Hitachi Energy goes live: The global technology and market leader in power grids is committed to advancing a sustainable energy future for all

The global technology leader today announced its evolution to Hitachi Energy. Formerly Hitachi ABB Power Grids, the business has renewed its Purpose to‘advancing a sustainable energy future for all’.

Speaking from itsglobal headquarters in Zurich, Switzerland, Claudio Facchin, CEO of Hitachi Energy, commented, “At Hitachi Energy, we are championing the urgency of a clean energy transition, through innovation and collaboration. There are many pathways towards a carbon-neutral future – to tackle this global challenge, we nurture diverse global teams bringing authentic passion and enduring ownership.” He continued, “By 2050, global electrification will near‐double in demand 1 and electricity will be the backbone of the entire energy system.At Hitachi Energy we have pioneer ed many of the technologies needed for advancing a sustainable energy future for all – and we are committed to continue pushing the boundaries of innovation. Delivering on the promise of a carbon-neutral future will take passion, trust and innovation – and the benefits will be for our generations and those to come. With our new name – Hitachi Energy – we are broadening our commitment to creating real impact for our customers andpartners, our people and society.”

The carbon-neutral energy system will be highly interconnected and HVDC2, a technology we have pioneered over 60 years agois one of the keyenablers forbulk renewable energy resources integration and reliable interconnectionacross countries, regions and continents. As the market leader in HVDC, Hitachi Energy iscontributing to many of these interconnections, such as the recently announced award of Saudi Arabia – Egypt HVDC interconnector (October 5, 2021)– the first ever large-scale interconnector in the Middle East and North Africa and the start of operationof NorthSea Link (October 1, 2021) – at 720 kilometers, NSL is the world’s longest subsea interconnector linking Norway and the UK, enabling the exchange of renewable energy between the countries.

To complement interconnections and meet the growing need for energy system flexibility, Hitachi Energy is also supporting customers with grid edge solutions such as microgrids and energy storage. A recent example can be seen inCordova, Alaska, where the community has been able to reduce its reliance on fossil fuels, whilst gaining energy independence.

As part of Hitachi Energy’s ‘go live’ celebrations, Claudio Facchinwill today host an interesting dialogue with Steven Chu, 12th US Secretary of Energy, scientist and Nobel Prize co-winner for Physics (1997), andLully Miura, Japanese scholar of international politics and a member of the Growth Strategy Committee of Cabinet Office of Japan. The session titled, ‘Energy technologies and innovations that contribute to a carbon-neutral future’, will be streamed from the Hitachi Social Innovation Forum 2021 JAPAN. The focus will be on how to realize the ambitious net-zero targets that many countries have committed to and howHitachi and Hitachi Energy arecontributing to establishing a society that is more sustainable, flexible, and secure.

One of the related topics is the importance of digitalization which is critical for overcoming the complexity and capacity challenges brought about by the larger volumes of variable renewable energybeing integrated into the world’s energy system. For example, by combining advanced digital solutions and services, Lumada Asset Performance Management provides health and performance insights to prevent critical asset failures while optimizing asset lifecycle costs. It enables customers to leverage online and offline data to drive more intelligent, risk-based approaches to asset management.

Hitachi Energy is fostering collaboration with customers and partners to find global solutions to solve the global challenge of an inclusive and equitable carbon-neutral future. Earlierthis year, the business launched EconiQ™– its eco-efficient portfolio which delivers asuperior environmental performance compared to conventional solutions. Its EconiQhigh-voltage offering is proven to significantly reduce the carbon footprint throughout the total life-cycle. The business also recently launched a portfolio of transformer products for offshore floating applications, designed to overcome the challenging offshore environment and efficiently harvest and integrate wind into the global energy system, directly supporting the transition to a sustainable energy future.

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