Press Release | 21.08.2024 | 2 min read
Hitachi Energy and Svenska kraftnät agree historic multi-million dollar order to provide critical energy infrastructure
8-year framework agreement will provide power transformers and shunt reactors to strengthen the Swedish grid
One of the largest transformer and reactor orders ever for Hitachi Energy’s flagship factory in Ludvika
Hitachi Energy signs a framework agreement with Svenska kraftnät, which carries out major investments to strengthen the existing Swedish electricity grid and enable the ongoing energy transition.
The modernization and expansion of the Swedish main grid is proceeding in full force, with the goal of enabling the electrification of industrial processes, the transport sector and society at large. Electricity use will double by 2045, totalling 300 TWh, according to the government’s goals. But, for this to become reality, extensive investments are required in electricity grid infrastructure such as, transformers and reactors.
The framework agreement includes large power transformers up to 750 MVA and shunt reactors of 400 kV in varying power ranges. The technology will be delivered to Svenska kraftnät's existing substations for upgrades and to new stations that will be built to meet the increased need for electricity.
Reactor in power station
The agreement was signed during a signing ceremony with Per Eckemark, Svenska kraftnät (Svk), Lotta Medelius-Bredhe, Svk, Tobias Hansson, Hitachi Energy, Thomas Wennberg, Hitachi Energy, Sten Trolle, Hitachi Energy, Karin Edin, Svk, Anders Ekberg, Hitachi Energy, Niclas Schönborg, Svk, Elin Hallme, Hitachi Energy and Magnus Eriksson, Svk
Handning over transformer model. Photo: Jonas Bilberg
This is one of the largest transformer and reactor orders ever for Hitachi Energy’s flagship factory in Ludvika, which is responsible for the supply of the transformers -their design, production and installation. Delivery of the transformers and reactors is planned from 2027 until 2032.
We are very glad and grateful to be a long-term partner to Svenska kraftnät and look forward to delivering our pioneering technology and expertise. We are committed to supporting the energy transition and accelerating Sweden's energy system to become more sustainable, flexible and secure
Last year, Hitachi Energy signed one of Sweden's largest export contracts in history and recently the company announced a major investment and expansion of capacity at the flagship plant in Ludvika. This is part of the expansion plan for Hitachi Energy to invest approximately $330 million (3.7 billion SEK) expanding its operations in Sweden across the entire product portfolio and recruiting an additional 2,000 employees by 2027 to support the energy transition.
I am very proud of this record order and our fantastic team at our transformer factory in Ludvika. We are on an incredibly exciting growth journey in Sweden and beyond, with large investments to boost our manufacturing capacity and a great need for recruitment. It is a result of the high transformer demand that we see today with our world-leading technology and competence to enable the clean energy transition
Hitachi Energy has developed world-leading transformers in Sweden, across Europe and the globe for over 100 years and has many ground-breaking innovations. As critical components of the energy system, transformers alter the voltage levels to enable efficient power generation, transmission, and distribution. At the same time, shunt reactors increase the energy efficiency of the power system through reactive power compensation.
Hitachi Energy, headquartered in Switzerland and employing more than 40,000 people in 90 countries, remains focused on leveraging its pioneering technology expertise globally to advancing a sustainable energy future for all.
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.
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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.
