Tokyo Stock Exchange – Kuwait Financial Express http://www.kuwaitfinancialexpress.com Thu, 07 Mar 2024 11:24:50 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 Hitachi Energy to appoint Andreas Schierenbeck as new Chief Executive Officer, Claudio Facchin to step down on June 30, 2024 http://www.kuwaitfinancialexpress.com/?p=309891/ Thu, 07 Mar 2024 11:24:50 +0000 http://www.kuwaitfinancialexpress.com/?p=309891 Zurich, March 07, 2024 (GLOBE NEWSWIRE) — Hitachi Energy today announced that Andreas Schierenbeck will be appointed as the new Chief Executive Officer, effective July 1, 2024. Claudio Facchin, Hitachi Energy CEO, will step down at the end of June 2024. Andreas will engage with the Hitachi Energy Board, Executive Team and Claudio to ensure a smooth transition prior to the handover on July 1, 2024.

Andreas joins Hitachi Energy from HH2E, a new green–hydrogen production company, where he is currently co–founder and board member. He previously worked as CEO of Uniper from 2019 to 2021, where he launched the company’s decarbonization strategy. Prior to that he was the CEO of thyssenkrupp Elevator, where he led the transformation of the company into a global leader leveraging digital technology from 2013 to 2018. Between 1992 and 2012, Andreas held various management positions within Siemens, including President and CEO of Siemens Building Technologies in the US between 2010 and 2012 and Senior Vice President in the Siemens electric utility sector in Switzerland. He holds a Master of Science degree in Electrical Engineering from the TU Dresden and an Advanced Management Certificate from Harvard University in the US. Andreas is a German citizen.   

“I would like to welcome Andreas to Hitachi Energy to lead the next phase of exciting growth for the business. I would also like to express my appreciation to Claudio for his great leadership transitioning and transforming the company over the last four years from the carve–out of ABB's Power Grids business through the Hitachi ABB Power Grids Joint Venture (JV) into Hitachi Energy, a fully–owned subsidiary of Hitachi Group”, said Keiji Kojima, Representative Executive Officer, President & CEO of Hitachi, Ltd. “I look forward to continuing to support Hitachi Energy's growth plan under the leadership of Andreas, and I wish Claudio all the best for the journey ahead.”

“Following a planned transition and a thorough selection process, we have appointed Andreas Schierenbeck as the successor to Claudio Facchin”, said Alistair Dormer, Chair of Hitachi Energy and Executive Vice President, Executive Officer and General Manager of Green Energy & Mobility Strategy Planning Division, Hitachi Ltd. “Claudio can be proud of his four years as CEO, and it has been a pleasure working with him during the past two years, supporting him and the Executive Team to deliver the transformation into Hitachi Energy, the leading power grids technology and solution provider. The Hitachi Energy 2030 growth plan centered around the commitment to continuously invest in innovation and partnerships to serve our customers is a solid foundation to build on, and I look forward to working with Andreas and the entire Hitachi Energy leadership team as we accelerate the delivery of the Hitachi Energy growth plan. Andreas' experience of delivering transformational growth across sectors will help Hitachi Energy to scale growth and synergies with Hitachi.”    

“It's been an honor and a privilege to lead the transition to Hitachi Energy, working alongside the Executive Team and the entire Hitachi Energy organization across the globe”, said Claudio Facchin, CEO of Hitachi Energy. “The authentic passion and unwavering ownership of this team has been a limitless source of energy and motivation for me personally. Together with Hitachi teams, we have worked with customers and partners to advance the world's energy system to be more sustainable, flexible and secure. The extraordinary achievements of Hitachi Energy would not have been possible without the continuous support from Hitachi Group. I look forward to onboarding Andreas, together with the Executive Team and the Board of Hitachi Energy, until the handover on July 1, 2024.”

“I am thrilled to embark on this journey as the new CEO of Hitachi Energy, steering the company towards new horizons in an era of transformation, where the demand for electricity is surging due to the rapid electrification of transport, buildings, and industries”, said Andreas Schierenbeck. “It is a profound honor to lead an experienced team so deeply committed to quality, innovation and sustainability as we help our customers and society accelerate towards a greener future. Together, we will continue to expand Hitachi Energy's profitable business, ensuring that our collective efforts contribute significantly to a sustainable and electrified future.”

Hitachi Energy to appoint Andreas Schierenbeck as new Chief Executive Officer

– End –

About Hitachi Energy
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon–neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. We integrate more than 150 GW of HVDC links into the power system, helping our customers enable more wind and solar. Headquartered in Switzerland, we employ more than 40,000 people in 90 countries and generate business volumes of over $10 billion USD.

https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://twitter.com/HitachiEnergy

About Hitachi, Ltd.

Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the business structure of “Digital Systems & Services” – supporting our customers' digital transformation; “Green Energy & Mobility” – contributing to a decarbonized society through energy and railway systems, and “Connective Industries” – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co–creation with our customers. The company's consolidated revenues for fiscal year 2022 (ended March 31, 2023) totaled 10,881.1 billion yen, with 696 consolidated subsidiaries and approximately 320,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.

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Hitachi Energy passes 150 GW in HVDC links integrated into the power system, expands capacity to meet accelerating energy transition demand http://www.kuwaitfinancialexpress.com/hitachi-energy-passes-150-gw-in-hvdc-links-integrated-into-the-power-system-expands-capacity-to-meet-accelerating-energy-transition-demand/ Tue, 24 Oct 2023 05:54:57 +0000 http://www.kuwaitfinancialexpress.com/?p=308834 Zurich, Switzerland, Oct. 24, 2023 (GLOBE NEWSWIRE) — Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, announced today that it has enabled more than 150–gigawatts (GW) of high–voltage direct current (HVDC) links around the world integrated into the power system "" sufficient to meet the peak power demand for Japan. 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 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 Research & Development (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.

