Showcased by the World Economic Forum2 as a technology that changed the world, HVDC power transmission has been instrumental in efficiently transporting electricity over long distances, integrating renewable energy, and interconnection of asynchronous power systems for more than 70 years. HVDC technology is poised to play a pivotal role in the evolving 2050 power system, completely reshaping how we power our lives.
Hitachi Energy has delivered more than half of the world’s HVDC projects, including the North Sea offshore wind grid connection projects DolWin 1 and 2, the EstLink 1, which enhances power security in the Baltic region and the unified European electricity market with secured reliability and availability as well as the recently inaugurated Caithness-Moray and Shetland project, the first voltage-sourced multi-terminal HVDC interconnection in operation in Europe.
This investment reflects Hitachi Energy’s long-term strategy to strengthen its operations in Ludvika, a vital hub for its global business, and is part of the $6 billion global investment announced in 20243+4. With the additional space and improved infrastructure, the company is well-positioned to accelerate innovation and meet the evolving needs of the energy industry.
Groundbreaking is planned for May 2025, and work is scheduled to be completed in 2027.