ZURICH, SWITZERLAND – The business has renewed its purpose to as they said, “advancing a sustainable energy future for all”.
Following their press release from July, the company formerly known as Hitachi ABB Power Grids today announced its evolution to Hitachi Energy.
The business formally registered Hitachi Energy Ltd. on June 30, 2021 and are currently undertaking the formal process for the change of names globally, with the exception of China where the business will transition at a later date.
Claudio Facchin, CEO of Hitachi Energy, commented, “At Hitachi Energy, we are championing the urgency of a clean energy transition, through innovation and collaboration. There are many pathways towards a carbon-neutral future – to tackle this global challenge, we nurture diverse global teams, bringing authentic passion and enduring ownership.”
“By 2050, global electrification will near‐double in demand and electricity will be the backbone of the entire energy system. Delivering on the promise of a carbon-neutral future will take passion, trust and innovation – and the benefits will be for our generations and those to come. With our new name – Hitachi Energy – we are broadening our commitment to creating real impact for our customers and partners, our people and society,” Facchin went on to say.
The company have said that the carbon-neutral energy systems of the future will be highly interconnected and HVDC, will be one of the key enablers for bulk renewable energy resources integration and reliable interconnection across countries, regions, and continents.
To further help interconnections and meet the growing need for energy system flexibility, Hitachi Energy have said they will also be supporting customers with grid edge solutions such as microgrids and energy storage.
As part of Hitachi Energy’s ‘go live’ celebrations, Claudio Facchin will today host a dialogue with Steven Chu, 12th US Secretary of Energy, scientist and Nobel Prize co-winner for Physics (1997), and Lully Miura, Japanese scholar of international politics and a member of the Growth Strategy Committee of Cabinet Office of Japan.
The session titled, ‘Energy technologies and innovations that contribute to a carbon-neutral future’, will be streamed from the Hitachi Social Innovation Forum 2021 JAPAN. The focus will be on how to realize the ambitious net-zero targets that many countries have committed to and how to contribute to establishing a society that is more sustainable, flexible, and secure.
Through their Sustainability 2030 strategic plan,Hitachi Energy are addressing the urgency of the global energy transition and have set clear to become carbon-neutral in their own operations and expect to hit the first-step target achieving 100% fossil-free electricity in their own operations by 2022.
Source: Hitachi Energy