Hitachi has announced that the new company Hitachi ABB Power Grids has commenced operations. The new company has been carved out from ABB, pursuant to the acquisition agreement signed on December 2018. Under the leadership of Claudio Facchin as CEO and Toshikazu Nishino, Executive Vice President of Hitachi, as Chairman, Hitachi ABB Power Grids will expand Hitachi’s energy solutions business globally as a core part of the company’s Social Innovation Business.
By combining world-class power grids business with Hitachi’s advanced digital technologies such as Lumada, Hitachi and Hitachi ABB Power Grids will provide innovative energy solutions spanning the Energy (utilities), Mobility, Smart Life (cities), Industry, and IT sectors. With roots in Hitachi and ABB, the new business will build on more than one century of expertise in pioneering engineering technologies, enabling customers to increase efficiency and maintaining resilience. It will unlock new business models and contribute social, environmental and economic values for a sustainable society.
Hitachi ABB Power Grids will also leverage Hitachi’s digital solutions portfolio, enabling it to expand its presence in sectors like Energy (utilities), Mobility, Smart Life (eg, smart cities and energy storage), Industry and IT (e.g. data centers) – all contributing to our Social Innovation Business. Through Hitachi ABB Power Grids, Hitachi further strengthens Lumada’s presence in the market by incorporating energy solutions into the platform, allowing the company to provide even more advanced digital solutions to Hitachi’s customers to realize sustainable society.