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 PRESS RELEASE

Hitachi Energy to invest additional $1.5 billion to ramp up global tra...

Hitachi Energy to invest additional $1.5 billion to ramp up global transformer production by 2027 Capacity expansion will increase speed to market to meet accelerating global demand, address long-term customer investments and create over 4,000 jobs -- Investments span across Europe, the Americas, and Asia leveraging existing global footprint -- Around $180 million in a new state-of-the-art transformer factory in Finland, a key location for clean technology development for renewables and industrial electrification Zurich, April 23, 2024 (GLOBE NEWSWIRE) -- Hitachi Energy today reveal...

 PRESS RELEASE

Hitachi Energy to accelerate introduction of HVDC technology with Grid...

Hitachi Energy to accelerate introduction of HVDC technology with Grid United for transmission projects to strengthen US power grid Large HVDC systems will interconnect eastern and western regional power grids, dramatically boosting nationwide transmission capacity -- Innovative collaboration announced at CERAWeek will secure supply chain to accelerate the energy transition Houston, Zurich, March 20, 2024 (GLOBE NEWSWIRE) -- Today at CERAWeek, Hitachi Energy and Grid United, an independent electrical transmission company, announced a collaboration to deliver high-voltage direct current ...

 PRESS RELEASE

Hitachi and Penske launch large-scale electric truck charging pilot

Hitachi and Penske launch large-scale electric truck charging pilot Hitachi Energy’s Grid-eMotion® Fleet solution supports high-capacity charging for electric vehicles at major commercial truck depot in Stockton, California and paves way for sustainable transportation California, March 19, 2024 (GLOBE NEWSWIRE) -- . (Hitachi), , and today announced the launch of a large-scale, centralized electric truck charging solution. This groundbreaking project supports Penske’s electric truck deployments for its customers in the Stockton, California area.  For this pilot initiative, Hitachi E...

 PRESS RELEASE

Hitachi Energy to appoint Andreas Schierenbeck as new Chief Executive ...

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 prod...

 PRESS RELEASE

Hitachi Energy invests over 30 million euros to expand transformer ope...

Hitachi Energy invests over 30 million euros to expand transformer operations in Germany The expansion and modernization of the power transformer manufacturing facility in Bad Honnef will generate up to 100 new jobs in the region. Set for completion in 2026, the investment expands the company's global footprint and capacity at speed, addressing the accelerating demand for transformers to meet Europe’s energy transition. Zurich, Switzerland, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Hitachi Energy today announced an investment of more than 30 million euros (approx. $32 million) in the expansion ...

 PRESS RELEASE

Hitachi Energy completes acquisition of COET

Hitachi Energy completes acquisition of COET Strategic acquisition adds advanced power electronics technology and production capacity for electric vehicle charging infrastructure and other grid edge applications Zurich, Switzerland, Jan. 10, 2024 (GLOBE NEWSWIRE) -- Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, announced today that it has completed the acquisition of COET, a leading designer and manufacturer of power equipment for electric mobility, rail, and industry, based in the greater Milan area of Italy. The acquisition strengthe...

 PRESS RELEASE

Hitachi Energy passes 150 GW in HVDC links integrated into the power s...

Hitachi Energy passes 150 GW in HVDC links integrated into the power system, expands capacity to meet accelerating energy transition demand • $3 billion investment globally, in manufacturing and engineering footprint, R&D and partnerships • Workforce expansion with more than 8,000 people hired • 150 GW of HVDC links integrated into the power system by Hitachi 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 enabled more than 150-gigawatts (GW) ...

 PRESS RELEASE

Hitachi Energy acquires eks Energy

Hitachi Energy acquires eks Energy Strategic acquisition adds advanced power electronics and energy management software capabilities to meet accelerated, global demand for battery energy storage solutions 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...

Pelham Smithers
  • Pelham Smithers

PSA Global Semiconductors: Opportunities & Risks from the AI Chip Boom

This report looks at the potential for the AI chip market and at who the winners and losers might be.

 PRESS RELEASE

Partnership Forged to Accelerate the Energy Transition: Hitachi Energy...

