Hitachi Energy to invest $250 M to address transformer shortage
Hitachi Energy is investing additional $250 M to address global transformer shortage.
Image credit: Hitachi Energy
USA / Global: On March 10, at CERAWeek, Hitachi Energy announced additional major investments of more than $250 M by 2027 to expand global production of critical components for transformers.
As industries like data centres and AI drive unprecedented electricity demand, the need for transformers has surpassed projections. In response, Hitachi Energy is ramping up production and reinforcing supply chains in the US and globally. This move follows its recently announced $6 B investment, underscoring the growing transformer shortage.
The US investment includes hiring more than 100 people to expand domestic key component manufacturing to strengthen local supply chain.
These investments bolster Hitachi Energy’s manufacturing capabilities across the US, enhancing production capacity at the company’s transformer factories in Virginia, Missouri, and Mississippi. It includes transformer components such as bushings and insulation.
This pivotal move will also help alleviate the broader, ongoing transformer supply shortage, ensuring increased production capacity and supply-chain resilience. The global investment programme, one of the most significant in the industry today, also strengthens Hitachi Energy’s manufacturing capabilities in Asia, South America, and Europe.
Source: Hitachi Energy
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