season 2 to Launch in Qatar and MENA Region on ... [7634-Views]
EDGE Secures Strategic Contract to Enhance Kuwait's Marine Assets [6712-Views]
Dubai Customs Joins UAE Celebrations for "Flag Day" [6371-Views]
Thermax to highlight advanced clean air, clean energy, and clean water solutions for the ... [6060-Views]
Pomellato Presents ‘Art & Jewelry', The First-Ever Brand Exhibition In Shanghai, Celebrati... [5974-Views]
Empowering the skies: ‘Women in Aviation Middle East' conference to take flight at Air Ex... [5748-Views]
Driving Energy Transition: Italian Innovation at ADIPEC 2024 Italy Captures 10% of UAE Oil... [5609-Views]
Kartell's Expansion Strategy Focuses on the UAE [5531-Views]
Rotana Promotes Timur Ilgaz To New Area General Manager For Dubai & Northern Emirates [5437-Views]
CASIO Middle East and Africa Highlights the Vital Role of Scientific Calculators in Develo... [5371-Views]
Danube Home elevates outdoor living spaces with its modern, stylish furniture and customis... [5203-Views]
The World Future Energy Summit hosts the dedicated Clean Energy & Solar Conference and Exh... [4920-Views]
Could use a vacation right now: Elsa Pataky and Chris Hemsworth Partner with Experience Ab... [4793-Views]
UAE Universities Climate Network to host climate change workshops at COP29 in Baku [4756-Views]
Mohammed Bin Rashid Library Inaugurates Arab Journalism Exhibition Under the Slogan ‘A Jou... [4670-Views]
du unveils lead acid battery recycling initiative to drive eco-progress in UAE [4494-Views]
Presight welcomes ADNOC and AIQ's Agentic AI Solution for the Energy Sector [4383-Views]
Malabar Gold & Diamonds Continues Expansion Spree; Launches 6 Showroom in India [4334-Views]
The Milestone 10th Edition of Dubai Design Week Is Now Open [4313-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
Back to Section Home

Related Stories

 
Top Sections
 
Top Stories