Indispensable to this is the power transmission and distribution technology that helps stabilize energy supply, also known as “power grid”. However, renewable energy relies much on volatile factors such as the weather, making it difficult to achieve a stable supply of such energy, and requiring the ability to predict energy demand and manage stored energy efficiently. The introduction of “renewable energy” such as solar, wind, and geothermal power is particularly crucial for a decarbonized society. This has led to a widespread and worldwide movement aimed at reducing greenhouse gasses that cause global warming, in other words, realizing a decarbonized society. This has been accompanied by such phenomenon as abnormal weather and rising sea levels, creating profound damage throughout the globe. Power Grid: The Key to Decarbonized Societyĭue to growth in urbanization and power consumption, emissions of greenhouse gases including carbon dioxide have dramatically increased in recent years. Through our collaborative creation with global customers, we can contribute to revolutionizing energy." Touching on the excitement surrounding the enterprise, the new company’s CEO, Claudio Facchin, says: "Both Hitachi and ABB are very passionate about technology, its people, and energy transition. Hitachi acquired the power grid business of ABB Ltd, a major heavy electric company in Switzerland, and established Hitachi ABB Power Grids Ltd., which began its operation on July 1. “Power grid” technology is an essential component in the era of energy revolution. As the way we consume energy diversifies, a need for advanced technologies that is capable of controlling electrical power has also developed. Moreover, the electrification of mobility, represented by electric vehicles (EV), and the expansion of data centers have resulted in increasing global power consumption. Governments and organizations across the globe are tackling this issue by working toward realizing a “decarbonized society.” Deemed crucial to achieving such a society is the introduction of renewable energy, which involves solar, wind, and other sources of alternative power. Headquartered in Switzerland, the business serves utility, industry and infrastructure customers across the value chain, and emerging areas like sustainable mobility, smart cities, energy storage and data centers.ĭon’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.In recent years, global climate change and abnormal weather have become a serious issue that largely impacts our daily lives. Hitachi ABB Power Grids is a global technology leader employing around 36,000 people in 90 countries. With solutions such as our revolutionary electric-bus fast-charging technology, we remain at the forefront of enabling the clean energy transition," he added. "Electricity will be the backbone of the entire energy system and we are working on electrified, reliable, and decarbonized operations and products. "To get closer toward a carbon-neutral future, means that we have to start by strengthening our own environmental, social and governance practices. By adopting a more systemic approach to business development, it expects to reduce carbon emissions for the benefit of the environment and society.
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