2<\/sup>. An equitable and sustainable energy transition is at the center of this global challenge, where electricity will be the backbone of the entire energy system.<\/p>\nHitachi ABB Power Grids places sustainability at the heart of its purpose: powering good for a sustainable energy future. 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 \u2013 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.<\/p>\n
Toshiaki Higashihara, Executive Chairman and CEO of Hitachi, said, \u201cWith climate change and increasing natural disasters, there is a need to solve three social issues worldwide: environment, resilience, and security and safety.\u201d He continued, \u201cHitachi 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 QoL by realizing social innovation in the energy field with customers and partners.\u201d<\/p>\n
Keiji Kojima, President and COO of Hitachi, said, \u201cTo realize a sustainable society, the use of digital technology is becoming indispensable in all fields.\u201d He continued, \u201cIn the energy field, power grids are expected to be at the core of innovation since they have high affinity with digital technology, and I am confident that Hitachi Energy will lead this innovation. Hitachi will combine digital technologies such as Lumada with Hitachi Energy’s advanced energy technologies to provide innovative energy solutions that create social, environmental and economic values.\u201d<\/p>\n
\u201cThe energy landscape continues to evolve and so do we,\u201d said Claudio Facchin, CEO of Hitachi ABB Power Grids. He continued, \u201cWith our new name \u2018Hitachi Energy\u2019 we are broadening our commitment to creating further value for customers, our employees and society. The past year has been demanding for everyone, but we look forward with optimism. I am proud of our talented people in 90 countries, and through our passion, authenticity and culture of diversity and inclusion, we continue on our journey \u2013 Powering good for a sustainable energy future, pioneering and digital technologies, as the partner of choice for enabling a stronger, smarter and greener energy system.\u201d<\/p>\n
Hitachi ABB Power Grids will change its name to Hitachi Energy from October. At the same time, we will change our corporate brand to the Hitachi brand and use it for external and internal communications. The business formally registered Hitachi Energy Ltd. on 30 June, 2021 and is now undertaking the formal process for the change of names globally.<\/p>\n
Notes<\/strong><\/p>\n\n- Hitachi ABB Power Grids invented commercial HVDC technology almost seven decades ago, which enables electricity to be efficiently transmitted over thousands of kilometers with minimal energy losses.<\/li>\n
- International Energy Agency\u2019s \u2018Net Zero by 2050 Report: A Roadmap for the Global Energy Sector\u2019.<\/li>\n<\/ol>\n<\/div>\n<\/div>\n<\/div><\/div>
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