Today, October 13, Hitachi ABB Power Grids officially becomes Hitachi Energy. The business has renewed its purpose to «advancing a sustainable energy future for all». New brand was announced in summer 2021. 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. Hitachi Ltd. has an 80.1 percent stake in the joint venture which started operations on July 1, 2020, and ABB Ltd. holds the balance. Talking about these brands, Hitachi Construction Machinery and ABB are indeed collaborating also concerning electrification of dump trucks, for instance.
Hitachi Energy live from today
Speaking from its global headquarters in Zurich, Switzerland, Claudio Facchin, CEO of Hitachi Energy (pictured below) 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 eco-efficient Econiq portfolio
Hitachi Energy is fostering collaboration with customers and partners to find global solutions to solve the global challenge of an inclusive and equitable carbon-neutral future. Earlier this year, the business launched EconiQ™ – its eco-efficient portfolio which delivers a superior environmental performance compared to conventional solutions. Its EconiQ high-voltage offering is proven to significantly reduce the carbon footprint throughout the total life-cycle. The business also recently launched a portfolio of transformer products for offshore floating applications, designed to overcome the challenging offshore environment and efficiently harvest and integrate wind into the global energy system, directly supporting the transition to a sustainable energy future.