Hitachi Energy, a technology player that provides advanced solutions for a sustainable energy future globally, has partnered with manufacturing power quality products (power quality testing and testing equipment) at Doddaballapur on the outskirts of Bengaluru. Established a new facility.
The Indian arm of Switzerland-based Hitachi Energy has invested ₹100 crore to set up this new facility, which has a production capacity of 20,000 units of advanced capacitors, banks and power electronics compensators for low, medium and high voltage systems. According to the company in the power utilities, industries, renewable and transportation sectors.
Claudio Fachin, CEO of Hitachi Energy, said, “We have a rich heritage and extensive footprint in this country, and this new manufacturing facility for power quality solutions reinforces our commitment to turn India’s energy transition into a net-zero one. “
“The expansion also strengthens our long-term presence in Karnataka as we look forward to collaborating with all stakeholders in the ecosystem,” he said at a media round table held at the facility on Tuesday.
Chief Minister Basavaraj Bommai, at a separate facility inauguration ceremony on this day, said Karnataka was fulfilling its industrial development ambitions through the prism of the Sustainable Development Goals. “Karnataka is a major contributor to India’s industrial ambitions. With long-term committed partners like Hitachi Energy, we continue to invest in making the state a global manufacturing hub,” the Chief Minister added.
Manufacturing of electrical equipment was an energy-intensive process. With the sustainability goals in mind, Hitachi Energy India and South Asia Managing Director and CEO, N Venu, said Hitachi adopted innovative processes at this factory, which reduce electrical energy consumption per process by approximately 40%. were able to do.
According to the International Energy Agency, energy demand in India is expected to double in the next 20 years, driven by urbanization and industrialization.
Hitachi Energy employs approximately 38,000 people in 90 countries and generates a turnover of $10 billion annually. The company, which entered India in 1962, claims to have one of its largest manufacturing bases.