ABB Power Products & Systems is now Hitachi Energy India
Following the recent rebranding of its parent company to Hitachi Energy, its operations in India today announced their evolution to ‘Hitachi Energy India Limited’. Formerly known as ABB Power Products & Systems India Limited, the business continues to be listed on India’s stock exchanges.
Hitachi Energy views India among its top five markets for expansion – a country which has significant potential in renewable energy, smart grids, grid modernization, and the electrification of transportation and industries including data centers.
Claudio Facchin, CEO, Hitachi Energy, said, “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.”
In the next five years, Hitachi Energy is aiming to augment its grid integration portfolio through power quality solutions and system studies, supporting the modernization of grids. It continues to strengthen its leadership position in the HVDC space – Hitachi Energy is behind 50 percent of all HVDC projects in India – and raise the share of its transformers and grid automation business in high-growth segments such as rail and data centers.
N Venu, Managing Director and CEO, Hitachi Energy India Limited, said, “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.”
He adds, “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.”
