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Hitachi Energy to invest additional $4.5 billion by 2027 to accelerate the clean energy transition

Zurich, Switzerland, June 07, 2024 (GLOBE NEWSWIRE) — Hitachi Energy will invest an additional $4.5 billion in manufacturing, engineering, digital, R&D and partnerships by 2027, doubling the investments done in the last three years. This complements the recently announced $1.5 billion investment in April this year to ramp up global transformer production.

These investments will enable the company to meet customers' commitments and market demand, increasing its global R&D, engineering and manufacturing capacity of transformers, high–voltage direct current (HVDC) and high–voltage products. It will also support the deployment of power electronics–based solutions, grid automation and software solutions, and services in line with the Hitachi Energy 2030 Plan.  Investments will also go into partnerships, supply chain, digitalization and automation, which are enablers to support capacity expansion and increase speed to market.

Electrification is pivotal to achieving Net–Zero goals and the energy transition requires innovative software solutions and services and a significant increase in the production of critical technologies for an expanded electricity grid. Integrating more renewable energy sources like solar and wind, alongside meeting the electrification demands of transport, buildings, industry, and other sectors, necessitates a secure and flexible grid infrastructure. According to IEA, the increased usage of Gen AI and the ever–growing quantity of digital data requires an expansion of data centers and the global electricity demand from data centers and AI could double towards 2026.

The company also announced today that it is investing around $330 million to expand and modernize its flagship factory in Ludvika and a new campus in Vasteras, Sweden, across all product portfolios. The Ludvika factory, with over 120 years of innovation, manufactures transformers, high–voltage products and HVDC systems, and will expand by more than 30,000 square meters. This will especially enable new manufacturing capacity of large transformers to meet the deliveries of key HVDC projects. A new campus in Vasteras will accommodate 1,800 employees, including an R&D center and a state–of–the–art production facility for grid automation. The workforce in Sweden will additionally grow by 2,000 to support the accelerating energy transition.

According to the IEA Report in October 2023: The recent clean energy progress we have seen in many countries is unprecedented and cause for optimism, but it could be put in jeopardy if governments and businesses do not come together to ensure the world’s electricity grids are ready for the new global energy economy that is rapidly emerging. This report shows what’s at stake and needs to be done. We must invest in grids today or face gridlock tomorrow.

“Electricity will be the backbone of the entire energy system and the change is happening faster than many thought possible. New business models, harmonization of designs, along with partnerships are key drivers for the increase in the pace of change,” said Claudio Facchin, CEO, Hitachi Energy. “The world is in a race to transform energy systems. Technology is not the bottleneck and electrification is creating unprecedented demand for power grids systems combined with digital solutions and services. As the market leader, we are responding with an unprecedented level of investment, people and innovation to meet that demand.”

Just in the last month, key HVDC projects were announced that are urgently needed to meet rapidly growing market demand. Underpinned by new scalable business models pioneered by Hitachi Energy, framework agreements were signed with RTE in France, RWE in Germany, Marinus Link in Australia, in addition to a service contract with Pattern Energy in the US. The company also announced the Sa.Co.I.3 interconnection between Italy and France, another industry–leading multi–terminal solution. 

Governments, industries, and consumers are accelerating the switch from fossil energy to electricity to power transport, building heating and cooling, and industrial processes. Decision–makers and operators require real–time grid data for insights and collaboration. Digitally enabled transformers, switchgear, substations, converter stations, Lumada Asset Performance Management and digital twin data platforms like IdentiQ™ are critical for a more sustainable, flexible, and secure energy system. The company is also leveraging synergies between Hitachi Energy and Hitachi Digital to provide the unique position across IT, OT, product and service capabilities to support our customers throughout the entire lifecycle.

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About Hitachi Energy 
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We are advancing the world’s energy system to be more sustainable, flexible and secure and we collaborate with customers and partners to enable a sustainable energy future – for today’s generations and those to come. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries, serving customers in utility, industry, transportation, data centers and infrastructure sectors. With innovative technologies and services including the integration of more than 150 gigawatts of HVDC links into the power system, we help make the energy value chain more efficient, making electricity more accessible to all. Together with stakeholders across sectors and geographies, we enable the digital transformation required to accelerate the energy transition towards a carbon–neutral future. Headquartered in Switzerland, we employ around 45,000 people in 90 countries and generate business volumes of around $13 billion USD.
https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://twitter.com/HitachiEnergy

About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the 3 business sectors of “Digital Systems & Services” – supporting our customers’ digital transformation; “Green Energy & Mobility” – contributing to a decarbonized society through energy and railway systems, and “Connective Industries” – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co–creation with our customers. The company’s revenues as 3 sectors for fiscal year 2023 (ended March 31, 2024) totaled 8,564.3 billion yen, with 573 consolidated subsidiaries and approximately 270,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.

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GLOBENEWSWIRE (Distribution ID 9150425)

Hitachi Energy supports long-term operation of largest HVDC-connected wind energy project in U.S.

Zurich, Switzerland, May 07, 2024 (GLOBE NEWSWIRE) — Hitachi Energy announced that it has signed a multi–year agreement with Pattern Energy to support its high–voltage direct current (HVDC) technologies for the SunZia Transmission Project. The link will connect the 3,515–megawatt (MW) SunZia Wind project in New Mexico to Arizona and Western states, which will be one of the world’s largest transmission links delivering renewable energy.

