Hitachi Energy is to commit more than $1bn in ramping up its global transformer manufacturing capacity to keep pace with the growing demand and support electrification efforts.
The $1.5bn of investments will gradually expand the company’s global transformer capacity by 2027 and are in addition to the $3bn already announced to progress on the electrification of the energy system driven by the energy transition.
“The demand for transformers and electrical equipment has grown at an unprecedented scale, and we are investing to address our customers’ mid- and long-term needs.
“We are developing our global footprint and capacity and progressing in digitalisation and technology to deliver even more sustainable and reliable solutions,” said Bruno Melles, Managing Director of the Transformers Business at Hitachi Energy, during the company’s flagship customer event, Energy & Transformers Days in Rome, Italy.
Today, the company is also announcing an investment of around $180m in a new transformer factory in the Vaasa region, Finland.
The investments complement Hitachi Energy’s broader growth efforts, which include the recently announced larger than $30m million expansion in Bad Honnef, Germany.
“Our global investments, including the new transformer campus in Finland, underline our commitment to co-create with our utility and industry customers and partners the path to accelerate the energy transition.
“By strategically leveraging our global footprint, technology, and the expertise of our teams, we are not only poised to meet the global demand for sustainable energy solutions but also to drive the innovation necessary for a carbon-neutral future,” Melles added.