Hitachi Energy has announced a significant investment of over $1.5 billion to expand its global transformer manufacturing capacity. This strategic move aims to meet the accelerating global demand for transformers and support long-term electrification and energy transition plans. The investment will create over 4,000 new jobs and spans regions across Europe, the Americas, and Asia.

A major part of this expansion includes around $180 million for the construction of a new state-of-the-art transformer factory in Finland's Vaasa region. The 30,000-square-meter campus showcases Hitachi Energy's commitment to innovation, quality, and environmental stewardship, serving as a key location for clean technology development in renewables and industrial electrification.

The investments will gradually increase the company's global transformer capacity by 2027, complementing previously announced investments such as the recent $30 million expansion in Bad Honnef, Germany. Additional projects are underway in various locations including South Boston, Virginia, Jefferson City, Missouri, and Dos Quebradas, Colombia.

Managing Director of the Transformers Business at Hitachi Energy, Bruno Melles, expressed excitement about the investment, emphasizing the importance of digitalization and technology in delivering sustainable and reliable solutions. He noted the company's dedication to addressing customers' mid- and long-term needs in this growing market.

With a vision to become carbon-neutral by 2030, Hitachi Energy aims to leverage its global footprint and advanced technology to drive innovation and facilitate the decarbonization of energy systems. The company's continued investments in digital and service capabilities also support utilities and industries in operating and maintaining their electrical assets efficiently.

Source: hitachienergy.com