Hitachi Energy will invest an additional $4.5 billion in manufacturing, engineering, digital, research and development (R&D), and partnerships by 2027. This complements the recently announced $1.5 billion investment to increase its global transformer production.
These investments will enable the company to meet customers' commitments and market demand, increasing its global R&D, engineering, and manufacturing capacity of transformers, high-voltage direct current (HVDC), and high-voltage products. It will also support the deployment of power electronics-based solutions, grid automation, and software solutions. Investments will also go into partnerships, supply chain, digitalisation, and automation.
The company also announced that it is investing around $330 million to expand and modernise its factory in Ludvika and establish a new campus in Västerås, Sweden. The Ludvika factory manufactures transformers, high-voltage products, and HVDC systems and will expand by more than 30,000 square metres. This will particularly enable new manufacturing capacity of large transformers to meet the deliveries of HVDC projects. A new campus in Västerås will accommodate 1,800 employees, including an R&D centre and a production facility for grid automation. The workforce in Sweden will additionally grow by 2,000 to support the accelerating energy transition.
