POWER Magazine•9 days ago
Hitachi Energy Investing $30 Million to Expand Canadian Operations
Key Takeaway
Hitachi Energy's significant investment in Ontario's grid service operations indicates a strategic move to enhance grid reliability and capacity, directly benefiting new power projects and large electricity consumers in the region.
AI Summary
- •Hitachi Energy is investing $30 million CAD ($22 million USD) to expand and modernize its service operations in Ontario, Canada.
- •The investment aims to address Canada's growing electricity demand and mitigate challenges posed by aging grid infrastructure.
- •For developers and large power consumers, this signals improved grid reliability, faster maintenance, and enhanced capacity for new interconnections and stable power delivery in Ontario.
- •The expansion includes the purchase and upgrade of Hitachi's Stoney Creek facility and further acquisitions to bolster grid support capabilities.
Topics
financinginterconnectm&aoemtransmission
Article Content
Hitachi Energy has announced investments of $30 million CAD ($22 million) to expand and modernize its service operations in Ontario, Canada. The investment aims at addressing Canada’s growing electricity demand while mitigating the challenges posed by aging grid infrastructure. It includes the purchase and upgrade of the company’s Stoney Creek facility and the acquisition of […] The post Hitachi Energy Investing $30 Million to Expand Canadian Operations appeared first on POWER Magazine .