1. Hitachi Energy is investing over $1.5 billion to expand its global transformer manufacturing capacity.
2. The investments will increase capacity at facilities in Europe, the Americas, and Asia by 2027.
3. Hitachi Energy is building a new transformer factory in Finland and expanding existing facilities in the US, Germany, China, Vietnam, and Australia to meet growing demand for sustainable energy solutions.
Hitachi Energy has announced investments of over $1.5 billion to expand its global transformer manufacturing capacity to meet increasing demand. The investments will be spread across operations in Europe, the Americas, and Asia, with plans to increase capacity by 2027. A new $180 million transformer factory is also set to be built in Finland by 2027.
Bruno Melles, managing director of the transformers business at Hitachi Energy, highlighted the unprecedented growth in demand for transformers and electrical equipment, prompting the company to invest in addressing customer needs for the long term. The company is focusing on expanding its global footprint, embracing digitalization and advancing technology to deliver sustainable and reliable solutions.
Hitachi Energy’s transformer facility expansions include projects in the US, Colombia, China, Vietnam, Australia, and Germany. The company aims to accelerate the energy transition by investing in sustainable energy solutions and driving innovation for a carbon-neutral future. Transformers play a crucial role in the power value chain, facilitating the efficient transmission and distribution of electricity for various applications such as integrating renewables, grid interconnections, data centres, and transportation electrification.
As the world’s largest transformer manufacturer, Hitachi Energy plans to support its goal of becoming carbon-neutral by 2030 through these investments. The company, which employs over 17,000 people globally in its transformer business, intends to add 4,000 new jobs to the industry to meet growing demand.