By combining the renowned power grid solutions of ABB with the digital technologies of Hitachi, Hitachi ABB Power Grids Ltd. has inherited both companies’ culture, traditions, and know-how. Sharing more than 100 years of history, Hitachi ABB Power Grids Ltd. Facchin: "Engineers, scientists, and sales team around the world are working side-by-side with our customers, and this network allows us to have a better understanding of the development of new technologies for key markets. produces many products with the highest market shares in the world, including grid automation, grid integration, high-voltage switching components, and transformers. Toshiaki Higashihara, president and CEO of Hitachi, Ltd., at the press conference on July 2, 2020Īgainst this backdrop, Hitachi announced in December 2018 the acquisition of the power grid business of Switzerland's major heavy electric company, ABB Ltd, starting a new joint venture “Hitachi ABB Power Grids Ltd." which began operations on July 1, 2020.įielding a workforce of about 36,000 employees in 90 countries around the world, Hitachi ABB Power Grids Ltd. Now experiencing rapid progress in innovation, the power grid promises to serve as a technology that will support the widespread deployment of renewable energy and the realization of a decarbonized society.Īdvantages of Hitachi ABB Power Grids Ltd. Indispensable to this is the power transmission and distribution technology that helps stabilize energy supply, also known as “power grid”. However, renewable energy relies much on volatile factors such as the weather, making it difficult to achieve a stable supply of such energy, and requiring the ability to predict energy demand and manage stored energy efficiently. The introduction of “renewable energy” such as solar, wind, and geothermal power is particularly crucial for a decarbonized society. This has led to a widespread and worldwide movement aimed at reducing greenhouse gasses that cause global warming, in other words, realizing a decarbonized society. This has been accompanied by such phenomenon as abnormal weather and rising sea levels, creating profound damage throughout the globe. Power Grid: The Key to Decarbonized Societyĭue to growth in urbanization and power consumption, emissions of greenhouse gases including carbon dioxide have dramatically increased in recent years. Through our collaborative creation with global customers, we can contribute to revolutionizing energy." Touching on the excitement surrounding the enterprise, the new company’s CEO, Claudio Facchin, says: "Both Hitachi and ABB are very passionate about technology, its people, and energy transition. Hitachi acquired the power grid business of ABB Ltd, a major heavy electric company in Switzerland, and established Hitachi ABB Power Grids Ltd., which began its operation on July 1. “Power grid” technology is an essential component in the era of energy revolution. As the way we consume energy diversifies, a need for advanced technologies that is capable of controlling electrical power has also developed. Moreover, the electrification of mobility, represented by electric vehicles (EV), and the expansion of data centers have resulted in increasing global power consumption. Governments and organizations across the globe are tackling this issue by working toward realizing a “decarbonized society.” Deemed crucial to achieving such a society is the introduction of renewable energy, which involves solar, wind, and other sources of alternative power. In recent years, global climate change and abnormal weather have become a serious issue that largely impacts our daily lives.
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