Hitachi Energy will invest an additional $4.5 billion by 2027 to strengthen the electricity grid and accelerate the clean energy transition.
Global tech company Hitachi Energy’s order backlog has more than tripled to over $30 billion since 2020. In just the last month, Hitachi Energy says it signed key HVDC framework agreements with RTE in France, RWE in Germany, and Marinus Link in Australia, as well as a service contract with Pattern Energy in the US for the SunZia Transmission Project. The company also announced the Sa.Co.I.3 interconnection between Italy and France.
So, the Zurich-headquartered company said on Friday that it will more than double its new investments over the last three years in manufacturing, engineering, digital, R&D, and partnerships across all major markets from 2024 to 2027.
This complements its $1.5 billion investment…