Hitachi Energy Unveils $9B Global Investment Plan
Hitachi Energy has announced plans to invest more than $9 billion globally across manufacturing, engineering, digital technologies, research and development, and partnerships. The announcement was made during Hitachi Ltd.'s recent Investor Day.
As part of the strategy, the company expects to create over 15,000 jobs by 2027. It has set a revenue growth target, aiming to increase from $16 billion in 2024 to $30 billion by 2030.
Hitachi Energy operates in areas including transformers, high-voltage products, grid integration, grid automation, and energy services. The company attributes the scale of the investment to increasing global demand for electrification infrastructure and supporting technologies.
Andreas Schierenbeck, CEO of Hitachi Energy, stated: "We are entering the era of electrification, a historic shift that will massively expand the global electrification market. This surge in demand calls for our bold investments and breakthrough innovations that will shape the energy systems of tomorrow."
Currently, more than 3 billion people rely on Hitachi Energy's technologies for their power needs, a figure the company expects to grow as global electrification accelerates.