Investments in R&D
Sustainable solutions: EconiQ contains no sulfur hexafluoride (SF6) proven to significantly reduce carbon footprint throughout the entire life cycle. Next–generation power semiconductors like RoadPak 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
Digitalization and Service: 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.

3. Innovation, synergies, partnerships, and M&A to accelerate growth
Increasingly strong collaborations have 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.

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.

Rapid electrification of transport, buildings, and industries is increasing the demand for secure, sustainable, and flexible electricity globally. The company is committed to continuously strengthening its business toward the forecast of the 2050 energy system; where it sees an installed global power generation capacity of four times today and a transfer of electrical energy, which is three times compared to what it is today.

"Since we started the journey with Hitachi in July 2020, we have been able to accelerate our growth and expansion, also leveraging synergies across Hitachi Group," Facchin added. "With more than a century of energy expertise, combined with digitalization as an enabler, we can scale at pace and provide innovative services and solutions to our customers. As Hitachi, we have a unique position across IT, OT and product capabilities to support our customers throughout the entire lifecycle."

–END–

About Hitachi Energy Ltd.
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon–neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of over $10 billion USD.
https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://twitter.com/HitachiEnergy

About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the business structure of "Digital Systems & Services" – supporting our customers' digital transformation; "Green Energy & Mobility" – contributing to a decarbonized society through energy and railway systems, and "Connective Industries" – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co–creation with our customers. The company's consolidated revenues for fiscal year 2022 (ended March 31, 2023) totaled 10,881.1 billion yen, with 696 consolidated subsidiaries and approximately 320,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.

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Hitachi Energy acquires eks Energy http://www.kuwaitfinancialexpress.com/hitachi-energy-acquires-eks-energy/ Tue, 24 Oct 2023 05:50:25 +0000 http://www.kuwaitfinancialexpress.com/?p=308833 Zurich, Switzerland, Oct. 24, 2023 (GLOBE NEWSWIRE) — Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, announced today that it has acquired a controlling stake of eks Energy, a leading supplier of power electronics and energy management solutions for storage and renewables integration, based in Seville, Spain, from Powin LLC (Powin), a top global energy storage system provider. The investment also marks the establishment of a strategic partnership with Powin, who maintains a significant ownership stake in eks Energy.

As the world transitions to more renewable energy sources, the global demand for battery energy storage systems (BESS) continues to surge and is expected to grow more than 20 percent per year through 20301. By combining eks Energy's power electronics and advanced control capabilities with its own highly complementary automation, software, and system integration offerings, Hitachi Energy fortifies its position as a leading–edge technology provider to the renewables and BESS market. With the strategic partnership, Hitachi Energy and Powin aim to apply the strength of the two firms to develop power conversion products specifically designed for the next generation of energy storage systems.

"Hitachi Energy has been an innovative force in the BESS and microgrid space for more than 30 years, and this strategic acquisition demonstrates our continued commitment to deliver the most advanced and proven solutions for our customers," said Massimo Danieli, Managing Director for the Hitachi Energy Grid Automation Business Unit. "The market, including leading BESS system integrators, has made it clear that it needs and wants energy solutions powered by best–in–class power electronics integrated with control and digital capabilities. New applications and use cases are emerging every day, driven by the ever–increasing need for integration of renewable resources in the grid and electrification at the grid edge. eks Energy has an impressive product deployment footprint in North America and Europe, and under Powin has further extended their global reach. With this significant addition to our portfolio, Hitachi Energy is ready to address the demands of the fast–growing global BESS market with speed and scale."

"This strategic investment marks a significant milestone in the energy storage industry, as it paves the way for Hitachi, Powin and eks Energy to align their strengths in exploring new opportunities on a global scale as well as an ability to better serve new and existing customers," said Jeff Waters, CEO of Powin. "We are proud of what we have already developed with eks Energy, including one of the world's largest battery projects in history, the Waratah Super Battery (WSB) where eks Energy's unrivaled power conversion systems are able to meet the Australian grid operators' high standards of performance. We look forward to continuing to work with eks Energy and Hitachi Energy to bring more projects like WSB to the world."

The addition of eks Energy to the Hitachi Energy portfolio demonstrates accelerated traction on the company's 2030 strategic growth plan. Hitachi Energy is continuously strengthening its power grids core business while advancing the world's energy system to be more sustainable, flexible and secure. This acquisition increases our core capabilities at the edge of the grid including digital, power electronics and services, toward the larger goal of advancing a sustainable energy future for all.

Nomura Greentech acted as exclusive financial advisor and Shearman & Sterling acted as legal advisor to Hitachi Energy.

Footnotes
1 From BNEF 1H 2023 Energy Storage Market Outlook

–END–

About Hitachi Energy Ltd.
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon–neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of over $10 billion USD.
https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://twitter.com/HitachiEnergy

About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the business structure of "Digital Systems & Services" – supporting our customers' digital transformation; "Green Energy & Mobility" – contributing to a decarbonized society through energy and railway systems, and "Connective Industries" – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co–creation with our customers. The company's consolidated revenues for fiscal year 2022 (ended March 31, 2023) totaled 10,881.1 billion yen, with 696 consolidated subsidiaries and approximately 320,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.

