#energy transition

Hitachi is set to supply small power transformers for RWE’s green energy projects.

In an era characterized by energy transition, sustainability, and digitalization, the world is experiencing a profound transformation.

Addressing global warming requires innovative engineering solutions and the four megatrends – Decarbonisation, Decentralisation, Democratisation, and Digitalisation (the 4Ds) – are crucial.

The global transformer market is expected to move towards smart transformers that are more equipped to accommodate the significant deployment of renewable energy.

Senegal will utilize 2.7 B USD for energy transition with partners

Germany, Dortmund: German transmission system operator Amprion plans to invest around $24 B (€22 B) in the transmission grid over the next five years.

Egypt, Kairo: Egypt and Denmark have entered into an agreement aimed at accelerating the green transformation of Egypt by involving more Danish investors.

Italy, Rome: Terna, the Italian transmission system operator, plans an investment of over $22 B in the next 10 years to accelerate the energy transition.

Switzerland, Zurich: Hitachi Energy has launched the next-generation TXpert Hub, a part of its ecosystem for the digitalization of transformers.

A multi-party contract has been signed for the deployment of a small modular reactor (SMR) in North America.

The pilot of the first high-frequency decentralised energy trading platform was successfully launched at the Port of Rotterdam.

KONČAR Group has announced that the Supervisory Board of KONČAR – Electrical Industry Inc. adopted the consolidated Business Plan of KONČAR Group for 2023.

The EBRD, GFC and EU partner on a finance package of up to $26.7 M (€25 M) to Banque Centrale Populaire (BCP) to support a green transition in Morocco.

South Africa, France and Germany have signed loan agreements to each extend $300 M in concessional financing to support South Efrica’s energy transition.

Hitachi Energy has announced it has signed a strategic collaboration agreement with Equinor.

USA: Michigan Electric Transmission Company has announced its intent to construct, own and operate new transmission line projects in Michigan.

Germany, Schwandorf: Maschinenfabrik Reinhausen has commissioned an MSCDN system at TenneT’s Schwandorf substation.

Southeast Asian countries can meet their growing energy demand with renewable energy and cut 75 % of their energy-related CO2 emissions by 2050.

Switzerland, Zurich: Hitachi Energy, and Schneider Electric have announced entering into a collaboration to accelerate the energy transition.

Germany, Munich: Siemens Energy has submitted a $4.3 B bid for the remaining shares in its wind turbine firm Siemens Gamesa, which it currently owns 67 %.

USA, Texas, San Antonio: GE has announced the launch of Lifespan, a new digital product portfolio.

Italy: Italy-based transmission system operator Terna has announced a $11 B (€10 B) investment in Italy’s energy transition and decarbonisation.

The Netherlands: TenneT invested a record $4.4 B in the expansion and maintenance of its grids last year, rising to the challenge of the energy transition.

Italy: Italian multinational utility Enel has announced that over 1 million prosumers are now connected to its grid across the globe.

USA, Virginia: US utility Dominion Energy has secured approval from the Virginia regulator to implement phase 2 of the grid transformation plan (GT Plan).

UK: IMServ, one of the UK’s leading data collection and energy metering experts, has appointed Ian Peters as Chairman to help drive its next phase of growth.

France, Paris: GE Renewable Energy’s Grid Solutions business offers unique, innovative, and industry-leading technologies for tackling increasing energy demand.

Nigeria, Lagos: Nigeria is a country plagued by electricity insecurity.