Hitachi Energy Invests $1.5 Billion to Meet Surging Transformer Demand
It comes on top of a $3 billion investment in 2020 to expand manufacturing and R&D
April 25, 2024
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Hitachi Energy, a subsidiary of Japan-based conglomerate Hitachi, will ramp up its global manufacturing capacity for transformers with a $1.5 billion investment by 2027, as a long queue for grid interconnections, particularly from renewables, is driving up demand.
Arshreet Singh
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