AI News about grid modernization

Hitachi's Cash Cow: The Power Business Driving the Group | Business | The ORIENTAL ECONOMIST

Hitachi Energy Surges 30% as Power Grid Demand Soars Hitachi's power business is experiencing explosive growth, with subsidiary Hitachi Energy reporting ¥2.3955 trillion in revenues for fiscal 2024, a 30% year-on-year increase. The surge reflects surging global demand for grid modernization and renewable energy infrastructure. This booming segment has become a major profit driver for the broader Hitachi conglomerate.