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Energy giant invests $450 Million to expand Swedish operations

10/06/2024, 07:35
Energy giant invests $450 Million to expand Swedish operations
Hitachi factory in Germany. Image: Hitachi
Anna Broberg Anna Broberg
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“Electricity will be the backbone of the entire energy system, and the transition is happening faster than many thought possible,” said Claudio Facchin, CEO of Hitachi Energy. “New business models, design harmonization, and partnerships are critical drivers for increasing the pace of change.”

The century-old Ludvika factory, which manufactures transformers, high-voltage products, and HVDC systems, will gain over 30,000 square meters of new manufacturing space. This will specifically enable increased production capacity for large transformers needed to deliver key HVDC power transmission projects.

In Västerås, a new state-of-the-art campus will house 1,800 employees, including an R&D center and production facility focused on grid automation solutions. Hitachi also plans to grow its Swedish workforce by 2,000 to support the accelerating energy transition.

“The world is racing to transform energy systems. Technology is not the bottleneck, and electrification is creating unparalleled demand for power grid systems combined with digital solutions and services,” Facchin stated.

The translation was written by an AI system, though the original text was authored by a human.

#hitachi energy