The long–term agreement will provide service solutions for the SunZia Transmission HVDC link, currently under construction1, owned by Pattern Energy, one of the world’s largest privately–owned developers and operators of renewable energy and transmission projects. Hitachi Energy’s HVDC Light® technology will efficiently transfer and integrate huge volumes of wind power over more than 885 kilometers (550 miles) into the regional power grid. This will significantly increase the availability of sustainable energy for homes and businesses throughout the region when it enters operation, which is expected in 2025.

EnCompass™ is Hitachi Energy’s portfolio of partnership–oriented service offerings, signaling a step–change in life cycle thinking. This order underlines Hitachi Energy’s commitment to trusted long–term partnerships and builds on its proven track record of delivering innovative and reliable energy service solutions 2.

When complete, SunZia Wind will have a total power capacity of 3,515 MW, enough clean, renewable electricity to provide power to approximately three million Americans3. The HVDC link will efficiently transmit up to 3,000 MW of this power west to Arizona. The HVDC Light system will be the largest voltage source converter (VSC) installation in the United States, one of the largest worldwide, and one of the country’s longest HVDC connections.

“We’re proud to be selected once again to provide our unique service expertise to keep the important SunZia link operating at maximum efficiency, performance, and reliability,” said Andreas Berthou, global head of the HVDC business at Hitachi Energy. “With our service solutions, we are building a partnership ecosystem to ensure continued support to the HVDC link throughout its lifetime, delivering cutting edge digital service with sustainability and customer–value at its core.”

“The SunZia transmission and Wind projects provide a roadmap to accelerate the transition to renewable energy,” said Paul Haberlein, VP of Operational Excellence at Pattern Energy. “SunZia will play a vital role in delivering clean and sustainable energy to Western states. Pattern selected Hitachi Energy, a global technology leader, as our partner to engineer, manufacture and maintain the HVDC converter stations after they enter operation.”

Service for an HVDC system includes a wide range of activities and support, including scheduled maintenance, cyber services, on–site engineering support and life cycle assessment of the HVDC Light stations.

Hitachi Energy recognizes that the energy transition begins with existing infrastructure and the company is championing the urgency and the pace of change needed to reach Net Zero.  Leveraging on the company’s century of experience and expertise, its dedicated teams deliver exceptional service solutions that cover the entire life cycle of their customer’s assets, ensuring resilient operations. The company offers expert advice at every stage of the process across the whole portfolio, addressing both present and future needs to help customers achieve a sustainable energy future.

Hitachi Energy pioneered commercial HVDC technology 70 years ago and has delivered more than half of the world’s HVDC projects and has the largest installed base of HVDC in the world.

Notes to editors

1 https://www.hitachienergy.com/se/sv/about–us/customer–success–stories/sunzia
2 https://www.hitachienergy.com/services–and–consulting/services/encompass–agreements
3 https://sunzia.net/impact/

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About Hitachi Energy 
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We are advancing the world’s energy system to be more sustainable, flexible and secure and we collaborate with customers and partners to enable a sustainable energy future – for today’s generations and those to come. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries, serving customers in utility, industry, transportation, data centers and infrastructure sectors. With innovative technologies and services including the integration of more than 150 gigawatts of HVDC links into the power system, we help make the energy value chain more efficient, making electricity more accessible to all. Together with stakeholders across sectors and geographies, we enable the digital transformation required to accelerate the energy transition towards a carbon–neutral future. Headquartered in Switzerland, we employ around 45,000 people in 90 countries and generate business volumes of around $13 billion USD. 

https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://twitter.com/HitachiEnergy

About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the 3 business sectors of “Digital Systems & Services” – supporting our customers’ digital transformation; “Green Energy & Mobility” – contributing to a decarbonized society through energy and railway systems, and “Connective Industries” – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co–creation with our customers. The company’s revenues as 3 sectors for fiscal year 2023 (ended March 31, 2024) totaled 8,564.3 billion yen, with 573 consolidated subsidiaries and approximately 270,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.

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GLOBENEWSWIRE (Distribution ID 9112623)

Hitachi Energy to invest additional $1.5 billion to ramp up global transformer production by 2027

Zurich, April 23, 2024 (GLOBE NEWSWIRE) — Hitachi Energy today revealed investments of over $1.5 billion to ramp up its global transformer manufacturing capacity to keep pace with the growing demand and support the long–term plans and electrification efforts.

The investments will gradually expand the company’s global transformer capacity by 2027 and are in addition to the $3 billion 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 digitalization 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 $180 million in a new state–of–the–art transformer factory in the Vaasa region, Finland. This top–notch 30,000–square–meter campus will be a testament to Hitachi Energy's dedication to innovation, quality, and environmental stewardship.

The investments complement Hitachi Energy's broader growth efforts, which include the recently announced larger than $30 million expansion in Bad Honnef, Germany. Leveraging the company’s global footprint, additional investments will follow in Europe, the Americas, and Asia to meet the growing demand for power and distribution transformers.

Hitachi Energy’s transformer facility expansions include the ongoing project in South Boston, Virginia, US, and other recently completed projects at Jefferson City, Missouri, US, and Dos Quebradas, Colombia. In addition, the company has inaugurated new cutting–edge factories in Chongqing, China, and Hanoi, Vietnam, together with a new transformer service center in Welshpool, Australia.

“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.

Transformers play a key role across the power value chain, enabling efficient transmission and distribution of electricity. They are a key component for applications such as integrating renewables, grid interconnections, powering data centers and electrifying transportation, facilitating the decarbonization of energy systems.

