Hitachi Energy, a global leader in technology, has announced plans to invest around INR 2,000 crore in India over the next five years. This investment is aimed at driving India’s sustainable energy future, focusing on capacity expansion, portfolio diversification, and strengthening the talent base. As the world moves toward renewable energy and electrification, India’s energy transition is gathering pace. Hitachi Energy’s move aligns with the nation's ambitious goal of becoming the third-largest economy globally.

This significant investment marks 75 years of Hitachi Energy's presence in India. The company has played a pivotal role in supporting nation-building projects, right from its inception in 1949, under the name Hindustan Electric. Over time, the company evolved into Hitachi Energy, continuously investing in India's power grid infrastructure. Andreas Schierenbeck, the Global CEO of Hitachi Energy, emphasized that the company’s investment would further boost the capacity and complexity of India’s power grids, critical for the energy transition.

As part of its strategic growth plan, Hitachi Energy India will host a two-day experiential symposium titled Energy & Digital World 75 (EDW75), to celebrate 75 years of innovation. The event will be inaugurated by Amitabh Kant, India’s G20 Sherpa, alongside the Global CEO and N Venu, Managing Director and CEO of Hitachi Energy India. The symposium will focus on cutting-edge technologies, including smart grids, digital transformation, and renewable energy solutions, fostering discussions on India’s Net-Zero journey.

The INR 2,000 crore investment will support expanding large power transformers production capacity, upgrading specialty transformer testing, and modernizing the traction transformer factory to support the Indian railway network’s modernization. Additionally, digital solutions will be introduced to enhance flexibility in grid operations through the introduction of Grid eXpand and Grid eMotion. The new medium-voltage offering, REF650, will also be launched in India.

Hitachi Energy has consistently prioritized innovation. The company will introduce the world’s first SF6-free 420-kilovolt gas-insulated switchgear from the EconiQ™ portfolio at the EDW75 event, eliminating sulfur hexafluoride (SF6) and significantly reducing greenhouse gas emissions. This transformative technology marks a shift towards clean energy solutions that support India’s Net-Zero ambitions.

Another key highlight of the event is the launch of the Grid-eMotion® portfolio, a breakthrough in electric vehicle (EV) charging infrastructure that promises to revolutionize the EV ecosystem in India. With increasing adoption of electric mobility for public transport and commercial fleets, this solution will accelerate the deployment of sustainable, smart mobility in India.

To further bolster India’s power grid capabilities, Hitachi Energy will introduce the Grid-enSure™ portfolio, focusing on power electronics and advanced control systems. These solutions aim to enhance the resilience, flexibility, and stability of the grid, crucial as India scales up its renewable energy integration.

The investment will also strengthen Hitachi Energy’s supplier base, with a focus on nurturing local suppliers to meet the growing demand in India and global markets. This aligns with the company’s commitment to Make in India for India and the world, highlighting its efforts to support India’s evolving energy requirements.

Hitachi Energy’s contribution to India’s energy transition has been unmatched. The company has integrated over 150 gigawatts of HVDC links into the power system, making the energy value chain more efficient. Sustainable electrification and the digital transformation of the grid will be critical components of India’s journey toward a carbon-neutral future.

This monumental investment underscores Hitachi Energy's commitment to India’s Net-Zero journey and a sustainable future for generations to come. The future of energy is here, and with Hitachi Energy’s innovative solutions, India is well on its way to becoming a global leader in sustainable energy solutions.

For those looking for more investment opportunities and insights, visit our Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi and Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News- Finance Saathi.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst & Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates.

Start your Stock Market Journey and Apply in IPO by Opening a Free Demat Account in Choice Broking FinX.