ABB Power Products & Systems India Rebrands as Hitachi Energy India

Claudio Facchin, CEO, Hitachi Energy

Zürich, Switzerland and Bengaluru, India – ABB Power Products & Systems India Ltd recently announced its rebranding to ‘Hitachi Energy India Ltd’, following the recent rebranding of its parent company to Hitachi Energy, reaffirming their commitment to accelerating the clean energy transition in India. The company is still listed under its previous name on India’s stock exchanges.

India is on a path to becoming carbon-neutral, and at the recent COP26 climate summit in Glasgow, it announced a five-point climate pledge for 2030, including a target of net-zero carbon emissions by 2070. Hitachi Energy, which has focused its Purpose on ‘Advancing a sustainable energy future for all’, views India as one of its top five markets for expansion, with significant potential in renewable energy, smart grids, grid modernization, and the electrification of transportation and industries, including data centers.

According to the International Energy Agency’s India Energy Outlook 2021 report, India will need to add a power system the size of the European Union to what it currently has to meet growth in electricity demand over the next twenty years. Hitachi Energy aims to broaden its portfolio to meet the changing needs of India’s energy landscape and grow faster than the market to meet rising demand. The company is focusing its efforts on localizing its global product portfolio, developing indigenous capabilities, and creating new jobs.

N Venu, Managing Director and CEO, Hitachi Energy India Ltd

Hitachi Energy plans to expand its grid integration portfolio over the next five years by offering power quality solutions and system studies to help grids modernize. It continues to strengthen its leadership position in the High Voltage Direct Current (HVDC) space – Hitachi Energy is responsible for half of all HVDC projects in India – and raise the share of its transformers and grid automation business in high-growth segments like rail and data centers.

With its new brand name, Hitachi Energy India, the company will be able to effectively position its pioneering technologies and services to existing and future customers expanding beyond the grid, opening up a wide range of opportunities in areas such as sustainable mobility and smart life, as well as contributing additional economic, environmental, and social value.

“We are championing the urgency of a clean energy transition through innovation, collaboration, and through the combination of IT, operational technology (OT), products, and services that can be deployed today,” said Claudio Facchin, CEO, Hitachi Energy. “India is pursuing ambitious clean energy pathways and together with customers and partners, we are excited to support technologies that enable more integration of renewables such as High Voltage Direct Current (HVDC) interconnections and grid edge solutions. Technologies for enhancing energy efficiency and improving the transport infrastructure will also help to further develop the green growth opportunities – and as Hitachi Energy, we are committed to continue pushing the boundaries of innovation in India and delivering on the promise of a carbon-neutral future.”

Emphasizing on the parent company’s strong track record and six-decade heritage of investing and ‘making’ in India, N Venu, Managing Director and CEO, Hitachi Energy India Ltd, elaborated, “About 80 percent of our products are manufactured locally and we are the single-point source for Hitachi Energy’s global supply of certain products. Hitachi Energy has global engineering centers in Chennai, employing over 1,500 engineers which support its R&D and execution of systems, products, and factories in over 40 countries. We believe in India’s fundamental growth drivers and are increasing our footprint, opening new factories, and expanding existing ones. As part of Hitachi Energy’s vision 2025, we aim to boost the digitalization of our products, consultancy and services, and exports in high-growth segments to drive India’s energy transition.”

Image Source: Hitachi Energy

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