Hitachi Energy is the world's largest transformer manufacturer in terms of installed base, portfolio range, manufacturing capacity, and market coverage, with over 60 transformer factories and service centers across the world.

Growing the service and digital capabilities is part of the company's efforts to help utilities and industries operate and maintain their electrical assets. Digitalization enables efficient operations across the whole value chain, enabling reliability–centered asset management programs to help our customers extend the transformers' life cycle, support sustainability, and allow delayed investments in new equipment.

All the announced transformer investments include sustainable and innovative manufacturing technologies for operational efficiency while ensuring high standards for safety and quality. They are advancing the company's efforts to become carbon–neutral by 2030 and aim to create positive economic and social impact in the local communities. Hitachi Energy employs over 17,000 people across the globe in its Transformer business and plans to increase its workforce by adding 4,000 new jobs to the industry.

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About Hitachi Energy
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon–neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. We integrate more than 150 GW of HVDC links into the power system, helping our customers enable more wind and solar. Headquartered in Switzerland, we employ more than 40,000 people in 90 countries and generate business volumes of over $10 billion USD.
https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://twitter.com/HitachiEnergy

About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the business structure of “Digital Systems & Services” – supporting our customers' digital transformation; “Green Energy & Mobility” – contributing to a decarbonized society through energy and railway systems, and “Connective Industries” – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co–creation with our customers. The company's consolidated revenues for fiscal year 2022 (ended March 31, 2023) totaled 10,881.1 billion yen, with 696 consolidated subsidiaries and approximately 320,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.

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GLOBENEWSWIRE (Distribution ID 9104173)

Hitachi Energy to appoint Andreas Schierenbeck as new Chief Executive Officer, Claudio Facchin to step down on June 30, 2024

Zurich, March 07, 2024 (GLOBE NEWSWIRE) — Hitachi Energy today announced that Andreas Schierenbeck will be appointed as the new Chief Executive Officer, effective July 1, 2024. Claudio Facchin, Hitachi Energy CEO, will step down at the end of June 2024. Andreas will engage with the Hitachi Energy Board, Executive Team and Claudio to ensure a smooth transition prior to the handover on July 1, 2024.

Andreas joins Hitachi Energy from HH2E, a new green–hydrogen production company, where he is currently co–founder and board member. He previously worked as CEO of Uniper from 2019 to 2021, where he launched the company’s decarbonization strategy. Prior to that he was the CEO of thyssenkrupp Elevator, where he led the transformation of the company into a global leader leveraging digital technology from 2013 to 2018. Between 1992 and 2012, Andreas held various management positions within Siemens, including President and CEO of Siemens Building Technologies in the US between 2010 and 2012 and Senior Vice President in the Siemens electric utility sector in Switzerland. He holds a Master of Science degree in Electrical Engineering from the TU Dresden and an Advanced Management Certificate from Harvard University in the US. Andreas is a German citizen.   

“I would like to welcome Andreas to Hitachi Energy to lead the next phase of exciting growth for the business. I would also like to express my appreciation to Claudio for his great leadership transitioning and transforming the company over the last four years from the carve–out of ABB's Power Grids business through the Hitachi ABB Power Grids Joint Venture (JV) into Hitachi Energy, a fully–owned subsidiary of Hitachi Group”, said Keiji Kojima, Representative Executive Officer, President & CEO of Hitachi, Ltd. “I look forward to continuing to support Hitachi Energy's growth plan under the leadership of Andreas, and I wish Claudio all the best for the journey ahead.”

“Following a planned transition and a thorough selection process, we have appointed Andreas Schierenbeck as the successor to Claudio Facchin”, said Alistair Dormer, Chair of Hitachi Energy and Executive Vice President, Executive Officer and General Manager of Green Energy & Mobility Strategy Planning Division, Hitachi Ltd. “Claudio can be proud of his four years as CEO, and it has been a pleasure working with him during the past two years, supporting him and the Executive Team to deliver the transformation into Hitachi Energy, the leading power grids technology and solution provider. The Hitachi Energy 2030 growth plan centered around the commitment to continuously invest in innovation and partnerships to serve our customers is a solid foundation to build on, and I look forward to working with Andreas and the entire Hitachi Energy leadership team as we accelerate the delivery of the Hitachi Energy growth plan. Andreas' experience of delivering transformational growth across sectors will help Hitachi Energy to scale growth and synergies with Hitachi.”    

“It's been an honor and a privilege to lead the transition to Hitachi Energy, working alongside the Executive Team and the entire Hitachi Energy organization across the globe”, said Claudio Facchin, CEO of Hitachi Energy. “The authentic passion and unwavering ownership of this team has been a limitless source of energy and motivation for me personally. Together with Hitachi teams, we have worked with customers and partners to advance the world's energy system to be more sustainable, flexible and secure. The extraordinary achievements of Hitachi Energy would not have been possible without the continuous support from Hitachi Group. I look forward to onboarding Andreas, together with the Executive Team and the Board of Hitachi Energy, until the handover on July 1, 2024.”

“I am thrilled to embark on this journey as the new CEO of Hitachi Energy, steering the company towards new horizons in an era of transformation, where the demand for electricity is surging due to the rapid electrification of transport, buildings, and industries”, said Andreas Schierenbeck. “It is a profound honor to lead an experienced team so deeply committed to quality, innovation and sustainability as we help our customers and society accelerate towards a greener future. Together, we will continue to expand Hitachi Energy's profitable business, ensuring that our collective efforts contribute significantly to a sustainable and electrified future.”

