Hitachi Energy has signed an agreement to assist E.ON in boosting Germany’s grid security under a new deal worth up to $700 million (£527m).
It will deliver power and distribution transformers across the energy grid to bolster security, resilience and affordability in the country.
Transformers are crucial to enable the efficient transmission and distribution of electricity.
German utilities and grid operators are said to urgently need transformers to prevent delays in grid connections, blocks to new routing and threats to expansion plans designed to support clean power and electrification.
Andreas Schierenbeck, CEO of Hitachi Energy said: “The growing importance of power grids demands bold investments and breakthrough innovations to shape the energy systems of the future.
“Our expansion goes beyond business – it reflects our responsibility as a global leader to accelerate capacity and deliver the critical equipment our customers urgently need. Strategic partnerships like this one empower TSOs, utilities and industry to build a more sustainable, secure, resilient and affordable energy system for Germany.”
Hitachi Energy has integrated more than 150GW of capacity – enough to power two-thirds of Europe’s households.
