Expanding Output: Hitachi Plans to Increase Production of Power Grid Equipment within the United States
Hitachi Ltd., the Japanese electronics giant, has announced a significant investment plan for its Swiss unit, Hitachi Energy Ltd. The company aims to invest over $1 billion in the United States market by fiscal 2027, focusing on meeting the growing power demand in the country.
The investment, which is not related to Japan's 550-billion-dollar investments and loans to the U.S. agreed in the two countries' tariff negotiations, is aimed at bolstering Hitachi's production capacity for power grid equipment in the United States.
The investment will see Hitachi Energy spend $457 million on the construction of a new transformer plant in Virginia. The remaining amount will be used to expand existing facilities across the country. This expansion is expected to create thousands of new jobs in the United States.
The decision to invest in the U.S. market comes in response to the increasing number of artificial intelligence data centers in the country, which has led to a surge in power demand. The investment is part of Hitachi's overall plan for its Swiss unit and is also in line with the administration of President Donald Trump's AI promotion policy.
Hitachi Energy is not new to global power grid infrastructure investment. This latest investment is part of its global expansion, with the company looking to meet the growing energy needs of various markets around the world.
The investment by Hitachi Energy is expected to be completed by fiscal 2027, providing a significant boost to the U.S. power grid infrastructure and contributing to the country's economic growth.
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