Hitachi Energy

Last updated

Hitachi Energy
Industry Energy technology
Founded2020 (2020)
Headquarters
Key people
Andreas Schierenbeck (CEO)
Ismo Haka (CFO)
Gerhard Salge (CTO)
Revenue US$13 billion (2023)
Number of employees
45,000
Website www.hitachienergy.com

Hitachi Energy Ltd. is a technology company headquartered in Zurich, Switzerland. The company's products include high-voltage equipment, transformers, and services for renewable energy.

Contents

The company is a subsidiary of multinational conglomerate Hitachi Ltd. The company was formerly known as Hitachi ABB Power Grids, following a joint venture with Hitachi Ltd. and ABB Power Grids in 2020, and was rebranded in 2021 as Hitachi Energy Ltd.

History

In July 2020, ABB divested its power grid business and sold 80.1% of that to Hitachi Ltd., leading to the formation of Hitachi ABB Power Grids. [1]

In October 2021, Hitachi ABB Power Grids changed its company name to Hitachi Energy. In December 2022, it was confirmed that Hitachi acquired the remaining 19.9 percent shares from ABB Ltd. [2]

Products and services

Hitachi Energy offers high-voltage switchgear and breakers, high-voltage direct current, transformers, substations, and power-system automation.

Notable projects

Hitachi Energy has been involved in several notable projects, such as:

See also

Related Research Articles

<span class="mw-page-title-main">High-voltage direct current</span> Electric power transmission system

A high-voltage direct current (HVDC) electric power transmission system uses direct current (DC) for electric power transmission, in contrast with the more common alternating current (AC) transmission systems. Most HVDC links use voltages between 100 kV and 800 kV.

<span class="mw-page-title-main">ABB</span> Swedish–Swiss multinational robotics and electrical equipment company

ABB Group is a Swedish-Swiss multinational electrical engineering corporation. Incorporated in Switzerland as ABB Ltd., and headquartered in Zurich, it is dual-listed on the SIX Swiss Exchange in Zurich and the Nasdaq Nordic exchange in Stockholm, Sweden, in addition to OTC Markets Group's pink sheets in the United States. ABB was ranked 340th in the Fortune Global 500 list of 2020 and has been a global Fortune 500 company for 24 years.

<span class="mw-page-title-main">HVDC Cross-Channel</span> Submarine HVDC interconnector between the UK and France

The HVDC Cross-Channel is the 73-kilometre-long (45 mi) high-voltage direct current (HVDC) interconnector that has operated since 1986 under the English Channel between the continental European grid at Bonningues-lès-Calais and the British electricity grid at Sellindge. The cable is also known as IFA, and should not be confused with the new IFA-2, another interconnect with France that is three times as long but only half as powerful.

<span class="mw-page-title-main">Path 27</span> Electrical transmission line in Southwestern United States

Path 27, also called the Intermountain or the Southern Transmission System (STS), is a high-voltage direct current (HVDC) electrical transmission line running from the coal-fired Intermountain Power Plant near Delta, Utah, to the Adelanto Converter Station at Adelanto, California, in the Southwestern United States. It was installed by Asea, a company based in Sweden, and commercialized in July 1986. The system is designed to carry power generated at the power plant in Utah to areas throughout Southern California. It is owned and operated by the Intermountain Power Agency, a cooperative consisting of six Los Angeles-area cities, the largest member being the Los Angeles Department of Water and Power (LADWP), and 29 smaller Utah municipalities.

NorNed is a 580-kilometre (360 mi) long high-voltage direct current submarine power cable between Feda, Norway and the seaport of Eemshaven in the Netherlands, which interconnects both countries' electrical grids. It was once the longest submarine power cable in the world. Budgeted at €550 million, and completed at a cost of €600m, the NorNed cable is a bipolar HVDC link with a voltage of ±450 kV and a capacity of 700 MW. NorNed is a joint project of the Norwegian transmission system operator Statnett and its Dutch counterpart TenneT. The cable system itself and the two converter stations were produced by ABB.

Murraylink is an Australian high voltage direct current electricity transmission link between Berri in South Australia and Red Cliffs in Victoria, connecting the two state electricity grids. Murraylink was commissioned in 2002 and is believed to be the world's longest underground transmission system and cost more than A$177 million. It was built by TransEnergie Australia, a subsidiary of Hydro-Québec. It was sold to the Australian Pipeline Trust in March 2006 for A$153 million. In December 2008 ownership of Murraylink was transferred to the newly formed Energy Infrastructure Investments Group, while APA continued as the operator. The ownership of EII is APA with 19.9%, with the balance with Japan-based Marubeni Corporation with 49.9% and Osaka Gas with 30.2%.

<span class="mw-page-title-main">Submarine power cable</span> Transoceanic electric power line placed on the seabed

A submarine power cable is a transmission cable for carrying electric power below the surface of the water. These are called "submarine" because they usually carry electric power beneath salt water but it is also possible to use submarine power cables beneath fresh water. Examples of the latter exist that connect the mainland with large islands in the St. Lawrence River.

TenneT is a transmission system operator in the Netherlands and in a large part of Germany.