Hitachi Energy to appoint Andreas Schierenbeck as new Chief Executive Officer

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About Hitachi Energy
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon–neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. We integrate more than 150 GW of HVDC links into the power system, helping our customers enable more wind and solar. Headquartered in Switzerland, we employ more than 40,000 people in 90 countries and generate business volumes of over $10 billion USD.

https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://twitter.com/HitachiEnergy

About Hitachi, Ltd.

Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the business structure of “Digital Systems & Services” – supporting our customers' digital transformation; “Green Energy & Mobility” – contributing to a decarbonized society through energy and railway systems, and “Connective Industries” – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co–creation with our customers. The company's consolidated revenues for fiscal year 2022 (ended March 31, 2023) totaled 10,881.1 billion yen, with 696 consolidated subsidiaries and approximately 320,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.

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GLOBENEWSWIRE (Distribution ID 9059761)

Hitachi Energy passes 150 GW in HVDC links integrated into the power system, expands capacity to meet accelerating energy transition demand

Zurich, Switzerland, Oct. 24, 2023 (GLOBE NEWSWIRE) — Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, announced today that it has enabled more than 150–gigawatts (GW) of high–voltage direct current (HVDC) links around the world integrated into the power system "" sufficient to meet the peak power demand for Japan. The announcement follows the delivery of the first power from Dogger Bank, the world's largest offshore wind development, via the UK's first–time use of HVDC technology on a wind farm.

The company has consistently expanded its capacity to meet accelerating demand driven by the clean energy transition. Since 2020, when Hitachi began its strategic investment, Hitachi Energy has increased its workforce by more than 8,000. Within the same period, the company also invested $3 billion in manufacturing and engineering footprint, and Research & Development (R&D), expanding collaboration and driving the company to become the strategic partner throughout the customers' entire lifecycle.

“Electricity will be the backbone of the entire energy system and will help to drive the clean energy transition. Today's announcement shows how we are enabling our customers to accelerate the development of the power grids that energy system requires,” said Claudio Facchin, CEO of Hitachi Energy.

The continuing investments are in line with the Hitachi Energy 2030 Plan and Hitachi's Mid–term Management Plan 2024.

Investments in the three focus areas of Hitachi Energy 2030 Plan:

1. Continuously strengthening the power grid core business
The company has invested heavily in expanding capacity and new hires across the globe in Europe, the Middle East and Africa, North and South America, and Asia Pacific. Examples from this year alone are the power quality factory and the global technology and innovation center in India, and the transformer factory in China. In addition, it has recently invested in Sweden, Switzerland, and the US.

Investments in R&D
Sustainable solutions: EconiQ contains no sulfur hexafluoride (SF6) proven to significantly reduce carbon footprint throughout the entire life cycle. Next–generation power semiconductors like RoadPak for e–Mobility. Digital technologies like Lumada Asset Performance Management and IdentiQ for HVDC and power quality.

2. Doubling efforts on digital and services and expansion at the edge of the energy system
Digitalization and Service: The new generation of Lumada Asset Performance Management software solution features advantages of Artificial Intelligence; the acquisition of majority stake in eks Energy, a power conversion technology provider to enhance storage and flexibility at the edge of the energy system.

3. Innovation, synergies, partnerships, and M&A to accelerate growth
Increasingly strong collaborations have led to new business models, framework agreements for capacity reservation, and global standards, allowing for better planning to meet demands. Some key projects enabled by the company's technologies are Champlain Hudson Power Express, TenneT's 2GW Program, and Project Lightning, a first–of–its–kind subsea power transmission project.

The IEA report, "Electricity Grids and Secure Energy Transitions" states that grid investment needs to nearly double by 2030 to over $600 billion per year after stagnation at the global level, and building out of grids requires a secure supply chain and a skilled workforce.

Rapid electrification of transport, buildings, and industries is increasing the demand for secure, sustainable, and flexible electricity globally. The company is committed to continuously strengthening its business toward the forecast of the 2050 energy system; where it sees an installed global power generation capacity of four times today and a transfer of electrical energy, which is three times compared to what it is today.

"Since we started the journey with Hitachi in July 2020, we have been able to accelerate our growth and expansion, also leveraging synergies across Hitachi Group," Facchin added. "With more than a century of energy expertise, combined with digitalization as an enabler, we can scale at pace and provide innovative services and solutions to our customers. As Hitachi, we have a unique position across IT, OT and product capabilities to support our customers throughout the entire lifecycle."

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About Hitachi Energy Ltd.
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon–neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of over $10 billion USD.
https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://twitter.com/HitachiEnergy

About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the business structure of "Digital Systems & Services" – supporting our customers' digital transformation; "Green Energy & Mobility" – contributing to a decarbonized society through energy and railway systems, and "Connective Industries" – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co–creation with our customers. The company's consolidated revenues for fiscal year 2022 (ended March 31, 2023) totaled 10,881.1 billion yen, with 696 consolidated subsidiaries and approximately 320,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.

Attachments


GLOBENEWSWIRE (Distribution ID 8964623)

Hitachi Energy acquires eks Energy

Zurich, Switzerland, Oct. 24, 2023 (GLOBE NEWSWIRE) — Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, announced today that it has acquired a controlling stake of eks Energy, a leading supplier of power electronics and energy management solutions for storage and renewables integration, based in Seville, Spain, from Powin LLC (Powin), a top global energy storage system provider. The investment also marks the establishment of a strategic partnership with Powin, who maintains a significant ownership stake in eks Energy.

