Hitachi ABB Power Grids is evolving to become Hitachi Energy
Hitachi ABB Power Grids today announced that it will be evolving to become Hitachi Energy from October 2021.
Image source: Hitachi ABB Power Grids
Switzerland, Zurich: Hitachi ABB Power Grids today announced that it will be evolving to become Hitachi Energy from October 2021.
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 Ltd. has an 80.1 % stake in the joint venture and ABB Ltd. holds the balance.
The transition to the Hitachi Energy name reflects the rapidly evolving energy landscape and the opportunity to create economic, environmental and social value; and with Hitachi enabling the business to position its pioneering and digital technologies to serve existing and future customers, going beyond the grid – opening up a breadth of opportunities in areas like sustainable mobility, smart life, and data centers. By combining advanced digital solutions and services, such as Hitachi Lumada, with an energy platform that is built on unique domain expertise and experience, the business is serving customers and partners co-creating global solutions to solve the global challenge of an inclusive and equitable carbon-neutral future.
Toshiaki Higashihara, Executive Chairman and CEO of Hitachi, said, “With climate change and increasing natural disasters, there is a need to solve three social issues worldwide: environment, resilience, and security and safety.” He continued, “Hitachi ABB Power Grids provides a variety of solutions that solve these social issues, and by changing the company name to Hitachi Energy, we are further strengthening our commitment to the realization of a sustainable society. Hitachi and Hitachi Energy will contribute to solve social issues and improve people’s quality of life by realizing social innovation in the energy field with customers and partners.”
Hitachi ABB Power Grids will change its name to Hitachi Energy from October. At the same time, the company will change our corporate brand to the Hitachi brand and use it for external and internal communications. The business was formally registered Hitachi Energy Ltd. on 30 June 2021 and is now undertaking the formal process for the change of names globally.
Source: Hitachi ABB Power Grids