Hitachi Energy

What Hitachi Energy does

Hitachi Energy is a global technology provider of power grid and energy infrastructure solutions, headquartered in Zurich, Switzerland, and operating as a wholly-owned subsidiary of Hitachi, Ltd. (TYO: 6501). Formed when Hitachi acquired ABB's Power Grids division in 2020, the company traces its heritage to Brown Boveri and ABB's grid business, with operations spanning 80+ countries across EMEA, Americas, Asia Pacific, and the Middle East. Its core technology portfolio centers on high-voltage direct current (HVDC) transmission systems, including the proprietary HVDC Light voltage source converter platform, the Grid-enSure suite of power electronics (STATCOMs, BESS, SFC), transformers, high-voltage switchgear, and grid automation software (Network Manager, Lumada APM, MACH control and protection). The EconiQ sub-brand addresses environmental sustainability with SF6-free alternatives and natural ester-filled equipment.

The company generates revenue primarily through project-based enterprise sales of large-scale power infrastructure to utilities, grid operators, renewable energy developers, offshore wind developers, data center operators, and industrial customers. Revenue streams include hardware sales (HVDC systems, transformers, switchgear), professional services (installation, commissioning, asset lifecycle management), and recurring service agreements (e.g., 20-year BESS service contracts, 3-year master outage agreements). Sales cycles are long and project-based, with marquee contracts including the $11B SunZia HVDC project (3,000 MW, 550-mile, largest in US history), the €770M Italy-Tunisia Elmed submarine link (first Europe-North Africa HVDC connection), the Western Isles 1.8 GW HVDC link, and ₹20,000 crore of HVDC orders in India including two 6GW projects.

Hitachi Energy's go-to-market combines direct enterprise sales teams, strategic partnerships with EPC contractors (Samsung C&T, Volvo CE), technology partnerships with developers (Ørsted for offshore wind, Synertec for Australian BESS), and long-term service agreements that lock in 20+ year revenue streams. The India subsidiary, which accounts for a portion of consolidated revenue, reported FY26 revenue growth of 28% YoY, EBITDA growth of 111% YoY, and PAT growth of 203% YoY, with order inflows of ₹18,500 crore. The company is investing $9B+ through 2027, hiring 15,000+ employees globally, expanding manufacturing footprint (new Vadodara LPT factory, Otelfingen tech hub, Glasgow engineering center), and pursuing strategic acquisitions (eks Energy, COET, Canduct Group) to address supply chain bottlenecks in transformer components, EV charging, and solar inverters. AI capabilities are deployed through the HMAX Energy suite and Lumada APM for predictive maintenance, while the company holds 48% market share in India's HVDC segment and targets 30% of India's data center spending through its 'grid-to-rack' power solutions portfolio.

Name

Hitachi Energy

Legal name

Hitachi Energy Ltd

Website

https://hitachienergy.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Hitachi Energy is a global provider of power grid and energy infrastructure solutions, including HVDC transmission systems, transformers, grid automation, and energy storage, serving utilities, renewable developers, offshore wind operators, and data center customers across 80+ countries as a subsidiary of Hitachi, Ltd.

Ownership category

akta.pro rank

Product category

Power Grid Infrastructure

NAICS

Switchgear and Switchboard Apparatus Manufacturing (335313), Electric Power Transmission, Control, and Distribution (22112)

SIC

Switchgear & Switchboard Apparatus (3613), Electronic & Other Electrical Equipment (No Computer Equip) (3600), Electric Services (4911)

akta.pro primary industry

High-Voltage Electrical Systems (Switchgear, Transformers, Protection & Control) (EUAEAFAA)

akta.pro secondary industries

FACTS / Reactive Power & Power Quality Systems EPC (SVC/STATCOM, Capacitor Banks) (EUAEABAE), Network Engineering, Integration & Field Deployment Services (Design, Build, Test) (EUADAIAM)