As the world transitions to more renewable energy sources, the global demand for battery energy storage systems (BESS) continues to surge and is expected to grow more than 20 percent per year through 20301. By combining eks Energy's power electronics and advanced control capabilities with its own highly complementary automation, software, and system integration offerings, Hitachi Energy fortifies its position as a leading–edge technology provider to the renewables and BESS market. With the strategic partnership, Hitachi Energy and Powin aim to apply the strength of the two firms to develop power conversion products specifically designed for the next generation of energy storage systems.

"Hitachi Energy has been an innovative force in the BESS and microgrid space for more than 30 years, and this strategic acquisition demonstrates our continued commitment to deliver the most advanced and proven solutions for our customers," said Massimo Danieli, Managing Director for the Hitachi Energy Grid Automation Business Unit. "The market, including leading BESS system integrators, has made it clear that it needs and wants energy solutions powered by best–in–class power electronics integrated with control and digital capabilities. New applications and use cases are emerging every day, driven by the ever–increasing need for integration of renewable resources in the grid and electrification at the grid edge. eks Energy has an impressive product deployment footprint in North America and Europe, and under Powin has further extended their global reach. With this significant addition to our portfolio, Hitachi Energy is ready to address the demands of the fast–growing global BESS market with speed and scale."

"This strategic investment marks a significant milestone in the energy storage industry, as it paves the way for Hitachi, Powin and eks Energy to align their strengths in exploring new opportunities on a global scale as well as an ability to better serve new and existing customers," said Jeff Waters, CEO of Powin. "We are proud of what we have already developed with eks Energy, including one of the world's largest battery projects in history, the Waratah Super Battery (WSB) where eks Energy's unrivaled power conversion systems are able to meet the Australian grid operators' high standards of performance. We look forward to continuing to work with eks Energy and Hitachi Energy to bring more projects like WSB to the world."

The addition of eks Energy to the Hitachi Energy portfolio demonstrates accelerated traction on the company's 2030 strategic growth plan. Hitachi Energy is continuously strengthening its power grids core business while advancing the world's energy system to be more sustainable, flexible and secure. This acquisition increases our core capabilities at the edge of the grid including digital, power electronics and services, toward the larger goal of advancing a sustainable energy future for all.

Nomura Greentech acted as exclusive financial advisor and Shearman & Sterling acted as legal advisor to Hitachi Energy.

Footnotes
1 From BNEF 1H 2023 Energy Storage Market Outlook

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About Hitachi Energy Ltd.
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon–neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of over $10 billion USD.
https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://twitter.com/HitachiEnergy

About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the business structure of "Digital Systems & Services" – supporting our customers' digital transformation; "Green Energy & Mobility" – contributing to a decarbonized society through energy and railway systems, and "Connective Industries" – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co–creation with our customers. The company's consolidated revenues for fiscal year 2022 (ended March 31, 2023) totaled 10,881.1 billion yen, with 696 consolidated subsidiaries and approximately 320,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.

About Powin
At Powin, we are advancing the next frontier of energy and changing the way we power our daily lives by ensuring access to clean, resilient, and affordable power. As a global energy platform provider, we offer fully integrated battery storage solutions, software, and services to optimize grid performance and enable the transition to cleaner energy sources. To date, Powin has deployed over 3,200 MWh of battery systems worldwide with 11,900 MWh under construction. To learn more, please visit www.powin.com

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GLOBENEWSWIRE (Distribution ID 8964622)

Partnership Forged to Accelerate the Energy Transition: Hitachi Energy and Google Cloud Combine Energy and Digital Expertise to Advance Sustainability Initiatives

Zurich, Switzerland, Aug. 24, 2023 (GLOBE NEWSWIRE) — Hitachi Energy, a global technology leader advancing a sustainable energy future for all, and Google Cloud have signed a strategic agreement to collaborate and co–create on multiple cloud software products and services designed to support the global energy transition. The first demonstration of the joint value of the relationship, Hitachi Energy's Velocity Suite Power Prices, is now available on the Google Cloud Marketplace.

The launch of Velocity Suite Power Prices marks the first milestone in the Google Cloud and Hitachi Energy collaboration and signals how the organizations together will address growing market and customer needs for cloud–based solutions that drive the energy transition. Global developers, operators of renewable generation and battery energy storage systems (BESS), as well as traditional generators, traders, and energy market participants can use the data from Velocity Suite Power Prices to make better, faster decisions about energy projects and investments in North America."

Velocity Suite Power Prices, derived from Hitachi Energy's industry–leading Velocity Suite application, is a new API–based application that gives global customers easy access to North American energy market intelligence. It informs, guides and accelerates planning and revenue analyses for transformative grid and renewable energy projects. The computing power of Google Cloud technology is instrumental in automating and consolidating the extensive dataset of Velocity Suite Power Prices.

Google Cloud and Hitachi Energy will continue to work together to address growing market and customer needs for cloud–based solutions for the energy transition. The collaboration will draw on Hitachi Energy's Energy Portfolio Management (EPM) solutions combined with Google Cloud's data analytics capabilities, artificial intelligence (AI)/machine learning (ML) services, and scalable and secure infrastructure, to develop and deploy new, innovative solutions for electric utilities and renewable energy producers. Continuing to offer Hitachi Energy's solutions on the Google Cloud Marketplace is driven by a common goal in the energy industry to drive toward outcomes that increase revenue, capitalize on market opportunities, and reduce costs and risk.

