Increasing U.S. production of power grid equipment by Hitachi
Hitachi Energy Ltd., a global leader in electrification and a pioneer in powering a sustainable energy future, has announced plans to invest over $1 billion USD in the United States by fiscal 2027. This investment forms part of Hitachi Energy's global power grid infrastructure expansion and is not related to Japan's 550-billion-dollar investments and loans agreed in the two countries' tariff negotiations.
The investment is aimed at bolstering the production capacity for power grid equipment in the United States, in response to the growing power demand driven by the increasing number of artificial intelligence data centers in the country. This investment is also part of the AI promotion policy of the administration of President Donald Trump.
The investment will see Hitachi Energy spend $457 million USD on the construction of a new transformer plant in Virginia. The remaining amount will be used to expand existing facilities. The investment is focused on the United States and is intended to strengthen Hitachi's position in the global power grid equipment market.
Besides the transformer plant in Virginia, Hitachi Energy is investing $106 million USD to expand transformer component manufacturing capacity at a facility in Alamo, Tennessee. This expansion will include the addition of production lines and the creation of approximately 100 new jobs.
The investment by Hitachi Energy is expected to create thousands of new jobs in the United States, contributing significantly to the country's economic growth and energy infrastructure development. The investment is part of Hitachi Energy's commitment to powering a sustainable energy future and its dedication to innovation in power grid technologies. The investment will be completed by fiscal 2027.
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