Keywords

• High voltage direct current
• Power grid solutions
• Power transformers
• Energy storage systems
• Grid automation software

Headquarters

HQ city

Zürich

HQ country

Switzerland

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Technology or R&D, Supply Chain, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Power Grid Infrastructure Solutions: Hitachi Energy generates revenue through the sale of high-voltage power transmission equipment including HVDC systems, transformers, switchgear, and grid automation solutions. Revenue is project-based with long sales cycles and multi-year implementation timelines. The company also provides integrated 'grid-to-rack' power solutions for data centers.
2. Grid Modernization Services: Services for installing, commissioning, maintaining, and upgrading power grid infrastructure. Includes outage management agreements, asset lifecycle management, and consulting services. Supporting growing electrification demand from data centers and EVs.
3. Long-term Service Agreements: Extended service contracts for power conversion and grid equipment, including 20-year service agreements for BESS projects. Provides recurring revenue through maintenance, upgrades, and strategic spare parts management.
4. Data Center Power Solutions: Integrated power infrastructure solutions for data centers, from grid-level connection to server rack-level distribution. Target of 30% share of India's data center spending through 'grid-to-rack' portfolio.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Hitachi Energy designs, manufactures, and services power grid infrastructure including High-Voltage Direct Current (HVDC) transmission systems, large power transformers, high-voltage switchgear and breakers, Flexible AC Transmission Systems (FACTS), battery energy storage systems, power converters, and complete substations. It complements this hardware portfolio with grid automation and protection software (Network Manager SCADA), asset performance management (Lumada APM), and the HMAX Energy AI-powered service suite. Customers are primarily utilities, grid operators, renewable energy developers, data center operators, and large industrial companies procuring large-scale, multi-year infrastructure projects and long-term service agreements.

Product overview

Hitachi Energy offers a comprehensive power and energy technology portfolio organized around transmission and distribution infrastructure, power electronics, and digital solutions. The core product portfolio includes HVDC (High-Voltage Direct Current) transmission systems, transformers, Grid-enSure power electronics solutions (encompassing STATCOMs, BESS, and static frequency converters), Flexible AC Transmission Systems (FACTS), energy storage systems, and power conversion solutions. These are complemented by high-voltage equipment including switchgear, circuit breakers, instrument transformers, capacitors, surge arresters, cable accessories, and generator circuit breakers. The software portfolio includes SCADA and control systems, Asset & Work Management, Energy Portfolio Management, Grid and Generation Management (Network Manager), and Grid Edge Solutions. The company also offers services through EnCompass Agreements and EconiQ Consulting. Recent additions include the HMAX Energy AI-powered service suite, Lumada APM predictive maintenance platform, and HyFlex Compact zero-emission power hub. The EconiQ eco-efficient sub-brand covers sustainable product alternatives. Strategic acquisitions include eks Energy (solar inverters), COET (EV charging equipment), and Canduct Group (transformer insulation).

Differentiator

Problem solved

Functional benefit

Products and services

• HVDC (High-Voltage Direct Current) High-Voltage Direct Current transmission technology for long-distance bulk power transfer, offshore wind connections, and grid interconnections, enabling efficient power delivery with minimal losses for utilities and grid operators.
• Transformers Large power transformers for high-voltage transmission, HVDC systems, power generation, AI data centers, and industrial electrification projects.
• Grid-enSure Power electronics solutions portfolio providing resilience and stability for power grids through HVDC converters, STATCOMs, battery energy storage systems, and static frequency converters, with grid-forming capability.
• FACTS (Flexible AC Transmission Systems) Advanced power electronics solutions for enhancing transmission system capacity, improving grid stability, and controlling power flow in AC transmission networks.
• Energy Storage Battery energy storage systems (BESS) and solutions for grid-scale energy storage, renewable integration, and power quality management.
• Power Conversion Power electronics solutions including converters and inverters for renewable energy integration, battery storage systems, and grid applications.
• High-Voltage Switchgear & Breakers High-voltage switchgear, circuit breakers, and disconnectors for protection and control of power transmission and distribution systems.
• Substations & Electrification Complete substation solutions including design, equipment, and integration services for power transmission and distribution electrification projects.
• Automation, Protection and Control

