Energy Hitachi Energy Hitachi (before Hitachi ABB Power Grids)

Hitachi Energy Ltd. Is a global technology company promoting the concept of a sustainable energy future worldwide. Collaborates with customers in the energy, industrial and infrastructure sectors, offering innovative solutions and services at all stages of the supply chain. Provides the digital transformation needed to accelerate the transition to carbon-neutral energy of the future.

Headquartered in Switzerland, the company employs about 38,000 people in 90 countries.

History

2022:100% reduction of fossil fuel use in own enterprises

Hitachi Energy uses electricity in its own enterprises, 100% produced without fossil fuels. The company announced this on February 4, 2022.

The company aims to make its production carbon-neutral by 2030, in line with its goal of "Ensuring a sustainable energy future around the world."

By achieving the goal of 100% fossil fuel-free electricity use in our own operational processes, we have reduced our CO2 emissions by more than 50% compared to 2019, said Claudio Fackin, CEO of Hitachi Energy. Net Zero's mission is global, and it is to act now by innovating and collaborating across countries, industries, and communities. Together with customers, partners and all stakeholders, we are making the global energy system more reliable, flexible and secure.

The target 50% reduction achieved ahead of schedule would be approximately 175 kilotons of ^CO2 per year, equivalent to removing more than 35,000 cars from roads cars.

To achieve 100% use of "clean" electricity in its own operational processes - and in support of Hitachi Group's carbon neutrality goal 3 - the company chose a number of areas, including support for fossil fuel-free proprietary electricity projects, such as the installation of solar panels on the roof in combination with e-meshTM digital solutions for distributed energy resources that maximize energy efficiency and minimize ^CO2 emissions. At its Zhongshan Plant in China, the company produces almost 20% of its total electricity consumption from solar panels. The plant is expected to generate 1,510 megawatt hours (MWh) in its first year of operation, which will reduce annual carbon emissions by more than 1,000 tons.

To eliminate fossil fuels altogether, Hitachi Energy also switched to green tariffs, acquired Energy Certificates (energy attribute certificate/EACs) and signed Power Purchase Agreements (PPAs) for its manufacturing processes and facilities in 90 countries.

Thinking about the future, Hitachi Energy continues to invest in its transition to carbon neutrality by further improving energy efficiency, as well as electrifying its own operational processes. In the city of Ludwika (Sweden), the company uses 100% renewable electricity generated by hydroelectric power plants and solar panels to maintain its operations as of February 2022 . The Ludvika factory not only solved the problem of electricity supply, but as of February 2022 it is close to abandoning the use of all fossil fuels in all its production processes.

The company has sufficient experience in implementing its own technologies in its operational activities to integrate renewable energy sources.

Following the plan and goals of Sustainable Development 2030, the company remains committed to strengthening activity aimed at sustainable business development.

2021: Renaming to Hitachi Energy

Hitachi ABB Power Grids on July 6, 2021 announced its intention to further develop and rename Hitachi Energy from October 2021. The decision to change the name was made with the consent of the board of directors and shareholders of the company.

A market and technology representative headquartered in Zurich, Switzerland, the company has a legacy of innovative developments that have helped expand access to safe, reliable and trustworthy electricity for more than a century. Advances range from innovative innovations, such as commercial technology for long distances of HVDC, which allows countries to transfer thousands of kilometers of large amounts of energy with minimal losses while reducing carbon dioxide emissions, to the creation of micro-networks and energy storage solutions that, combined with modern intelligent control systems, provide reliable distributed energy availability. This has played a leading role in building a more secure, smart and environmentally sound global energy system.

Hitachi ABB Power Grids aims to provide a sustainable power supply for the future. The transition to the name Hitachi Energy reflects the rapidly changing energy landscape and the ability to create economic, environmental and social values; and, together with Hitachi, allow businesses to position their innovative and digital technologies to serve existing and future customers, going beyond the power grid and opening up a wide range of opportunities in areas such as environmentally sound mobility, smart infrastructure and data centers. By combining digital solutions and services such as Hitachi Lumada with an energy platform based on knowledge and experience, the business serves customers and partners, together creating global solutions to address the common challenge of an inclusive and equitable future with zero carbon balance.