"Data and analytics are at the center of the energy transition and play a critical role in the evolving grid," said Massimo Danieli, Managing Director, Grid Automation for Hitachi Energy. "Our customers worldwide have asked for solutions that help them achieve sustainability goals and business outcomes at speed and scale. Delivering Velocity Suite Power Prices through our partnership with Google Cloud helps global customers accelerate decision making, optimize investments, and digitally transform their own businesses."

"By delivering Velocity Suite Power Prices on Google Cloud, Hitachi Energy is enabling customers to deploy its platform on trusted, sustainable infrastructure and helping them better utilize massive amounts of data on their journeys to become more profitable and sustainable businesses," said Roi Tavor, Managing Director at Google Cloud. "Sustainability is a driving factor behind many organizations' digital transformations, and we're proud to partner with Hitachi Energy to help global businesses operate responsibly and sustainably."

Notes for Editors:

About Hitachi Energy

Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon–neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of over $10 billion USD.

https://www.hitachienergy.com

https://www.linkedin.com/company/hitachienergy

https://twitter.com/HitachiEnergy

About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the business structure of "Digital Systems & Services" – supporting our customers' digital transformation; "Green Energy & Mobility" – contributing to a decarbonized society through energy and railway systems, and "Connective Industries" – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co–creation with our customers. The company's consolidated revenues for fiscal year 2022 (ended March 31, 2023) totaled 10,881.1 billion yen, with 696 consolidated subsidiaries and approximately 320,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com. [AP1]

Media Contacts

Hitachi Energy

Jocelyn Chang

Global Head of Public Relations & Content Strategy

media.relations@hitachienergy.com

Google Cloud

press@google.com

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GLOBENEWSWIRE (Distribution ID 8900435)

Hitachi Energy selected as preferred technology provider for the longest HVDC link in the UK

Zurich, Switzerland, July 26, 2023 (GLOBE NEWSWIRE) — Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, today announced it has been selected as preferred technology provider of SSEN Transmission and National Grid, to supply two high–voltage direct current (HVDC) converter stations to interconnect the Scottish and English power grids.

The energy transition requires a collaborative effort that can only be achieved with advanced technologies and new ways of working. In appointing Hitachi Energy as their preferred technology provider, SSEN Transmission and National Grid secure best–in–class technology and future production capacity in a rapidly growing market. For Hitachi Energy, this enables investment in new production capacity and to undertake large–scale recruitment drives. It also strengthens collaboration, standardization of solutions, and synergies between projects.

The integration of renewables requires solutions that make the grid resilient, stable, and flexible. Hitachi Energy's innovation and long development of voltage sourced converter (VSC) power electronics and control and protection (MACH) technologies meet the requirements alongside many other landmark grid integration projects.

Eastern Green Link 2 will consist of two 525–kilovolt (kV) bipole VSC converter stations connected by 440 kilometers of subsea cable and 70 kilometers of underground cable, making it the longest HVDC link in the UK. The link will efficiently supply a total of 2,000 megawatts (MW) of electricity, which is enough to power around two million UK homes.1

The link will help to secure power transmission in the northern UK and support the integration of new renewable electricity generation in Scotland, as part of the UK's Net Zero Strategy.2 As much as 11,000 MW of offshore wind capacity is possible in Scottish waters by 20303, and HVDC transmission will play a large part in bringing this vast amount of renewable power to shore and south, to communities across the country.

"The UK's Net Zero Strategy has ambitious targets which will require vast amounts of new renewable generation. Electricity will be the backbone of the entire energy system," said Niklas Persson, Managing Director at Hitachi Energy's Grid Integration business. “Our pioneering HVDC technology will ensure that this electricity will reliably and efficiently get where it's needed most."

"This is another important milestone for EGL2 which is part of the new network infrastructure required to help the UK meet its net zero and energy security ambitions," said Sarah Sale, Deputy Project Director of National Grid. "Along with cabling bidder and formal joint venture announcements, this is another key part of the project which is now in place and ready for the delivery phase. We look forward to working in collaboration with Hitachi Energy and BAM as the project continues to progress."

"The converter stations at either end of the cable will play a crucial role in making the power transported subsea suitable for transportation around the onshore transmission network – getting Hitachi Energy and BAM in place to deliver that technology is great for the project," said Ricky Saez, the EGL2 Project Director from SSEN Transmission.

"BAM is delighted to work in collaboration with Hitachi Energy on this vital renewable energy project for National Grid and SSEN Transmission," said Huw Jones, Executive Director of BAM Nuttall. "The converter stations will enable the transmission of green energy from areas of offshore wind generation to centers of population, supporting the UK's net zero ambitions and providing better energy security. We look forward to engaging with local communities and suppliers in Aberdeenshire and North Yorkshire, supporting BAM's vision to deliver sustainable infrastructure for our clients, stakeholders, and the communities in which we work."

Hitachi Energy is collaborating with BAM, a construction company that designs, builds, and maintains sustainable buildings and infrastructure, to provide the civil and installation scope for the project. The collaboration with BAM will leverage the core competencies of the two companies to deliver a best–in–class solution for the project.

Hitachi Energy pioneered commercial HVDC technology almost 70 years ago and has delivered more than half of the world's HVDC projects.

