It’s now official: The company formerly known as Hitachi ABB Power Grids is now called Hitachi Energy.
“At Hitachi Energy, we are championing the urgency of a clean energy transition, through innovation and collaboration. There are many pathways towards a carbon-neutral future – to tackle this global challenge, we nurture diverse global teams bringing authentic passion and enduring ownership,” said Claudio Facchin, CEO of Hitachi Energy. “By 2050, global electrification will near‐double in demand and electricity will be the backbone of the entire energy system. At Hitachi Energy we have pioneered many of the technologies needed for advancing a sustainable energy future for all – and we are committed to continue pushing the boundaries of innovation. Delivering on the promise of a carbon-neutral future will take passion, trust and innovation – and the benefits will be for our generations and those to come. With our new name – Hitachi Energy – we are broadening our commitment to creating real impact for our customers and partners, our people and society.”
The carbon-neutral energy system will be highly interconnected and HVDC, a technology Hitachi Energy pioneered over 60 years ago is one of the key enablers for bulk renewable energy resources integration and reliable interconnection across countries, regions and continents. As the market leader in HVDC, Hitachi Energy is contributing to many of these interconnections, such as the recently announced award of Saudi Arabia – Egypt HVDC interconnector (October 5, 2021) – the first ever large-scale interconnector in the Middle East and North Africa and the start of operation of North Sea Link (October 1, 2021) – at 720 kilometers, NSL is the world’s longest subsea interconnector linking Norway and the UK, enabling the exchange of renewable energy between the countries.
To complement interconnections and meet the growing need for energy system flexibility, Hitachi Energy is also supporting customers with grid edge solutions such as microgrids and energy storage. A recent example can be seen in Cordova, Alaska, where the community has been able to reduce its reliance on fossil fuels, whilst gaining energy independence.
Hitachi Energy is fostering collaboration with customers and partners to find global solutions to solve the global challenge of an inclusive and equitable carbon-neutral future. Earlier this year, the business launched EconiQ – its eco-efficient portfolio which delivers a superior environmental performance compared to conventional solutions. Its EconiQ high-voltage offering is proven to significantly reduce the carbon footprint throughout the total life-cycle. The business also recently launched a portfolio of transformer products for offshore floating applications, designed to overcome the challenging offshore environment and efficiently harvest and integrate wind into the global energy system, directly supporting the transition to a sustainable energy future.
Hitachi Energy has placed sustainability at the heart of its purpose:
- Advancing a sustainable energy future for all.
- Advancing the world’s energy system to be more sustainable, flexible and secure.
Through its Sustainability 2030 strategic plan, it is addressing the urgency of the global energy transition and has set clear targets in: Planet, People, Peace and Partnerships. Hitachi Energy has set targets to become carbon-neutral in its own operations and it expects to hit the first-step target achieving 100% fossil-free electricity in its own operations by 2022.
Hitachi Energy reflects the rapidly evolving energy landscape and the opportunity to create economic, environmental and social value. The brand name enables the business to effectively position its pioneering technologies and services to existing and future customers expanding beyond the grid – opening up a breadth of opportunities in areas such as sustainable mobility and smart life.
The business formally registered Hitachi Energy Ltd. on June 30, 2021, and is currently undertaking the formal process for the change of names globally, with the exception of China where the business will transition at a later date. Hitachi, Ltd. has an 80.1% stake in the joint venture which started operations on July 1, 2020, and ABB Ltd. holds the balance.
News item from Hitachi Energy
Filed Under: News
