3 min read
Bengaluru, August 23, 2022 – Honorable Chief Minister of Karnataka, Shri Basavaraj Bommai along with Claudio Facchin, CEO of Hitachi Energy and N Venu, Managing Director and CEO, India and South Asia, Hitachi Energy, inaugurated a new and larger facility of Power Quality Products manufacturing in Doddaballapur, Bengaluru.
“Hitachi Energy works closely with customers, governments, institutions, and partners, to enable a sustainable energy future by deploying state-of-art technologies. We have a rich heritage and extensive footprint in this country and this new manufacturing unit for power quality solutions reinforces our commitment to facilitate India’s energy transition to net-zero” said Claudio Facchin, CEO, Hitachi Energy. “It also supports the Make in India initiative and strengthens our long-standing presence in Karnataka as we look forward to collaborating across stakeholders for the success of our shared vision,” he added.
Karnataka is fueling its ambitions of industrial growth through a prism of sustainable development goals. “Karnataka is a leading contributor to India’s industrial ambitions. With long term committed partners such as Hitachi Energy, we continue to invest to make the state a global manufacturing hub,” said Shri Basavaraj Bommai, Chief Minister, Government of Karnataka. “I congratulate Hitachi Energy for the inauguration of this world-class Power Quality Product factory and look forward to their inclusive growth journey.”
As a part of Hitachi Energy’s global manufacturing network, this facility will offer direct and indirect employment and nurture an ecosystem of local suppliers across the manufacturing value chain. It closely aligns with Prime Minister’s Mission Innovation to accelerate public and private clean energy innovation to address climate change, make clean energy affordable to consumers, and create jobs and commercial opportunities.
Manufacturing of electrical equipment is an energy intensive process. Keeping sustainability goals in mind, we have adopted some innovative processes for the factory that reduce electrical energy consumption per process step by almost 40 percent.
The new manufacturing facility doubles the existing capacity to produce advanced capacitor units, banks and power electronic compensators for low, medium and high-voltage systems, which are used in the power utilities, industries, renewables and transportation segments. Power quality products play an important role in improving power stability by enabling increased capacity and reduced energy losses.
According to the International Energy Agency*, the energy demand in India is set to double over next 20 years driven by urbanization and industrialization. “The power quality products and solutions manufactured at the new factory in Doddaballapur will help reduce energy loss, thereby reducing carbon footprint while meeting the expanding demand,” said N Venu, Managing Director and CEO, India & South Asia, Hitachi Energy.
Hitachi Energy has a deep-rooted presence in the country of six decades with its widest manufacturing base. From setting up our first factory in Vadodara in 1962, we have been investing in the entire ecosystem in the country – from R&D to academia, from employees to customers and suppliers. Today, 80 percent of Hitachi Energy’s portfolio is locally manufactured in India and the manufacturing base in India also caters to the global requirements of five products.
*India Energy Outlook 2021 – Analysis - IEA
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world’s energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of approximately $10 billion USD.
Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company’s consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.