1 https://www.nationalgrid.com/electricity–transmission/network–and–infrastructure/segl2
2 https://www.gov.uk/government/publications/net–zero–strategy
3 https://www.gov.scot/publications/offshore–wind–policy–statement/
4 Modular Advanced Control for HVDC (MACH)

HVDC website:

https://www.hitachienergy.com/offering/product–and–system/hvdc

Photo captions:

North Sea Link Blyth Converter Station UK

Eastern Green Link 2

–END–

About Hitachi Energy
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon–neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of over $10 billion USD.
https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://twitter.com/HitachiEnergy

About Hitachi, Ltd.

Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the business structure of "Digital Systems & Services" – supporting our customers' digital transformation; "Green Energy & Mobility" – contributing to a decarbonized society through energy and railway systems, and "Connective Industries" – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co–creation with our customers. The company's consolidated revenues for fiscal year 2022 (ended March 31, 2023) totaled 10,881.1 billion yen, with 696 consolidated subsidiaries and approximately 320,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.

Attachments


GLOBENEWSWIRE (Distribution ID 8881044)

Hitachi Energy wins order for first subsea electricity interconnection between France and Spain

Zurich, Switzerland, June 15, 2023 (GLOBE NEWSWIRE) — Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, today announced it won an order from Electricity Interconnection France–Spain (Inelfe), the joint venture bringing together operators of the Spanish (Red Elctrica) and French (RTE) electricity transmission networks, in charge of the construction and commissioning of all cross–border connections between both countries, to supply four high–voltage direct current (HVDC) converter stations to interconnect France and Spain via a subsea cable across the Biscay Gulf.

The Biscay Gulf interconnection, labeled as project of common interest (PCI) at the European level, will consist of two HVDC links, with a converter station at each end of both systems. Combined, the links will efficiently supply a total of 2,000 megawatts (MW) of electricity at 400 kilovolts (kV) over 400 kilometers (km). Providing the equivalent of the power consumption of more than two million households1, the links will improve the safety, stability, and quality of the electricity supply between the two countries. It will advance the integration of emission–free electricity and create a more efficient system to generate savings that benefit consumers and the rest of Europe.2 Most of the link will be underwater, but a short section of the link cable route will return to land to avoid the deep Capbreton Canyon.

"Cross border, and often subsea, interconnections are vital to Europe's increasingly interconnected grid," said Niklas Persson, Managing Director at Hitachi Energy's Grid Integration business. “Through our pioneering HVDC technology, we enable Inelfe to accelerate the two countries' sustainability goals, improving the safety, stability, and quality of electricity supply between France and Spain and the rest of Europe."

Inelfe (Interconexin Elctrica Francia–Espaa or Electricity Interconnection France–Spain) was set up following the 2008 Zaragoza Agreement, between the governments of Spain and France, with the mission to enhance the exchange of electricity between the two countries. The resulting infrastructure doubled the interconnection capacity between France and Spain from 1,400 MW to 2,800 MW today. With the Biscay Gulf interconnection, the capacity to exchange power will soon reach 5,000 MW.3

In line with its Purpose to champion the urgency of a clean energy transition through innovation and collaboration, Hitachi Energy is collaborating with VINCI, an industry leader in energy and construction. Together the two companies will provide an advanced solution for the Biscay Gulf project by delivering the engineering and power technologies and the construction of the converter stations. The collaboration with VINCI will leverage the core competencies of the two companies to deliver a best–in–class solution for the project.

Note to editors:
Hitachi Energy's HVDC solution combines world–leading expertise in HVDC converter valves; the MACH digital control platform4, converter power transformers and high–voltage switchgear; as well as system studies, design and engineering, supply, installation supervision and commissioning.

HVDC Light is a voltage source converter technology developed by Hitachi Energy, which was launched over 25 years ago. It is the preferred technology for many grid applications, including interconnecting countries, integrating renewables and "power–from–shore" connections to offshore production facilities. HVDC Light's defining features include uniquely compact converter stations and exceptionally low electrical losses.

Hitachi Energy pioneered commercial HVDC technology almost 70 years ago and has delivered more than half of the world's HVDC projects.

1 https://www.odyssee–mure.eu/publications/efficiency–by–sector/households/electricity–consumption–dwelling.html
2 https://www.inelfe.eu/en/projects/bay–biscay
3 https://www.inelfe.eu/en/about–inelfe
4 Modular Advanced Control for HVDC (MACH)

HVDC website:
https://www.hitachienergy.com/offering/product–and–system/hvdc

–END–

About Hitachi Energy
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon–neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of over $10 billion USD.
https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://twitter.com/HitachiEnergy

About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the business structure of "Digital Systems & Services" – supporting our customers' digital transformation; "Green Energy & Mobility" – contributing to a decarbonized society through energy and railway systems, and "Connective Industries" – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co–creation with our customers. The company's consolidated revenues for fiscal year 2022 (ended March 31, 2023) totaled 10,881.1 billion yen, with 696 consolidated subsidiaries and approximately 320,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.

