Hitachi Energy announced that it has enabled more than 150 GW of high-voltage direct current (HVDC) links around the world integrated into the power system.
For a frame of reference, this quantum of electricity is sufficient to meet Japan’s peak power demand, a release by Hitachi Energy said.
The announcement follows the delivery of the first power from Dogger Bank, the world’s largest offshore wind development, via the UK’s first-time use of HVDC technology on a wind farm.
The HVDC boost
The company has consistently expanded its capacity to meet accelerating demand driven by the clean energy transition. Since 2020, when Hitachi began its strategic investment, Hitachi Energy has increased its workforce by more than 8,000. Within the same period, the company also invested $3 billion in manufacturing and engineering footprint, and R&D, expanding collaboration and driving the company to become the strategic partner throughout the customers’ entire lifecycle.
“Electricity will be the backbone of the entire energy system and will help to drive the clean energy transition. Today’s announcement shows how we are enabling our customers to accelerate the development of the power grids that energy system requires,” said Claudio Facchin, CEO of Hitachi Energy.
The continuing investments are in line with the Hitachi Energy 2030 Plan and Hitachi’s Mid-term Management Plan 2024. Investments in the three focus areas of Hitachi Energy 2030 Plan:
1. Continuously strengthening the power grid core business
The company has invested heavily in expanding capacity and new hires across the globe in Europe, the Middle East and Africa, North and South America, and Asia Pacific. Examples from this year alone are the power quality factory and the global technology and innovation center in India, and the transformer factory in China. In addition, it has recently invested in Sweden, Switzerland, and the US.
Speaking of sustainable solutions, EconiQ™ contains no sulfur hexafluoride (SF6) proven to significantly reduce carbon footprint throughout the entire lifecycle. Next-generation power semiconductors like Road Pak for e-Mobility. Digital technologies like Lumada Asset Performance Management and IdentiQ™ for HVDC and power quality.
2. Doubling efforts on digital and services and expansion at the edge of the energy system
The new generation of Lumada Asset Performance Management software solution features advantages of Artificial Intelligence; the acquisition of majority stake in eks Energy, a power conversion technology provider to enhance storage and flexibility at the edge of the energy system. flexibility at the edge of the energy system.
3. Innovation, synergies, partnerships, and M&A to accelerate growth
Increasingly strong collaboration shave led to new business models, framework agreements for capacity reservation, and global standards, allowing for better planning to meet demands. Some key projects enabled by the company’s technologies are Champlain Hudson Power Express, TenneT’s 2GW Program,and Project Lightning, a first-of-its-kind subsea power transmission project.
Grid investment
The IEA report, “Electricity Grids and Secure Energy Transitions” states that grid investment needs to nearly double by 2030 to over $600 billion per year after stagnation at the global level, and building out of grids requires a secure supply chain and a skilled workforce.
