Features | Madrid, Spain | 19.07.2024 | 2 min read
Hitachi Energy today announced an investment of over 80 million euros (approx. $87 million) to expand its transformer operations in Spain. The project will generate up to 75 new jobs in the country and is part of the $1.5 billion investment to ramp up global transformers production to meet the rising demand.
The investment will expand the Power Transformers facility in Cordoba to over 32,000 square meters. Combined with process enhancements, the upgraded facility will optimize performance and boost the company's global transformers manufacturing capacity. The mayor of Cordoba city and other regional and local authorities visited Hitachi Energy’s facilities to reiterate their support for employment creation and to attract investment to the region.
Operational since 1930, the facility in Cordoba is one of Hitachi Energy's key manufacturing locations in Europe. It is specialized in the company's TrafoStar global core technology platform and shell transformers, complemented by operations in Galindo, Bilbao. The investment will upgrade the capacity of both product lines and expand its operations to produce shunt reactors.
The transformer investments in Spain is a great example of our commitment to expand our global footprint and capacity at speed and with the scale to meet the long-term needs of our customers and, at the same time, have a positive impact on the local communities, contributing to our social innovation efforts.
Transformers are critical components of the electrical grid. They are essential for stepping up or down voltage levels, contributing to the efficient transmission and distribution of electricity and the overall reliability and stability of the system, and enabling the generation and integration of clean energy sources and the electrification of industries.
Over the years, the factory in Cordoba has delivered transformers to many leading power generation and transmission system operators, utilities, and industries in Europe, North America, and other parts of the world. It has also been a contributor to the successful development of the high-voltage transmission network in Spain, the electrification of the railway infrastructure and integration of renewable energy generation.
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We are advancing the world’s energy system to be more sustainable, flexible and secure and we collaborate with customers and partners to enable a sustainable energy future – for today’s generations and those to come. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries, serving customers in utility, industry, transportation, data centers and infrastructure sectors. With innovative technologies and services including the integration of more than 150 gigawatts of HVDC links into the power system, we help make the energy value chain more efficient, making electricity more accessible to all. Together with stakeholders across sectors and geographies, we enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. Headquartered in Switzerland, we employ around 45,000 people in 90 countries and generate business volumes of around $13 billion USD.
https://www.hitachienergy.com
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Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the 3 business sectors of “Digital Systems & Services” – supporting our customers’ digital transformation; “Green Energy & Mobility” – contributing to a decarbonized society through energy and railway systems, and “Connective Industries” – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co-creation with our customers. The company’s revenues as 3 sectors for fiscal year 2023 (ended March 31, 2024) totaled 8,564.3 billion yen, with 573 consolidated subsidiaries and approximately 270,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.
