Zurich, Switzerland, June 7 (Bernama-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.