Hitachi Energy Rolls Out $250Mn Plans For India

Hitachi Energy Rolls Out $250-Mn Plans for India

Hitachi Energy, a firm working in the energy technology landscape announced that it will invest nearly $250 million USD (INR 2,000 crore) in the country over the next five years to help the company improve its manufacturing capacities, expanded product range in support of the fast-growing demand worldwide for sustainable energy solutions. The investment forms part of a wider $6 billion USD commitment by Hitachi Energy to better manufacturing, R&D, and digital capabilities in major global markets.

The investment in India will focus on a number of key areas, such as the expansion of manufacturing facilities for large power transformers, improvement of testing facilities for special transformers, clean energy environment and shifting the location for the production of bushings. The upgrades are aimed at reinforcing the country’s transmission system to cater to increased energy supply. The company would also upgrade the traction transformer factory to enhance its capacity in relation to modernizing India’s rail transportation system via clean energy methods.

The Energy giant operates in more than 140 countries and has a business focusing on utilities, transportation, and data centers. What the company specializes in is its pioneering technology, especially the integration of high-voltage direct current (HVDC) links into power systems. The HVDC offering makes it one of the few companies worldwide with the technology and experience for multiple trans continental or trans ocean connectors being planned worldwide.

Hitachi also has a range of inverters in its portfolio.