Hitachi 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 its global 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 and electricity will be the backbone of the entire energy system. At Hitachi Energy we have pioneered 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 and partners, our people and society.”
The carbon-neutral energy system will be highly interconnected and HVDC, a technology Hitachi introduced more than 60 years ago, is one of the key enablers for bulk renewable energy resources integration and reliable interconnection across countries, regions and continents, they note.
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 in Cordova, Alaska, where the community has been able to reduce its reliance on fossil fuels, whilst gaining energy independence.
Through its Sustainability 2030 strategic plan, Hitachi Energy is addressing the urgency of the global energy transition and has set clear targets in: Planet, People, Peace and Partnerships. Hitachi Energy has set targets to become carbon-neutral in its own operations and it expects to hit the first-step target achieving 100% fossil-free electricity in its own operations by 2022.