About Powin
At Powin, we are advancing the next frontier of energy and changing the way we power our daily lives by ensuring access to clean, resilient, and affordable power. As a global energy platform provider, we offer fully integrated battery storage solutions, software, and services to optimize grid performance and enable the transition to cleaner energy sources. To date, Powin has deployed over 3,200 MWh of battery systems worldwide with 11,900 MWh under construction. To learn more, please visit www.powin.com

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Partnership Forged to Accelerate the Energy Transition: Hitachi Energy and Google Cloud Combine Energy and Digital Expertise to Advance Sustainability Initiatives http://www.kuwaitfinancialexpress.com/partnership-forged-to-accelerate-the-energy-transition-hitachi-energy-and-google-cloud-combine-energy-and-digital-expertise-to-advance-sustainability-initiatives/ Thu, 24 Aug 2023 12:22:58 +0000 http://www.kuwaitfinancialexpress.com/?p=308374 Zurich, Switzerland, Aug. 24, 2023 (GLOBE NEWSWIRE) — Hitachi Energy, a global technology leader advancing a sustainable energy future for all, and Google Cloud have signed a strategic agreement to collaborate and co–create on multiple cloud software products and services designed to support the global energy transition. The first demonstration of the joint value of the relationship, Hitachi Energy's Velocity Suite Power Prices, is now available on the Google Cloud Marketplace.

The launch of Velocity Suite Power Prices marks the first milestone in the Google Cloud and Hitachi Energy collaboration and signals how the organizations together will address growing market and customer needs for cloud–based solutions that drive the energy transition. Global developers, operators of renewable generation and battery energy storage systems (BESS), as well as traditional generators, traders, and energy market participants can use the data from Velocity Suite Power Prices to make better, faster decisions about energy projects and investments in North America."

Velocity Suite Power Prices, derived from Hitachi Energy's industry–leading Velocity Suite application, is a new API–based application that gives global customers easy access to North American energy market intelligence. It informs, guides and accelerates planning and revenue analyses for transformative grid and renewable energy projects. The computing power of Google Cloud technology is instrumental in automating and consolidating the extensive dataset of Velocity Suite Power Prices.

Google Cloud and Hitachi Energy will continue to work together to address growing market and customer needs for cloud–based solutions for the energy transition. The collaboration will draw on Hitachi Energy's Energy Portfolio Management (EPM) solutions combined with Google Cloud's data analytics capabilities, artificial intelligence (AI)/machine learning (ML) services, and scalable and secure infrastructure, to develop and deploy new, innovative solutions for electric utilities and renewable energy producers. Continuing to offer Hitachi Energy's solutions on the Google Cloud Marketplace is driven by a common goal in the energy industry to drive toward outcomes that increase revenue, capitalize on market opportunities, and reduce costs and risk.

"Data and analytics are at the center of the energy transition and play a critical role in the evolving grid," said Massimo Danieli, Managing Director, Grid Automation for Hitachi Energy. "Our customers worldwide have asked for solutions that help them achieve sustainability goals and business outcomes at speed and scale. Delivering Velocity Suite Power Prices through our partnership with Google Cloud helps global customers accelerate decision making, optimize investments, and digitally transform their own businesses."

"By delivering Velocity Suite Power Prices on Google Cloud, Hitachi Energy is enabling customers to deploy its platform on trusted, sustainable infrastructure and helping them better utilize massive amounts of data on their journeys to become more profitable and sustainable businesses," said Roi Tavor, Managing Director at Google Cloud. "Sustainability is a driving factor behind many organizations' digital transformations, and we're proud to partner with Hitachi Energy to help global businesses operate responsibly and sustainably."

Notes for Editors:

About Hitachi Energy

Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon–neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of over $10 billion USD.

https://www.hitachienergy.com

https://www.linkedin.com/company/hitachienergy

https://twitter.com/HitachiEnergy

About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the business structure of "Digital Systems & Services" – supporting our customers' digital transformation; "Green Energy & Mobility" – contributing to a decarbonized society through energy and railway systems, and "Connective Industries" – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co–creation with our customers. The company's consolidated revenues for fiscal year 2022 (ended March 31, 2023) totaled 10,881.1 billion yen, with 696 consolidated subsidiaries and approximately 320,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com. [AP1]

Media Contacts

Hitachi Energy

Jocelyn Chang

Global Head of Public Relations & Content Strategy

media.relations@hitachienergy.com

Google Cloud

press@google.com


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Hitachi Energy selected as preferred technology provider for the longest HVDC link in the UK http://www.kuwaitfinancialexpress.com/hitachi-energy-selected-as-preferred-technology-provider-for-the-longest-hvdc-link-in-the-uk/ Wed, 26 Jul 2023 08:49:11 +0000 http://www.kuwaitfinancialexpress.com/?p=308147 Zurich, Switzerland, July 26, 2023 (GLOBE NEWSWIRE) — Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, today announced it has been selected as preferred technology provider of SSEN Transmission and National Grid, to supply two high–voltage direct current (HVDC) converter stations to interconnect the Scottish and English power grids.

The energy transition requires a collaborative effort that can only be achieved with advanced technologies and new ways of working. In appointing Hitachi Energy as their preferred technology provider, SSEN Transmission and National Grid secure best–in–class technology and future production capacity in a rapidly growing market. For Hitachi Energy, this enables investment in new production capacity and to undertake large–scale recruitment drives. It also strengthens collaboration, standardization of solutions, and synergies between projects.

The integration of renewables requires solutions that make the grid resilient, stable, and flexible. Hitachi Energy's innovation and long development of voltage sourced converter (VSC) power electronics and control and protection (MACH) technologies meet the requirements alongside many other landmark grid integration projects.

