About Hitachi Energy
Company Overview
Hitachi Energy Ltd., a wholly owned subsidiary of Hitachi Ltd.
HeadquartersZurich, Switzerland
Founded2021
SizeApproximately 45,000 to over 50,000 employees globally (source: hitachienergy.com). Revenue reached around $13 billion USD in 2023 (source: hitachienergy.com).
What They Do
Hitachi Energy specializes in power grid technologies, focusing on high-voltage direct current (HVDC) systems, which have integrated over 150 gigawatts globally. Their product offerings include high-voltage equipment, transformers, switchgear, and services aimed at grid modernization and renewable energy integration (source: wikipedia.org). The company provides HVDC converter stations, distribution transformers, and innovative gas insulation solutions, positioning itself as a leader in the energy transition (source: hitachienergy.com). Target markets encompass utilities, industries, infrastructure, renewable energy developers, and data centers, with a presence in over 140 countries organized into five global business units for localized service delivery (source: cbinsights.com). The company leverages the combined expertise of ABB's power grids and Hitachi's digital technologies, evidenced by a significant increase in order backlog since 2020 (source: hitachienergy.com).
Projects & Track Record
Hitachi Energy has been involved in several notable projects, including the supply of equipment for China's Changji-Guquan UHVDC transmission line, the world's first at 1,100 kV, completed in 2018 (source: wikipedia.org). Other significant projects include the fluoronitrile-based gas replacement for National Grid in Kent, UK, and HVDC converter stations for the North Sea Link submarine cable, both completed in 2021 (source: wikipedia.org). Recently, they have also developed a renewable energy microgrid for Gull Bay First Nation in Canada (2022) and are currently working on offshore platforms and onshore HVDC converter stations for TenneT in the North Sea (source: wikipedia.org). Their geographic presence spans over 140 countries, with a strong focus on expanding manufacturing capabilities in North America to meet growing demand (source: hitachienergy.com).
Recent Developments
In the past two years, Hitachi Energy has announced over $155 million USD in investments to bolster manufacturing capacity in North America, including a new distribution transformer factory in Reynosa, Mexico, which is expected to create 350 jobs (source: hitachienergy.com). Additionally, they are modernizing their power transformer factory in Varennes, Quebec, with an investment exceeding $100 million (source: hitachienergy.com). The company also completed the acquisition of ABB's remaining stake in December 2022, solidifying its position as a wholly owned subsidiary of Hitachi Ltd. (source: wikipedia.org). Furthermore, they reported significant revenue growth in fiscal year 2023, contributing to Hitachi Ltd.'s Green Energy & Mobility segment revenues (source: hitachi.com).
Working There
Hitachi Energy offers a diverse range of roles across engineering, skilled manufacturing, administrative positions, and research, with a strong emphasis on hiring due to recent expansions (source: hitachienergy.com). The company has added over 8,000 employees globally between 2020 and 2023, with significant growth in the U.S. and Canada (source: hitachienergy.com). Office locations include Reynosa, Mexico; South Boston and Mount Pleasant, USA; Varennes, Quebec City, Montreal, Canada; Zurich, Switzerland; and Ludvika, Sweden (source: hitachienergy.com). The company culture promotes innovation, co-creation with customers, and a commitment to energy transition, as highlighted by CEO Claudio Facchin (source: hitachienergy.com).
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