According to the IEA’s ‘Net Zero by 2050’ report(2), ‘the path to net zero emissions is narrow’ and staying on it requires increased investment in infrastructure, and specifically, an ‘immediate and massive deployment of all available clean and efficient energy technologies.’īy 2030, the world economy is expected to be some 40 percent larger but consuming seven percent less energy to be on track for net zero in 2050.īy this time ‘the energy sector will be dominated by renewables’ and ‘electricity will account for almost 50 percent of the total global energy consumption’ – up from about 20 percent today(2). Today, combating climate change is of paramount importance and one of the most urgent challenges of our times. The business has played a leading role enabling a stronger, smarter and greener global energy system. These range from pioneering innovations such as long distance commercial HVDC(1) technology, that enables countries to efficiently transmit large amounts of power with minimum losses over thousands of kilometers while reducing carbon footprint, to providing microgrids and energy storage solutions that combined with state-of-the-art intelligent control systems, ensure reliable distributed power availability.

Headquartered in Zurich, Switzerland, the global technology and market leader brings a rich heritage of pioneering breakthroughs, which have helped to increase access to safe, secure, and reliable electricity for more than one century. The decision to change name has board and shareholder consent and coincides with the business’ first-year anniversary since it started operations on 1 July, 2020. Hitachi ABB Power Grids will be evolving to become Hitachi Energy from October 2021. on 30 June, 2021 and is now undertaking the formal process for the change of names globally. The business formally registered Hitachi Energy Ltd. At the same time, we will change our corporate brand to the Hitachi brand and use it for external and internal communications.

ZURICH, SWITZERLAND: Hitachi ABB Power Grids will change its name to Hitachi Energy from October.

Who we are at hitachi abb power grids