Quantifiable outcome

• SunZia project can avoid 9 million metric tons of CO2 emissions annually, equivalent to taking 3 million gasoline-powered cars off the road
• +4 more outcomes

Named customers12 records

Segments7 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability9 records

Feature8 records

Partnerships

Nine partnerships are on record, tiered core and supporting.

• Alinta EnergycoreStrategic or Co-development Partner · 11 June 2026Three-year master outage agreement covering outage planning, maintenance, and asset lifecycle management for Alinta's generation fleet in Australia. Covers three power stations: 464MW Braemar (Queensland), 392MW Wagerup, and 285MW Pinjarra (Western Australia). Hitachi Energy will provide condition assessments, equipment overhauls, upgrades, and strategic spare parts management.
• Volvo Construction EquipmentsupportingStrategic or Co-development Partner · 1 June 2026MoU signed to jointly develop and deploy battery electric construction equipment powered by clean, renewable energy for zero-emission construction sites. Combines Volvo CE's construction equipment expertise with Hitachi Energy's grid integration capabilities. Initial focus on business and go-to-market-oriented collaboration targeting seamless integration between machines, electrical infrastructure, and energy management systems.
• SynertecsupportingStrategic or Co-development Partner · 5 May 2026Non-binding MoU for joint pursuit of battery energy storage system (BESS) and microgrid projects across Australia, focusing on 5MW to 30MW opportunities with potential for larger projects. Combines Hitachi Energy's power conversion and grid integration technology with Synertec's Powerhouse engineering-led integration platform over 36-month term.
• ØrstedcoreStrategic or Co-development Partner · 27 April 2026Strategic partnership for offshore wind electrical systems aimed at reducing the cost of offshore wind energy. Partnership seeks to leverage both companies' expertise in offshore wind grid integration to advance renewable energy deployment.
• Samsung C&TcoreStrategic or Co-development Partner · 14 April 2026Expanded strategic collaboration on high-voltage alternating current (HVAC) grid infrastructure worldwide. The partnership establishes a framework for joint assessment of AC prospects, shared go-to-market roadmap, and combined delivery capabilities. Builds on proven collaboration in HVDC projects including Project Lightning for ADNOC in UAE and Marinus Link in Australia. MoU signed April 14, 2026 at Hitachi Energy's Zurich headquarters.
• GE VernovasupportingTechnology or IntegrationGE Vernova mentioned as a key competitor and technology partner in the power discrete and module market. ASTA Energy Solutions partnership announcement lists GE Vernova alongside Siemens Energy and Hitachi Energy as key OEM partners.
• Siemens EnergysupportingTechnology or IntegrationSiemens Energy mentioned alongside Hitachi Energy and GE Vernova as key OEM partners for ASTA Energy Solutions in power electronics applications.
• ABBsupportingTechnology or IntegrationABB mentioned alongside Siemens, Schneider Electric, Eaton, and Hitachi Energy as dominant suppliers in the Australia and Oceania power load balancers market, controlling 55-65% of regional revenue.
• Careers Electric CoalitionsupportingStrategic or Co-development PartnerHitachi Energy joined the Careers Electric workforce development coalition targeting 25,000 skilled electrical trades workers over 10 years. Coalition backed by $9.25 million from Siemens Foundation with founding partners including ABB, Amazon Web Services, Duke Energy, JetZero, and NC Electric Cooperatives.

Scale indicators23 records

Recent moves8 records

Expansion highlights7 records

Market position

Competitive moat6 records

Customer concentration

• Xx.com/HitachiPG

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries4 records

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hitachi Energy