Attachments


GLOBENEWSWIRE (Distribution ID 8858785)

Hitachi Energy signs agreements with ENOWA and Saudi Electricity Company to design and develop the first phase of visionary NEOM region transmission system

Zurich, Switzerland, May 30, 2023 (GLOBE NEWSWIRE) — Hitachi Energy, a global technology leader advancing a sustainable energy future for all, has signed agreements under the supervision and management of the Ministry of Energy with the Saudi Electricity Company (SEC) and with ENOWA. The agreements include the supply of three high–voltage direct current (HVDC) transmission systems to end customer ENOWA, the utility company for NEOM in Northwest Saudi Arabia. Built with sustainability in mind, NEOM is among Saudi Arabia's Giga–Projects1 reshaping the future of development. The three HVDC links will have a total power capacity of up to 9 gigawatts (GW).

The agreements include an order from ENOWA's engineering, procurement and construction management (EPCM) partner, the Saudi Electricity Company (SEC) awarded to Hitachi Energy and its consortium partner, Saudi Services for Electro Mechanical Works (SSEM), to provide one of the world's first 3 GW, 525 kilovolt (kV) HVDC Light transmission system connecting Oxagon, NEOM's regional development, with the larger Yanbu area more than 650 kilometers away in Western Saudi Arabia.

Hitachi Energy's scope of supply includes design, engineering, procurement of HVDC technology and commissioning of the HVDC Light converter stations. Whilst SSEM "" a leading Saudi EPC specialized in power, water and industrial projects "" will design and supply the AC equipment portion and perform the construction and the installation. The converter stations convert the power from AC to DC then back to AC for integration into the receiving grid. The converters will be sourced by and supplied to Saudi Electricity Company, who were contracted in 2022 by ENOWA to act as their EPCM to build this first HVDC system for NEOM.

Further to this, Hitachi Energy and ENOWA have signed an early works and capacity reservation agreement for two additional HVDC projects, each rated up to 3 GW. Under this agreement, both companies commit to having the resources and capacity necessary to implement these two HVDC systems. As part of a new scalable and modular regional network design that is targeted to seamlessly integrate future renewables and energy storage technologies in the NEOM Energy System, making it unique in terms of size and complexity. The co–operation will also explore opportunities to develop local competencies in the Kingdom, including ways to sustainably assemble the necessary HVDC Light components locally.

"We are delighted to strengthen our collaboration with ENOWA and Saudi Electricity Company in order to power one of the most visionary development projects of all time," said Niklas Persson, Managing Director of Hitachi Energy's Grid Integration business. "As the world progresses towards a more sustainable future, our expertise and HVDC technologies are true enablers of the electrification of the global energy system and the transition to renewables."

"By securing the first capacities for such an important part of our future grid in only one year since the decision to use this technology, we show ENOWA's commitment to supporting Saudi Vision 2030 in collaboration with Saudi Electricity Company and Hitachi Energy," said Thorsten Schwarz, Executive Director of Grid Technology & Projects, Energy of ENOWA.

ENOWA, NEOM's energy and water company, produces and delivers clean and sustainable energy for industrial and commercial applications. The company benefits from NEOM's greenfield site and strategic location in the northwestern part of Saudi Arabia, with abundant solar and wind resources. ENOWA will act as a catalyst and incubator for developing new, sustainable energy and water businesses while creating a robust economic sector regionally.

ENOWA seeks by its commitment to renewable energy and efficient water management, to become a global reference for industry leaders and setting a benchmark for sustainable economic circular systems around the world. Formed in 2022, ENOWA is the principal shareholder in the world's largest green hydrogen production plant set to be commissioned in 2026 and will enable NEOM to be a global green hydrogen hub.

NEOM will be powered by 100 percent clean energy, through renewable solar, wind and green hydrogen–based energy. The region is designed to be a blueprint for sustainable urban living with minimal impact on the environment and enhanced livability.

Note to editors:
Hitachi Energy's HVDC solution combines world–leading expertise in HVDC converter valves; the MACH digital control platform2, converter power transformers and high–voltage switchgear; as well as system studies, design and engineering, supply, installation supervision and commissioning.

HVDC Light is a voltage source converter technology developed by Hitachi Energy, which was launched over 25 years ago. It is the preferred technology for many grid applications, including interconnecting countries, integrating renewables and "power–from–shore" connections to offshore production facilities. HVDC Light's defining features include uniquely compact converter stations and exceptionally low electrical losses.

Hitachi Energy pioneered commercial HVDC technology almost 70 years ago and has delivered more than half of the world's HVDC projects.

Hitachi Energy's consulting services assist energy customers in pinpointing their challenges and suggesting customized solutions tailored to their unique requirements. Our consultants operate independently, with a product and system–agnostic approach, possessing in–depth knowledge of global technologies, standards, and local grid codes.

1 Saudi's Giga–Projects
2 Modular Advanced Control for HVDC (MACH)

See also:
Hitachi Energy to supply the first ever large–scale HVDC interconnection in the Middle East and North Africa (2022)
Hitachi Energy and Gulf Cooperation Council Interconnection Authority sign contract to upgrade high–voltage direct current transmission system (2023)

ENOWA website

–END–

About Hitachi Energy
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon–neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of over $10 billion USD.
https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://twitter.com/HitachiEnergy

About Hitachi, Ltd.

Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the business structure of "Digital Systems & Services" – supporting our customers' digital transformation; "Green Energy & Mobility" – contributing to a decarbonized society through energy and railway systems, and "Connective Industries" – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co–creation with our customers. The company's consolidated revenues for fiscal year 2022 (ended March 31, 2023) totaled 10,881.1 billion yen, with 696 consolidated subsidiaries and approximately 320,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.

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GLOBENEWSWIRE (Distribution ID 8848737)