Hitachi Energy Officially Released, Fully Committed To Realizing A Sustainable Energy Future

JAKARTA - Hitachi ABB Power Grids announced a name change to Hitachi Energy. With this name change, the company affirms its solid commitment, namely to realize a sustainable energy future for all parties.

"At Hitachi Energy, we champion the urgency of a clean energy transition through innovation and collaboration. There are many opportunities ahead towards a carbon-neutral future to address these global challenges. We nurture a global team of people with diverse backgrounds with persistent passion and long-term ownership," said Hitachi Energy CEO Claudio Facchin, in a written statement, Friday, November 5.

Facchin continued, by 2050, the need for global electrification will double as electricity will be the backbone of the entire energy system. At Hitachi Energy, we have pioneered many of the technologies needed to advance a sustainable energy future for all and are committed to constantly pushing the boundaries of innovation.

"Fulfilling the promise of a carbon-neutral future requires passion, trust, and innovation so that the benefits will be felt by our generations and future generations. Under the new name Hitachi Energy we seek to expand our commitment to making a real impact for our customers and partners, all employees, as well as the wider community," he said.

Carbon neutral energy systems will be highly interconnected and HVDC2 (high-voltage direct current), the technology Hitachi pioneered more than 60 years ago, is one of the key technologies essential to enable mass integration of renewable energy resources and efficient interconnection reliable and applicable across countries, regions, and continents.

As the market leader in HVDC, Hitachi Energy enables many of these positive interconnection solutions, such as the recently announced Saudi Arabia HVDC interconnector award --Egypt HVDC interconnector (6 October 2021)-- the first large-scale interconnector in the Middle East and North Africa and the start of operation of the North Sea Link (October 1) at 720 kilometers. NSL is the world's longest underwater interconnector connecting Norway and the UK, this technology enables the exchange of renewable energy between countries.

To complement interconnections and also meet the increasing flexibility needs of energy systems, Hitachi Energy is also supporting customers with grid edge solutions such as microgrids and energy storage.

The most recent example can be seen in Cordova, Alaska, where people there have been able to reduce their dependence on fossil fuels, while being able to achieve energy independence.

As part of Hitachi Energy's 'go live' celebrations, Claudio Facchin also announced that they would be hosting an interesting dialogue with Steven Chu, the 12th United States Secretary of Energy, who is also a scientist and winner of the Nobel Prize for Physics (1997). Also attended by Lully Miura, an international political scholar from Japan and a member of the Growth Strategy Committee of the Japanese Cabinet Office.

The dialogue session entitled, 'Energy Technology and Innovation Contributing to a Carbon Neutral Future', will be broadcast live from the 2021 Hitachi Social Innovation Forum in Japan. The focus is on how to achieve the ambitious clean-zero targets that many countries have committed to and how Hitachi Energy contributes to building a more sustainable, flexible, and secure society.

One related topic is the importance of digitization which is critical to addressing the complexity and capacity challenges posed by the larger volume of variable renewable energy being integrated into the world's energy systems.

For example, by combining solutions with advanced digital services, Lumada Asset Performance Management provides health and performance insights to prevent critical asset failures while optimizing asset lifecycle costs. This enables customers to leverage online and offline data to drive a smarter risk-based approach to asset management.

Hitachi Energy supports collaboration between customers and partners to find global solutions to address the global challenges of an inclusive and equitable carbon-neutral future. Earlier this year, the company will launch EconiQ, a cost-effective and eco-friendly portfolio of outstanding solutions to address environmental impacts.

The EconiQ high-voltage portfolio is proven to significantly reduce the carbon footprint across the total lifecycle. The company also recently launched a portfolio of transformer products for offshore floating applications, designed to address challenging offshore environments and efficiently harvest and integrate wind into global energy systems, and directly support the transition to a sustainable energy future.