News

Hitachi Energy Increases Hvdc To Accelerate Energy Transition Demand

KUALA LUMPUR, Oct 24 (Bernama) -- Global technology leader, Hitachi Energy announced 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.

According to a statement, the announcement follows the delivery of the first power from Dogger Bank, the world's largest offshore wind development, via the United Kingdom’s first-time use of HVDC technology on a wind farm.

“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.

“With more than a century of energy expertise, combined with digitalisation as an enabler, we can scale at pace and provide innovative services and solutions to our customers,” said Hitachi Energy Chief Executive Officer, Claudio Facchin.

Having consistently expanded its capacity to meet accelerating demand driven by the clean energy transition, Hitachi Energy has increased its workforce by more than 8,000, when Hitachi began its strategic investment, since 2020.

Within the same period, the company also invested US$3 billion in manufacturing and engineering footprint, research & development (R&D), expanding collaboration and driving the company to become the strategic partner throughout the customers' entire lifecycle. (US$1=RM4.78)

The continuing investments are in line with the Hitachi Energy 2030 Plan and Hitachi's Mid-term Management Plan 2024.

The investments in the three focus areas of Hitachi Energy 2030 Plan are to continuously strengthening the power grid core business; doubling efforts on digital and services and expansion at the edge of the energy system; as well as accelerating growth via innovation, synergies, partnerships, and mergers and acquisitions (M&A).

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.

-- BERNAMA

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