Partnership Forged to Accelerate the Energy Transition: Hitachi Energy and Google Cloud Combine Energy and Digital Expertise to Advance Sustainability Initiatives First solution from partnership delivers comprehensive Energy Planning and Trading data. Advanced data analytics, generative AI drives faster, more complete view of energy information. 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 so...

Pelham Smithers
  • Pelham Smithers

PSA Industrial Electronics: Hitachi (6501 JT) a Beneficiary of US Powe...

Much has been made of the AI frenzy induced by ChatGPT and fuelled by Nvidia’s July quarter revenue projection three months ago. Much less has been made of which companies sees an advantage to their business from the increased availability of AI tools and chips. Pelham Smithers investigates.

Pelham Smithers
  • Pelham Smithers

PSA Industrial Electronics: Hitachi (6501 JT), Bill Schmarzo and Data ...

Hitachi's strong orders for its rail and power grid businesses suggests that the firm is well on the way to being a true data driven company. This report looks at the background to this development, the teachings of Bill Schmarzo, Hitachi's implementations of those teachings, and where Hitachi now finds itself.

 PRESS RELEASE

Hitachi Energy selected as preferred technology provider for the longe...

Hitachi Energy selected as preferred technology provider for the longest HVDC link in the UK HVDC interconnection to secure power transmission and support new renewable electricity generation with the country’s largest electricity transmission project 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 interco...

 PRESS RELEASE

Hitachi Energy wins order for first subsea electricity interconnection...

Hitachi Energy wins order for first subsea electricity interconnection between France and Spain HVDC link improves the security and quality of power in the region, advancing the integration of emission-free energy 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 Eléctrica) and French (RTE) electricity transmission networks, in charge...

 PRESS RELEASE

Hitachi Energy signs agreements with ENOWA and Saudi Electricity Compa...

Hitachi Energy signs agreements with ENOWA and Saudi Electricity Company to design and develop the first phase of visionary NEOM region transmission system Collaboration to accelerate the development of NEOM in Saudi Arabia with up to 9 gigawatts of power transmission capacity 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 su...

 PRESS RELEASE

Hitachi Energy, the partner of choice for largest-ever HVDC wind energ...

Hitachi Energy, the partner of choice for largest-ever HVDC wind energy project in U.S. The SunZia Transmission Project, enabled by HVDC Light®, links New Mexico’s wind farms to Arizona’s grid, increasing renewable energy to the Western States. Zurich, Switzerland, May 04, 2023 (GLOBE NEWSWIRE) -- Zurich, Switzerland, May 4, 2023 – Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, has been selected by Pattern Energy to supply its high-voltage direct current (HVDC) and other advanced technologies for the SunZia Transmission Project. It will...

 PRESS RELEASE

Hitachi Energy and Petrofac secure landmark offshore wind agreement wo...

Hitachi Energy and Petrofac secure landmark offshore wind agreement worth approximately 13 billion euros Largest framework agreement in Hitachi Energy company history, enabling long-term capacity expansion to accelerate the energy transition.Complementary technologies and expertise support TenneT’s offshore wind capacity expansion in the German and Dutch sectors of the North Sea. Zurich, Switzerland, March 30, 2023 (GLOBE NEWSWIRE) -- Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, and Petrofac, a leading international service provider t...

Pelham Smithers
  • Pelham Smithers

PSA Industrials / Capital Goods: Hitachi (6501 JT) – Value Regained

Pelham Smithers is impressed by Lumada's prospects and developments in the Green Energy / Mobility business lines. This should support FY23 earnings. At the same time, the shares have regained their value.

 PRESS RELEASE

Hitachi Energy awarded major orders to integrate two large offshore wi...

Hitachi Energy awarded major orders to integrate two large offshore wind farms with Poland’s power grid Grid connection and power quality solution for the MFW Baltyk II and MFW Baltyk III offshore wind farms will help Poland progress towards its renewable energy goal and provide emission-free electricity for more than 2 million Polish homes. Zurich, Switzerland, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Zurich, Switzerland, January 9, 2023 – Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, today announced it has won two major orders from Equinor ...

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