Durgesh Patel’s Post

Demand is greater than capacity.

We are entering the era of electricity, with annual demand projected to increase 2.5 times in the coming decades and new dimensions. By 2030, data centers alone could account for 3-8% of global electricity consumption. The rapid expansion of renewable electricity sources is also putting pressure on power grids and increasing demand for critical equipments like transformers - a market expected to grow from $48 billion today to $67 billion by 2030. At Hitachi Energy, we recognize our essential role in this transition and are making substantial investments in our expansion. Collaboration is also essential for us because we believe that no company can do it alone. Our growth goes beyond business objectives; it is a relevant contribution to decarbonize the energy sector, aligned with Hitachi Energy’s purpose: advancing a sustainable energy future for all. Financial Times article (subscribers only): https://lnkd.in/e_Znq_PF Hitachi Hitachi Energy Teaser image credits: opening of the Financial Times article.

In beautiful British Columbia, #BCHydro along with their owner and single shareholder “Province of BC” are stewards of #decarbonization by #electrification. I have been part of this ecosystem in BC, externally for the past 14 plus years and more internally in the last 6 months.. It is an absolutely outstanding feet to achieve provincial electrification goals given the speed and scale of deployment necessitated to facilitate this industrious shift from a predominantly fossil fuel powered region. That said, this will not be possible without strong policy #leadership. However, what is truly magnificent is to see the fortitude and caliber of people who are making this happen! Salute to these unseen soldiers… the real power ⚡️behind global electrification.

New articles from Transformers Magazine: Hitachi Energy invests in GIS and GIL in the Czech Republic Hitachi Energy is investing over 1.1 billion CZK (approximately $47 million) to expand its high-voltage products factory in Brno, Czech Republic. Read more here: https://lnkd.in/dGBtwWv9 Check out more news in the comments! #Czechia #highvoltage #investment Hitachi Energy, Dirk Uhde

In a bid to meet the surging global demand for transformers and bolster electrification efforts worldwide, Hitachi Energy unveiled plans to inject over $1.5 billion into ramping up its global transformer manufacturing capacity by 2027. This substantial investment aims to address the long-term needs of customers while creating over 4000 jobs across its expanding operations. The investment initiative will see capacity expansions across Europe, the Americas, and Asia, leveraging Hitachi Energy's existing global footprint. Notably, a significant portion of the investment, approximately $180 million, will be allocated towards establishing a cutting-edge transformer factory in the Vaasa region of Finland. Read more: https://lnkd.in/eV27zBBV #transformers #investment #renewableenergy

SHURA Energy Transition Center has published its report titled “Transportation Sector Transformation: Integrating Electric Vehicles into Türkiye’s Distribution Grids”. Providing an in-depth analysis of the integration of electric vehicles into Türkiye’s electricity distribution networks, the report considers scenarios of their increase until 2035, and proposes strategic solutions to mitigate potential challenges. Click here to read the report: https://lnkd.in/dR4W8pw2

Shura Energy Transition Center (SHURA Enerji Dönüşümü Merkezi) has published its report titled “Transportation Sector Transformation: Integrating Electric Vehicles into Türkiye’s Distribution Grids” in which modelling and analysis of grid impacts of electric vehicles are performed by EPRA Energy. The report provides an in-depth analysis of the integration of electric vehicles into Türkiye’s electricity distribution networks considering different scenarios for the target year 2035 and proposes strategic solutions to mitigate potential challenges with the grid. Click here to read the report: https://lnkd.in/dR4W8pw2

🔋 Advanced Battery Energy Storage System (BESS) Research Report 2024 !! 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞 & 𝐆𝐫𝐨𝐰𝐭𝐡: Market size was valued at USD 4.13 Billion in 2021 and is projected to reach USD 17.34 Billion by 2028, growing at a CAGR of 27.42% from 2021 to 2028. 𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://lnkd.in/daKrRv6X 📍 Regional Insights – Key markets and emerging regions poised for growth, including North America, Europe, Asia-Pacific, and the Middle East. 🏢 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 – Profiles of top industry leaders and disruptors in advanced BESS technology. Volvo Finland Ab ABB AES Energy AES Technologies Altairnano, Inc. Beckett Solar Energy Byd Company Limited Delta Electronics East Penn Manufacturing Co. EnerSys ESS Technology, Inc. Exide Technologies, LLC Fluence GE Vernova GE GS Yuasa Hitachi Energy Honeywell Johnson Controls KORE Power LG Chem LG Energy Solution NEC Corporation NGK OXIS Energy Ltd Panasonic PATHION PolyPlus Battery Company Primus Power Corporation Saft Samsung SDI Siemens Energy SolarEdge Technologies Tesla Energy Toshiba Trinasolar VoltaGrid VRB Energy

🌟 Today is a big day for the energy industry: we are announcing an additional 1.5 billion investment in our transformers production capacity by 2027!    It is a key milestone to set up a new record in the industry. We expect it will have an immense and positive impact on increasing our speed to market and support customers and partners on our shared path toward the energy transition goals.    The capacity expansion will create over 4,000 jobs and will span across Europe, the Americas, and Asia, leveraging existing global footprint. As part of it, around $180 million in a new state-of-the-art transformer factory in Finland is also being announced.    Read the press release here ➡️ https://lnkd.in/gpbHW28J #HitachiEnergy #HitachEnergyTransformers #Transformers #ProudToBeHitachiEnergy #TowardsCarbonNeutral #HitachiEnergyPR

🌟 Today is a big day for the energy industry: we are announcing an additional $1.5 billion investment in our transformers production capacity by 2027!    It is a key milestone to set up a new record in the industry. We expect it will have an immense and positive impact on increasing our speed to market and support customers and partners on our shared path toward the energy transition goals.    The capacity expansion will create over 4,000 jobs and will span across Europe, the Americas, and Asia, leveraging existing global footprint. As part of it, around $180 million in a new state-of-the-art transformer factory in Finland is also being announced.    Read the press release here ➡️ https://lnkd.in/egp4kdEx #HitachiEnergy #HitachEnergyTransformers #Transformers #ProudToBeHitachiEnergy #TowardsCarbonNeutral #HitachiEnergyPR