Eastern Green Link 2 will consist of two 525–kilovolt (kV) bipole VSC converter stations connected by 440 kilometers of subsea cable and 70 kilometers of underground cable, making it the longest HVDC link in the UK. The link will efficiently supply a total of 2,000 megawatts (MW) of electricity, which is enough to power around two million UK homes.1

The link will help to secure power transmission in the northern UK and support the integration of new renewable electricity generation in Scotland, as part of the UK's Net Zero Strategy.2 As much as 11,000 MW of offshore wind capacity is possible in Scottish waters by 20303, and HVDC transmission will play a large part in bringing this vast amount of renewable power to shore and south, to communities across the country.

"The UK's Net Zero Strategy has ambitious targets which will require vast amounts of new renewable generation. Electricity will be the backbone of the entire energy system," said Niklas Persson, Managing Director at Hitachi Energy's Grid Integration business. “Our pioneering HVDC technology will ensure that this electricity will reliably and efficiently get where it's needed most."

"This is another important milestone for EGL2 which is part of the new network infrastructure required to help the UK meet its net zero and energy security ambitions," said Sarah Sale, Deputy Project Director of National Grid. "Along with cabling bidder and formal joint venture announcements, this is another key part of the project which is now in place and ready for the delivery phase. We look forward to working in collaboration with Hitachi Energy and BAM as the project continues to progress."

"The converter stations at either end of the cable will play a crucial role in making the power transported subsea suitable for transportation around the onshore transmission network – getting Hitachi Energy and BAM in place to deliver that technology is great for the project," said Ricky Saez, the EGL2 Project Director from SSEN Transmission.

"BAM is delighted to work in collaboration with Hitachi Energy on this vital renewable energy project for National Grid and SSEN Transmission," said Huw Jones, Executive Director of BAM Nuttall. "The converter stations will enable the transmission of green energy from areas of offshore wind generation to centers of population, supporting the UK's net zero ambitions and providing better energy security. We look forward to engaging with local communities and suppliers in Aberdeenshire and North Yorkshire, supporting BAM's vision to deliver sustainable infrastructure for our clients, stakeholders, and the communities in which we work."

Hitachi Energy is collaborating with BAM, a construction company that designs, builds, and maintains sustainable buildings and infrastructure, to provide the civil and installation scope for the project. The collaboration with BAM will leverage the core competencies of the two companies to deliver a best–in–class solution for the project.

Hitachi Energy pioneered commercial HVDC technology almost 70 years ago and has delivered more than half of the world's HVDC projects.

1 https://www.nationalgrid.com/electricity–transmission/network–and–infrastructure/segl2
2 https://www.gov.uk/government/publications/net–zero–strategy
3 https://www.gov.scot/publications/offshore–wind–policy–statement/
4 Modular Advanced Control for HVDC (MACH)

HVDC website:

https://www.hitachienergy.com/offering/product–and–system/hvdc

Photo captions:

North Sea Link Blyth Converter Station UK

Eastern Green Link 2

–END–

About Hitachi Energy
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon–neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of over $10 billion USD.
https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://twitter.com/HitachiEnergy

About Hitachi, Ltd.

Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the business structure of "Digital Systems & Services" – supporting our customers' digital transformation; "Green Energy & Mobility" – contributing to a decarbonized society through energy and railway systems, and "Connective Industries" – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co–creation with our customers. The company's consolidated revenues for fiscal year 2022 (ended March 31, 2023) totaled 10,881.1 billion yen, with 696 consolidated subsidiaries and approximately 320,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.

Attachments


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Hitachi Energy wins order for first subsea electricity interconnection between France and Spain http://www.kuwaitfinancialexpress.com/hitachi-energy-wins-order-for-first-subsea-electricity-interconnection-between-france-and-spain/ Thu, 15 Jun 2023 07:10:25 +0000 http://www.kuwaitfinancialexpress.com/?p=307856 Zurich, Switzerland, June 15, 2023 (GLOBE NEWSWIRE) — Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, today announced it won an order from Electricity Interconnection France–Spain (Inelfe), the joint venture bringing together operators of the Spanish (Red Elctrica) and French (RTE) electricity transmission networks, in charge of the construction and commissioning of all cross–border connections between both countries, to supply four high–voltage direct current (HVDC) converter stations to interconnect France and Spain via a subsea cable across the Biscay Gulf.

The Biscay Gulf interconnection, labeled as project of common interest (PCI) at the European level, will consist of two HVDC links, with a converter station at each end of both systems. Combined, the links will efficiently supply a total of 2,000 megawatts (MW) of electricity at 400 kilovolts (kV) over 400 kilometers (km). Providing the equivalent of the power consumption of more than two million households1, the links will improve the safety, stability, and quality of the electricity supply between the two countries. It will advance the integration of emission–free electricity and create a more efficient system to generate savings that benefit consumers and the rest of Europe.2 Most of the link will be underwater, but a short section of the link cable route will return to land to avoid the deep Capbreton Canyon.

"Cross border, and often subsea, interconnections are vital to Europe's increasingly interconnected grid," said Niklas Persson, Managing Director at Hitachi Energy's Grid Integration business. “Through our pioneering HVDC technology, we enable Inelfe to accelerate the two countries' sustainability goals, improving the safety, stability, and quality of electricity supply between France and Spain and the rest of Europe."

