Features | 04.09.2024 | 2 min read
Hitachi Energy today announced an investment of over $200 million USD to significantly enhance its operations in Brazil, as part of the previously announced $1.5 billion USD investment plan to ramp up global transformer manufacturing capacity.
The investment, announced during the celebration of Hitachi Energy’s 70th anniversary in Brazil, is the largest one-time investment ever made by the company in the country the past decades, and will create more than 600 direct jobs. It will include the expansion and modernization of the Guarulhos’ transformer factory in São Paulo and the construction of a state-of-the-art greenfield transformer manufacturing facility, expected to be set up by 2028.
We are experiencing unprecedent momentum in the energy industry, with the energy transition demanding all the relevant stakeholders to collaborate and take urgent action toward a more sustainable future for all.
At Hitachi Energy we are leading this change and investing to expand our global footprint, to meet our customers’ long-term needs and positively impact our communities.
Hitachi Energy is leveraging its global footprint to support the global demand of transformers, driven by the continued efforts to further electrify the energy system. Factories like those in Guarulhos and Blumenau in Brazil, backed by the expertise and commitment of its teams, are supporting customers across the Americas, Europe and Middle East with power, distribution transformers, shunt reactors, components and services.
During its 70 years in Brazil, Hitachi Energy has supplied transformers for major HVDC transmissions systems like Belo Monte II; Itaipu, one of the world's largest hydroelectric plants; and Rio Madeira, one of the longest and most powerful transmission links in the world at 2,375 kilometers.
Transformers are an important part of the power value chain, enabling efficient transmission and distribution of electricity and facilitating the decarbonization of the energy systems. They are a key component for applications such as integrating renewables, grid interconnections, powering data centers, and electrifying transportation.
Hitachi Energy is the world's largest transformer manufacturer in terms of installed base, portfolio range, manufacturing capacity, and market coverage, with over 90 transformer factories and service centers across the world.
