Hitachi Energy and Ørsted have agreed a strategic partnership on offshore wind electrical systems.
Hitachi Energy said the partnership is designed to shorten lead times and support a lower levelized cost of energy for large-scale offshore wind projects.
Ørsted added the agreement establishes a competitive business model to support efficient and predictable project execution.
The partnership covers delivery of integrated onshore and offshore electrical solutions with a focus on standardisation, modularisation, effective tendering and long-term service.
Through closer collaboration, the companies aim to streamline planning and delivery of offshore wind electrical systems and create cost efficiencies ahead of final investment decisions.
“We’re delighted to once more partner with Hitachi Energy. Offshore wind plays an increasingly important role in providing secure and affordable energy,” said Patrick Harnett, chief construction officer at Ørsted.
“Long-term agreements like this create clarity and security of supply, and support Ørsted’s ambition to reduce the cost of offshore wind.”
“As electricity demand continues to accelerate, the ability to deliver secure, affordable, and reliable power depends increasingly on how projects are planned and executed,” said Niklas Persson, executive vice president and CEO of grid integration business unit at Hitachi Energy.
“Execution models that improve coordination across the value chain and support predictable, end-to-end delivery are becoming essential.”
The companies said the partnership addresses challenges including long lead times, increasing project complexity, supply-chain constraints and rising costs.
Ørsted and Hitachi Energy aim to establish a scalable, repeatable and affordable model for offshore wind project execution across markets.