Inelfe (Interconexin Elctrica Francia–Espaa or Electricity Interconnection France–Spain) was set up following the 2008 Zaragoza Agreement, between the governments of Spain and France, with the mission to enhance the exchange of electricity between the two countries. The resulting infrastructure doubled the interconnection capacity between France and Spain from 1,400 MW to 2,800 MW today. With the Biscay Gulf interconnection, the capacity to exchange power will soon reach 5,000 MW.3

In line with its Purpose to champion the urgency of a clean energy transition through innovation and collaboration, Hitachi Energy is collaborating with VINCI, an industry leader in energy and construction. Together the two companies will provide an advanced solution for the Biscay Gulf project by delivering the engineering and power technologies and the construction of the converter stations. The collaboration with VINCI will leverage the core competencies of the two companies to deliver a best–in–class solution for the project.

Note to editors:
Hitachi Energy's HVDC solution combines world–leading expertise in HVDC converter valves; the MACH digital control platform4, converter power transformers and high–voltage switchgear; as well as system studies, design and engineering, supply, installation supervision and commissioning.

HVDC Light is a voltage source converter technology developed by Hitachi Energy, which was launched over 25 years ago. It is the preferred technology for many grid applications, including interconnecting countries, integrating renewables and "power–from–shore" connections to offshore production facilities. HVDC Light's defining features include uniquely compact converter stations and exceptionally low electrical losses.

Hitachi Energy pioneered commercial HVDC technology almost 70 years ago and has delivered more than half of the world's HVDC projects.

1 https://www.odyssee–mure.eu/publications/efficiency–by–sector/households/electricity–consumption–dwelling.html
2 https://www.inelfe.eu/en/projects/bay–biscay
3 https://www.inelfe.eu/en/about–inelfe
4 Modular Advanced Control for HVDC (MACH)

HVDC website:
https://www.hitachienergy.com/offering/product–and–system/hvdc

–END–

About Hitachi Energy
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon–neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of over $10 billion USD.
https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://twitter.com/HitachiEnergy

About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the business structure of "Digital Systems & Services" – supporting our customers' digital transformation; "Green Energy & Mobility" – contributing to a decarbonized society through energy and railway systems, and "Connective Industries" – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co–creation with our customers. The company's consolidated revenues for fiscal year 2022 (ended March 31, 2023) totaled 10,881.1 billion yen, with 696 consolidated subsidiaries and approximately 320,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.

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Hitachi Energy signs agreements with ENOWA and Saudi Electricity Company to design and develop the first phase of visionary NEOM region transmission system http://www.kuwaitfinancialexpress.com/hitachi-energy-signs-agreements-with-enowa-and-saudi-electricity-company-to-design-and-develop-the-first-phase-of-visionary-neom-region-transmission-system/ Tue, 30 May 2023 10:55:07 +0000 http://www.kuwaitfinancialexpress.com/?p=307718 Zurich, Switzerland, May 30, 2023 (GLOBE NEWSWIRE) — Hitachi Energy, a global technology leader advancing a sustainable energy future for all, has signed agreements under the supervision and management of the Ministry of Energy with the Saudi Electricity Company (SEC) and with ENOWA. The agreements include the supply of three high–voltage direct current (HVDC) transmission systems to end customer ENOWA, the utility company for NEOM in Northwest Saudi Arabia. Built with sustainability in mind, NEOM is among Saudi Arabia's Giga–Projects1 reshaping the future of development. The three HVDC links will have a total power capacity of up to 9 gigawatts (GW).

The agreements include an order from ENOWA's engineering, procurement and construction management (EPCM) partner, the Saudi Electricity Company (SEC) awarded to Hitachi Energy and its consortium partner, Saudi Services for Electro Mechanical Works (SSEM), to provide one of the world's first 3 GW, 525 kilovolt (kV) HVDC Light transmission system connecting Oxagon, NEOM's regional development, with the larger Yanbu area more than 650 kilometers away in Western Saudi Arabia.

Hitachi Energy's scope of supply includes design, engineering, procurement of HVDC technology and commissioning of the HVDC Light converter stations. Whilst SSEM "" a leading Saudi EPC specialized in power, water and industrial projects "" will design and supply the AC equipment portion and perform the construction and the installation. The converter stations convert the power from AC to DC then back to AC for integration into the receiving grid. The converters will be sourced by and supplied to Saudi Electricity Company, who were contracted in 2022 by ENOWA to act as their EPCM to build this first HVDC system for NEOM.

Further to this, Hitachi Energy and ENOWA have signed an early works and capacity reservation agreement for two additional HVDC projects, each rated up to 3 GW. Under this agreement, both companies commit to having the resources and capacity necessary to implement these two HVDC systems. As part of a new scalable and modular regional network design that is targeted to seamlessly integrate future renewables and energy storage technologies in the NEOM Energy System, making it unique in terms of size and complexity. The co–operation will also explore opportunities to develop local competencies in the Kingdom, including ways to sustainably assemble the necessary HVDC Light components locally.

"We are delighted to strengthen our collaboration with ENOWA and Saudi Electricity Company in order to power one of the most visionary development projects of all time," said Niklas Persson, Managing Director of Hitachi Energy's Grid Integration business. "As the world progresses towards a more sustainable future, our expertise and HVDC technologies are true enablers of the electrification of the global energy system and the transition to renewables."

"By securing the first capacities for such an important part of our future grid in only one year since the decision to use this technology, we show ENOWA's commitment to supporting Saudi Vision 2030 in collaboration with Saudi Electricity Company and Hitachi Energy," said Thorsten Schwarz, Executive Director of Grid Technology & Projects, Energy of ENOWA.

