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Press Release Sweden 10-06-2024

3 min read

Hitachi Energy to invest $330 million (3.7 billion SEK) in Sweden and hire additional 2,000 employees by 2027 to accelerate the clean energy transition

 

  • Expansion of flagship technology site in Ludvika by 30,000 square meters, including state-of-the-art transformer and grid integration capacity.

  • Creation of attractive workplace in Västerås combining research and development center, office spaces, and state-of-the-art factory for grid automation products.

Hitachi Energy is investing around $330 million (3.7 billion SEK) to expand its operations in Sweden, across the product portfolio. This is part of the company’s global $4.5 billion investment in manufacturing, engineering, digital, R&D and partnerships by 2027. Hitachi Energy will significantly expand and modernize its flagship factory in Ludvika and create a new attractive workplace in Västerås. Hitachi Energy will also hire 2,000 additional employees in Sweden by 2027.

Expected to be completed by 2027, the expansion is driven by the accelerating clean energy transition. In line with recently announced global investments and expansions, it will enable the company to meet customer commitments and market demands. Just in the last month, key HVDC projects were announced that are urgently needed to meet rapidly growing market demand. Underpinned by new scalable business models pioneered by Hitachi Energy, framework agreements were signed with RTE in France, RWE in Germany, Marinus Link in Australia, in addition to a service contract with Pattern Energy in the US. The company also announced the Sa.Co.I.3 interconnection between Italy and France, another industry-leading multi-terminal solution. 

We are delighted for this incredibly exciting growth phase in terms of investments as well as recruitment, which is a result of a high demand for our world-leading technology and knowledge. We will continue to recruit and hire more than 2,000 new employees over the coming years. We expect to be around 8,000 employees in Sweden by 2027

Tobias Hansson
Managing Director Hitachi Energy, Sweden

Expanding capacity in Ludvika

The Ludvika factory, with over 120 years of innovation, manufactures transformers, high-voltage products and HVDC systems, and will expand by more than 30,000 square meters.

This will especially boost the manufacturing capacity of large transformers to help speed up the deliveries of key HVDC projects and is part of the recently announced global $1.5 billion transformer ramp-up plan. The Ludvika transformer investment entails the expansion in the transformer factory including new machinery, assembly, and testing stations along with sustainable and innovative manufacturing technologies enhancing operational efficiency.

In addition to this, Hitachi Energy will invest in its Figeholm factory, manufacturing insulation materials used for transformers in Ludvika and other locations, to install a new fossil-free energy plant adjacent to the factory in line with its sustainability strategic plan to be carbon-neutral in its own operations.

Another production line will be added to increase the capacity of Dry DC-link capacitors that play a crucial role in power conversion and that are used for providing a more stable voltage.

Hitachi Energy’s investments in Ludvika will support further development of HVDC technology for multi-terminal HVDC systems, and integration of remote renewable energy transmission, grid integration systems, grid automation and software solutions and services.

New campus in Västerås

In Västerås, Hitachi Energy will invest and expand its business and create a new attractive workplace to strengthen collaboration, creativity and innovation. The new campus of 30,000 square meters will accommodate 1,800 employees including the research and development center, offices, and a state-of-the art factory for grid automation products. The move into the new facilities is expected in 2027.

The investment is part of the company's global capacity expansion plan to meet the increasing demand driven by the clean energy transition in Sweden and worldwide.

About Hitachi Energy

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. We integrate more than 150 GW of HVDC links into the power system, helping our customers enable more wind and solar. Headquartered in Switzerland, we employ more than 40,000 people in 90 countries and generate business volumes of over $10 billion USD. 

https://www.hitachienergy.com

https://www.linkedin.com/company/hitachienergy

https://twitter.com/HitachiEnergy

About Hitachi, Ltd.

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.

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Foto Jonas Bilberg
Charlotte Lindevall

Communication Manager Sweden

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