Hitachi Energy and Samsung C&T expand collaboration
Hitachi Energy and Samsung C&T are expanding their collaboration to identify common objectives and explore business opportunities for HVDC projects.
Image credit: Hitachi Energy
South Korea: Hitachi Energy and Samsung C&T Corporation Engineering & Construction Group (Samsung C&T), one of the world’s largest engineering and construction companies, are expanding their strategic collaboration to identify common objectives and explore business opportunities for High-Voltage Direct Current (HVDC) projects worldwide, with a focus in the Middle East, Southeast Asia, and the Republic of Korea. This collaboration leverages the growing markets and the global trend toward electrification and power infrastructure expansion. By capitalizing on the increase in the global HVDC market, the companies are well-positioned to deliver efficient power solutions that meet the demand for clean energy. Hitachi Energy will provide its HVDC technology as part of the collaboration, while Samsung C&T will bring its EPC capabilities.
“We are delighted to deepen our trusted relationship with one of the world’s leading players in engineering and construction to support customers worldwide to deliver innovative and scalable power grid solutions, combining world-class digital and energy platforms. In today’s global power scene, partnerships, standardization of solutions, and new business models are key to meet the increased pace of change,” said Niklas Persson, Managing Director of Hitachi Energy’s Business Unit Grid Integration.
“We expect this strategic collaboration agreement to strengthen the cooperative relationship and maximize the innovation capabilities of the two companies. We will continue to foster collaboration and growth,” said Sung-Jun Kim, Executive Vice President of P&G Biz Development Team at Samsung C&T.
Source: Hitachi Energy
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