ENOWA, NEOM's energy and water company, produces and delivers clean and sustainable energy for industrial and commercial applications. The company benefits from NEOM's greenfield site and strategic location in the northwestern part of Saudi Arabia, with abundant solar and wind resources. ENOWA will act as a catalyst and incubator for developing new, sustainable energy and water businesses while creating a robust economic sector regionally.

ENOWA seeks by its commitment to renewable energy and efficient water management, to become a global reference for industry leaders and setting a benchmark for sustainable economic circular systems around the world. Formed in 2022, ENOWA is the principal shareholder in the world's largest green hydrogen production plant set to be commissioned in 2026 and will enable NEOM to be a global green hydrogen hub.

NEOM will be powered by 100 percent clean energy, through renewable solar, wind and green hydrogen–based energy. The region is designed to be a blueprint for sustainable urban living with minimal impact on the environment and enhanced livability.

Note to editors:
Hitachi Energy's HVDC solution combines world–leading expertise in HVDC converter valves; the MACH digital control platform2, converter power transformers and high–voltage switchgear; as well as system studies, design and engineering, supply, installation supervision and commissioning.

HVDC Light is a voltage source converter technology developed by Hitachi Energy, which was launched over 25 years ago. It is the preferred technology for many grid applications, including interconnecting countries, integrating renewables and "power–from–shore" connections to offshore production facilities. HVDC Light's defining features include uniquely compact converter stations and exceptionally low electrical losses.

Hitachi Energy pioneered commercial HVDC technology almost 70 years ago and has delivered more than half of the world's HVDC projects.

Hitachi Energy's consulting services assist energy customers in pinpointing their challenges and suggesting customized solutions tailored to their unique requirements. Our consultants operate independently, with a product and system–agnostic approach, possessing in–depth knowledge of global technologies, standards, and local grid codes.

1 Saudi's Giga–Projects
2 Modular Advanced Control for HVDC (MACH)

See also:
Hitachi Energy to supply the first ever large–scale HVDC interconnection in the Middle East and North Africa (2022)
Hitachi Energy and Gulf Cooperation Council Interconnection Authority sign contract to upgrade high–voltage direct current transmission system (2023)

ENOWA website

–END–

About Hitachi Energy
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon–neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of over $10 billion USD.
https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://twitter.com/HitachiEnergy

About Hitachi, Ltd.

Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the business structure of "Digital Systems & Services" – supporting our customers' digital transformation; "Green Energy & Mobility" – contributing to a decarbonized society through energy and railway systems, and "Connective Industries" – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co–creation with our customers. The company's consolidated revenues for fiscal year 2022 (ended March 31, 2023) totaled 10,881.1 billion yen, with 696 consolidated subsidiaries and approximately 320,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.

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Hitachi Energy, the partner of choice for largest-ever HVDC wind energy project in U.S. http://www.kuwaitfinancialexpress.com/hitachi-energy-the-partner-of-choice-for-largest-ever-hvdc-wind-energy-project-in-u-s/ Thu, 04 May 2023 12:23:54 +0000 http://www.kuwaitfinancialexpress.com/?p=307514 Zurich, Switzerland, May 04, 2023 (GLOBE NEWSWIRE) — Zurich, Switzerland, May 4, 2023 "" Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, has been selected by Pattern Energy to supply its high–voltage direct current (HVDC) and other advanced technologies for the SunZia Transmission Project. It will connect the 3,500–megawatt (MW) SunZia Wind project in New Mexico to the power grid in Arizona and Southern California, which will be among the world's largest transmission links delivering renewable energy.

Hitachi Energy's HVDC Light technology will efficiently transfer and integrate huge volumes of wind power over more than 885 kilometers (550 miles) into the regional power grid. This will significantly increase the availability of sustainable energy for homes and businesses throughout the region.

When complete, SunZia Wind will have a total power capacity of 3,500 MW, enough clean, renewable electricity to provide power to approximately three million Americans.1 The HVDC link will efficiently transmit up to 3,000 MW of this power west to Arizona. The HVDC Light system will be the largest voltage source converter (VSC) installation in the United States, one of the largest worldwide, and one of the country's longest HVDC connections.

"We are proud to be advancing a sustainable energy future for all in the southwestern United States, enabling Pattern Energy to integrate emission–free electricity into the regional grid serving Arizona and Southern California," said Niklas Persson, Managing Director of Hitachi Energy's Grid Integration business. "Our market–leading HVDC technologies combined with our execution expertise makes us the partner of choice to help the U.S. achieve its carbon–neutral targets by efficiently and reliably maximizing its renewable energy resources."

"Our collaboration with Hitachi Energy is an important milestone for the SunZia Transmission Project and will enable us to harness and carry this great energy potential to the areas where there is a high demand for renewable energy," said Hunter Armistead, CEO of Pattern Energy. "The use of HVDC technology will enhance power grid reliability and resilience and play a vital role in delivering clean energy and deploying a sustainable energy system in the U.S."

The SunZia Transmission project is a 3,000 MW HVDC link between Corona, New Mexico and Pinal County, Arizona. Hitachi Energy has already started work on designing and engineering the two HVDC Light converter stations, one at either end of the link. The transmitting station converts the power from AC to DC for transport in the overhead lines, then back to AC for integration into the receiving grid.

Hitachi Energy has partnered with Quanta Services, Inc. (Quanta) to provide a turnkey project solution for the SunZia project, including managing the HVDC construction and building installation at the associated project sites. Quanta is an industry leader providing specialized infrastructure solutions to the utility, renewable energy, communications, pipeline, and energy industries. The collaboration with Quanta is designed to leverage the core competencies of the two companies to deliver a best–in–class solution for the project. The HVDC converter stations are expected to be in–service by the end of 2025 to support final testing and commissioning of the SunZia Wind facilities in 2026.