With climate change and the increase in natural disasters worldwide, three social challenges need to be addressed: environment, sustainability, security and reliability. Hitachi ABB Power Grids offers many solutions that address these social issues, and by changing the company name to Hitachi Energy, we further strengthen our commitment to building a sustainable society. Hitachi and Hitachi Energy will contribute to solving social problems and improving the quality of life of people by implementing social innovations in the field of energy with customers and partners, said Toshiaki Higashihara, executive chairman and chief executive officer of Hitachi.

To create a sustainable society, the use of digital technologies becomes indispensable in all areas. In the energy field, power grids are expected to be at the center of innovation as they are very close to digital, and I am confident that Hitachi Energy will be the leader in implementing these innovations. Hitachi will combine digital technologies like Lumada with Hitachi Energy's energy technologies to introduce innovative energy solutions that create social, environmental and economic values, noted Kaji Kojima, President and Chief Operating Officer of Hitachi.

Шаблон:Quote 'author = said Claudio Fackin, Chief Executive Officer of Hitachi ABB Power Grids.

Hitachi ABB Power Grids will change its name to Hitachi Energy from October 2021. The company officially registered Hitachi Energy Ltd. on June 30, 2021 and as of July 2021 is conducting an official name change process worldwide.

2015: Installation of solar panels in South Africa

in 2015, solar panels with a capacity of 750 kW and a 1 MVA/380 kWh battery-powered energy storage (PowerStoreTM) were installed on the roof in South Africa to improve renewable energy efficiency and ensure continuous energy supply.

2020: Transfer ABB 80.1% to Hitachi

• According to Hitachi, in fiscal 2020, our business volumes amounted to about $10 billion.

On July 3, 2020, ABB announced an important milestone towards transformation into a decentralized global technology company, completing the transfer of 80.1% of Hitachi's Power Grids business unit as planned.

The handover will allow ABB to focus on key market trends and customer needs, primarily related to transport electrification, digital solutions and process automation, and the drive for sustained productivity gains.

The deal announcement marks a turning point in ABB's history. Since the announcement of the intention to transfer the Electric Networks business unit to Hitachi, ABB has made significant progress towards transforming into a more customer-oriented company with a simplified structure. We believe that Hitachi will become the best owner for the Electric Networks business unit and take it to the next stage of development, based on the reliable foundation laid by ABB, said Peter Vozer, chairman of the ABB board of directors. - ABB still intends to repurchase shares using net cash from the transaction. The company plans to implement this step in an efficient and responsible manner, taking into account prevailing circumstances.

In accordance with the capital structure optimization program, ABB plans to return to shareholders net cash from the sale of the Electric Networks business unit in the amount of 7.6-7.8 billion US dollars. Initially, ABB planned to launch a repurchase program in the amount of 10% of the issued share capital of the company immediately after the publication of financial results for the second quarter of 2020. The program will cover about 180 million shares, excluding repurchased own shares of the company.

The share repurchase program will be implemented as part of the second trading limit on the Swiss Exchange, the program is scheduled to be completed by March 25, 2021, that is, before the date of the Annual General Meeting of Shareholders of the company. At the Annual Meeting, ABB will ask shareholders to approve the redemption of shares purchased under the program and disclose further details of the initiative to optimize the company's capital structure. ABB intends to maintain its credit rating at A1 at all times.

With its asset sales program, ABB looks to the future with confidence, focusing primarily on offering to industrial customers. Now, by leveraging our technology benefits and solutions, we will work to deliver maximum value to customers, employees, and shareholders. For this purpose, we will develop our decentralized business model, strengthen the culture of efficiency management and support active portfolio management, "said Bjorn Rosengren, ABB Executive Director.

ABB - a long-term partner of Hitachi - will initially retain a stake in the authorized capital of the joint venture, which will operate under the Hitachi ABB Power Grids brand, headquartered in Switzerland, in the amount of 19.9%. A joint venture in the electric power industry with customers from more than 90 countries of the world, the revenue of which in annual terms is about 10 billion US dollars, the number of employees is about 36,000 people. The joint venture's Board of Directors includes Timo Ihamuotila, ABB CFO, Frank Duggan, a former ABB Executive Committee member. Claudio Faccin will take over as CEO of Hitachi ABB Power Grids.

The terms of the deal with Hitachi have remained unchanged since their publication on December 17, 2018, the value of 100% of the participation in the enterprise is 11 billion US dollars. According to the preliminary development of events, ABB will transfer the remaining interest of 19.9% within three years after the completion of the transaction.