<span class="mw-page-title-main">Wide area synchronous grid</span> Regional electrical grid

A wide area synchronous grid is a three-phase electric power grid that has regional scale or greater that operates at a synchronized utility frequency and is electrically tied together during normal system conditions. Also known as synchronous zones, the most powerful is the Northern Chinese State Grid with 1,700 gigawatts (GW) of generation capacity, while the widest region served is that of the IPS/UPS system serving most countries of the former Soviet Union. Synchronous grids with ample capacity facilitate electricity trading across wide areas. In the ENTSO-E in 2008, over 350,000 megawatt hours were sold per day on the European Energy Exchange (EEX).

BritNed is a 1,000 MW high-voltage direct-current (HVDC) submarine power cable between the Isle of Grain in Kent, the United Kingdom; and Maasvlakte in Rotterdam, the Netherlands.

HVDC DolWin1 is a high voltage direct current link built to transmit offshore wind power to the power grid of the German mainland. The project differs from most HVDC systems in that one of the two converter stations is built on a platform in the sea. Voltage-Sourced Converters are used and the total cable length is 165 km. The project was built by ABB and was handed over to its owner, TenneT, in July 2015, the fifth such project to be completed in Germany in 2015.

<span class="mw-page-title-main">HVDC HelWin1</span>

HVDC HelWin1 is a high voltage direct current (HVDC) link built to transmit Offshore wind power to the power grid of the German mainland. The project differs from most HVDC systems in that one of the two converter stations is built on a platform in the sea. Voltage-Sourced Converters are used and the total cable length is 130 km. The project was completed and handed over to its owner, TenneT, in February 2015.

Shetland HVDC Connection is a high-voltage direct current submarine power cable connecting Shetland to the British mainland.

The Southern Hami–Zhengzhou UHVDC is an ultra high-voltage direct current power transmission line from the north-west to central China.

<span class="mw-page-title-main">Anbaric Development Partners</span> American electric development company

Anbaric Development Partners (Anbaric) is an American electric power transmission and storage development company located in Wakefield, Massachusetts. The company develops smart grid, renewable energy, and large-scale electric transmission projects which use high-voltage direct current (HVDC) technology for clients in the United States and internationally.

<span class="mw-page-title-main">HVDC BorWin2</span>

HVDC BorWin2 is a high voltage direct current (HVDC) link built to transmit offshore wind power to the power grid of the German mainland. The project differs from most HVDC systems in that one of the two converter stations is built on a platform in the sea. Voltage-Sourced Converters are used and the total cable length is 200 km. The project was completed by the Siemens/ Prysmian consortium and handed over to its owner, TenneT, in January 2015, becoming the first such project to be completed.

HVDC DolWin3 is a high voltage direct current (HVDC) link to transmit Offshore wind power to the power grid of the German mainland. The project differs from most HVDC systems in that one of the two converter stations is built on a platform in the sea. Voltage-Sourced Converters with DC ratings of 900 MW, ±320 kV are used and the total cable length is 160 km.

<span class="mw-page-title-main">EuroAfrica Interconnector</span>

EuroAfrica Interconnector is a planned HVDC interconnector and submarine power cable between the Greek, Cypriot, and Egypt power grids. The Interconnector is an energy highway bridging Africa and Europe. It will have a capacity to transmit 2,000 megawatts of electricity in either direction. Annual transmission capacity will be rated at 17.5 TWh, much more than the annual production at the Aswan Dam power stations. President of Egypt Abdel Fattah el-Sisi, President of Cyprus Nicos Anastasiades and Prime Minister of Greece Kyriakos Mitsotakis, issued a joint declaration at the conclusion of the 7th Trilateral Summit, held in Cairo on October 8, 2019, in which they expressed their desire to continue strengthening their cooperation in matters of energy. In particular, the joint declaration by the three leaders stated they recognised the importance of establishing an electrical grid between Egypt, Cyprus and Greece, building on the framework agreement between the Egyptian Electricity Holding Company and the Euro Africa Interconnector Company on 22 May 2019.

<span class="mw-page-title-main">Eastern Green Links</span> Submarine power cables

Eastern Green Links are two planned submarine high voltage direct current power cables from the East coast of Scotland to Northeast England to strengthen the National Grid. The two links combined will deliver 4 GW of renewable energy from Scottish wind farms to England.

References

  1. "Hitachi makes Hitachi Energy a wholly owned subsidiary for 218 billion yen and acquires shares from ABB". www.bloomberg.co.jp. Retrieved September 30, 2022.
  2. "Hitachi complete Acquisition of ABB Power Grids". www.greentechmedia.com/. Retrieved May 1, 2020.
  3. Molly (March 6, 2019). "China's mega transmission lines". Power Technology. Retrieved August 14, 2023.
  4. "Hitachi Energy Partners with National Grid on World's First". Bloomberg.com. December 10, 2021. Retrieved July 4, 2023.
  5. "Hitachi Energy hands over North Sea Link Exchanging Renewable Energy". www.tdworld.com. Retrieved November 8, 2022.
  6. "Microgrid helps Indigenous Canadians use less diesel". www.tdworld.com. Retrieved April 8, 2022.
  7. "Petrofac, Hitachi Energy receive $14bn agreement from TenneT". www.reuters.com. Retrieved March 3, 2023.