To find the optimal solution that considers the impact of the new facility on the existing grid, a system study and a comprehensive interconnection and system impact analysis were conducted by Hitachi Energy s expert consultants.

Hitachi Energy will also supply "alternating current (AC) chopper' technology to help restore power if the power flow on the DC line or in the AC grid in Arizona is temporarily interrupted by weather and other contingency events.

Hitachi Energy has delivered more than half of the HVDC projects in North America. These include the Pacific Intertie transmission system, which transfers electricity from the Pacific Northwest to Los Angeles, the Quebec–New England link, which was the first large–scale multi–terminal HVDC transmission system in the world, and the Maritime link, which connects the Islands of Newfoundland and Nova Scotia, supporting the integration of renewable energy sources and improving grid stability. The company has also recently announced new HVDC projects including Champlain Hudson Power Express, the Chteauguay converter station modernization with Hydro Quebec, and the InterMountain Power Project.2

Note to editors

Hitachi Energy's HVDC solution combines world–leading expertise in HVDC converter valves, the MACH digital control platform3 converter power transformers and high–voltage switchgear, as well as in system studies, design and engineering, supply, installation supervision and commissioning.

HVDC Light is a voltage source converter technology developed by Hitachi Energy. It is the preferred technology for many grid applications, including interconnecting countries, integrating renewables and "power–from–shore" connections to offshore production facilities. HVDC Light's defining features include uniquely compact converter stations and exceptionally low electrical losses.

Hitachi Energy pioneered commercial HVDC technology almost 70 years ago and has delivered more than half of the world's HVDC projects.

1 https://sunzia.net/impact/
2 Hitachi Energy HVDC references North America
3 Modular Advanced Control for HVDC (MACH)

HVDC website:
https://www.hitachienergy.com/offering/product–and–system/hvdc

– END –

About Hitachi Energy Ltd.
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon–neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of approximately $10 billion USD.
https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://twitter.com/HitachiEnergy

About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company's consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.

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Hitachi Energy and Petrofac secure landmark offshore wind agreement worth approximately 13 billion euros http://www.kuwaitfinancialexpress.com/hitachi-energy-and-petrofac-secure-landmark-offshore-wind-agreement-worth-approximately-13-billion-euros/ Thu, 30 Mar 2023 08:01:29 +0000 http://www.kuwaitfinancialexpress.com/?p=307227 Zurich, Switzerland, March 30, 2023 (GLOBE NEWSWIRE) — Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, and Petrofac, a leading international service provider to the energy industry, have been selected by TenneT, the Dutch–German transmission system operator, to supply multiple offshore and onshore HVDC converter stations and associated infrastructure to accelerate the integration of bulk renewables into European power grids.

Hitachi Energy and Petrofac were awarded the multi–year framework agreement as part of TenneT's ambitious offshore wind “2GW Program"1, based on high–voltage direct current (HVDC) technology pioneered by Hitachi Energy.

The agreement includes an initial commitment to deploy six record–breaking renewable integration systems, five of which will connect offshore wind farms to the Dutch grid and the sixth to the German grid. Each of these connection systems has a capacity of 2 gigawatts (GW) and a voltage level of 525 kilovolts (kV) – a world–first for offshore wind.

This landmark framework agreement is the largest ever for Hitachi Energy. It confirms the opportunity to innovate how state–of–the–art technology can be deployed effectively and how new business models enable the scale needed for the green energy transition. The framework agreement approach allows Hitachi Energy and Petrofac to plan in advance and increase their workforce and manufacturing capacity timely as well as train people to have the skills needed in the industry while also capturing synergies between successive projects to meet the in–service dates.

Hitachi Energy will supply its HVDC Light converter stations, which convert AC to DC power offshore and DC to AC onshore. Petrofac will undertake the engineering, procurement, construction and installation (EPCI) of the offshore platforms and elements of the onshore converter stations.

The first contract under the framework, for the Ijmuiden Ver Alpha project, was awarded with immediate effect. The second, Nederwiek 1, is expected to be awarded later in the year. The framework also includes projects Doordewind 1, Doordewind 2, Nederwiek 3 and LanWin5, expected to be awarded over a 2024–2026 timeframe.

"This innovative business model will set the course for the integration of a huge amount of offshore wind power and gives visibility of the future. In fact, we are already hiring to expand our global delivery capacity and effectively fulfill these and other orders," said Niklas Persson, Managing Director at Hitachi Energy's Grid Integration business. "We're proud to be part of this journey and, along with our partner Petrofac, we are setting the benchmark for deploying offshore HVDC technology at scale and with speed."

"Today's announcement represents an exciting next step in Petrofac and Hitachi Energy's collaboration. We have already secured key resource and the yard capacity required to expedite the first two projects in TenneT's ground–breaking program," said Sami Iskander, Petrofac's Group Chief Executive. "By combining Petrofac's industry–leading EPCI expertise and Hitachi Energy's well proven technology, we look forward to supporting TenneT to connect larger, more effective wind farms to deliver affordable clean energy for millions of European homes."

"TenneT has the technical know–how, scale, and geographical position to connect wind energy from the North Sea. This is one of the most important infrastructure projects of the century; the green transformation of the energy system is key for the decarbonisation of industry," said Tim Meyerjrgens, COO of TenneT. "Together with our market partners, we are very proud to have achieved another important milestone. Together we secure decisive acceleration of the offshore grid development and set the course for the future European energy landscape."

"The new long–term approach goes hand in hand with a fundamental change in values towards a strong partnership. This approach enables both sides with more flexibility, technological progress, and planning security," said Marco Kuijpers, Director Large Projects Offshore of TenneT. This benefits all parties and secures employment, growth, and the strengthening of supply chains. We can already see that our partners invest in extra resources and facilities."

Hitachi Energy and Petrofac began working together in June 2022, to provide joint grid integration and associated infrastructure solutions to support TenneT's 2GW Program.2

In the same year, Germany, the Netherlands, Denmark and Belgium agreed to install at least 65 gigawatts of offshore wind energy combined by 2030 announced with the inter–governmental Esbjerg Declaration.3 At 40 gigawatts, almost two–thirds of this capacity is accounted for by TenneT, with 20 gigawatts each in the German and Dutch North Sea sectors.

1 TenneT's 2GW Program
2 Hitachi Energy and Petrofac to collaborate in growing offshore wind market
3 The Esbjerg Declaration

HVDC website:
https://www.hitachienergy.com/offering/product–and–system/hvdc

–END–

About Hitachi Energy Ltd.
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon–neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of approximately $10 billion USD.
https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://twitter.com/HitachiEnergy

About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company's consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.

About Petrofac
Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world's leading energy companies.

Petrofac designs, builds, manages and maintains oil, gas, refining, petrochemicals and renewable energy infrastructure. Our purpose is to enable our clients to meet the world's evolving energy needs. Our four values – driven, agile, respectful and open – are at the heart of everything we do.

Petrofac's core markets are in the Middle East and North Africa (MENA) region and the UK North Sea, where we have built a long and successful track record of safe, reliable and innovative execution, underpinned by a cost effective and local delivery model with a strong focus on in–country value. We operate in several other significant markets, including India, Southeast Asia and the United States. We have 8,000 employees based across 31 offices globally.

Petrofac is quoted on the London Stock Exchange (symbol: PFC). For additional information, please refer to the Petrofac website at www.petrofac.com

Media contacts:
Jocelyn Chang
Global Head of Public Relations & Content Strategy
Hitachi Energy
jocelyn.chang@hitachienergy.com

Sophie Reid
Group Head of Communications
Petrofac
sophie.reid@petrofac.com

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Hitachi Energy awarded major orders to integrate two large offshore wind farms with Poland’s power grid http://www.kuwaitfinancialexpress.com/hitachi-energy-awarded-major-orders-to-integrate-two-large-offshore-wind-farms-with-polands-power-grid/ Mon, 09 Jan 2023 08:19:46 +0000 http://www.kuwaitfinancialexpress.com/?p=306664 Zurich, Switzerland, Jan. 09, 2023 (GLOBE NEWSWIRE) — Zurich, Switzerland, January 9, 2023 "" Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, today announced it has won two major orders from Equinor and Polenergia to provide an AC grid connection and power quality solution for their jointly owned MFW Baltyk II and MFW Baltyk III offshore wind farms, with a combined generating capacity of 1,440 megawatts in the Polish sector of the Baltic Sea.

Hitachi Energy will provide each of the two wind farms with an offshore grid connection that will receive the power from the wind turbines and transfer it to shore, a mainland grid connection that will transmit the power into the national transmission system, and a STATCOM power quality solution to ensure that power flows reliably and stably at optimal capacity and at all times, despite the often high variability of wind power.

MFW Baltyk II and MFW Baltyk III are pending a final investment decision in 2024, and are scheduled to deliver first power in 2027. They will be one of the first offshore wind farms in Poland and part of the country's ambitious program to develop its offshore wind potential and increase the use of renewables in its electricity mix, which historically is dominated by coal. The government aims to have around 11 gigawatts of offshore wind capacity either operational or under development by 20271.

Hitachi Energy was selected in a competitive procurement process on the strength of its front–end engineering and design (FEED) studies and optimized solutions, its long track record of project execution excellence, and its close working relationships over many decades with Equinor and PSE (Poland's transmission system operator) and, most recently, Polenergia.

"Integrating large–scale renewable energy sources with the power grid is a key enabler of the energy transition and a field in which we have been a pioneer for decades," said Niklas Persson, Managing Director of Hitachi Energy's Grid Integration business. "Our grid connection technologies feature in offshore wind farms worldwide, and our power quality solutions resolve bottlenecks and keep the voltage stable and the energy flowing in power systems globally."

These project awards further underscore Hitachi Energy's position as a global leader in the offshore wind market and the partner of choice for wind farm developers, combining solid experience with grid technologies to help make the world's energy system more sustainable, flexible and secure by enabling new solutions and business models to be deployed at scale and with speed.

The company has been continuously developing its portfolio to better serve this market with the recent launch of its Grid–eXpand range of modular and prefabricated grid connection solutions that make it faster, simpler and more efficient to connect offshore wind farms to mainland grids, and with its complete portfolio of STATCOMs and E–STATCOMs for all power ranges, ensuring grid stability and power quality at all times.

The announcement follows a recent global agreement between Hitachi Energy and Equinor to collaborate on high–voltage transmission systems (AC and DC) to connect Equinor offshore wind farms and production facilities to mainland power grids worldwide.

1Global Wind Energy Council "" Global Offshore Wind Report 2022

– End –

About Hitachi Energy Ltd.

Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon–neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of approximately $10 billion USD.

https://www.hitachienergy.com

https://www.linkedin.com/company/hitachienergy

https://twitter.com/HitachiEnergy

About Hitachi, Ltd.

Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company's consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.

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