Hitachi Energy provides systems and solutions for transmitting and distributing electricity. It sells and implements equipment such as transformers, high‑voltage gear, and grid automation tools that help move power from generation sites to homes and businesses. Its offerings include hardware and software that monitor, control, and optimize electrical grids, with AI, data analytics, and automation to improve efficiency and reliability. The company differentiates itself by combining its global engineering footprint with advanced digital technologies and a broad portfolio that covers transmission, distribution, and grid optimization, backed by a presence in more than 140 countries and a workforce of over 40,000. Its goal is to support a cleaner, more flexible, and carbon‑neutral energy future by modernizing infrastructure and integrating renewable energy sources.
Company Size
10,001+
Company Stage
Grant
Total Funding
$22M
Headquarters
Zurich, Switzerland
Founded
1900
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Linxon, Hitachi Energy and FTC Solar announce strategic collaboration to accelerate utility-scale renewable Energy and grid infrastructure development. Sep 29, 2026, 10:03 ET RALEIGH, N.C., September 29, 2026 /PRNewswire/ - Linxon, Hitachi Energy and FTC Solar (NASDAQ: FTCI) today announced the signing of a Memorandum of Understanding (MoU) establishing a strategic collaboration framework to jointly pursue and deliver utility-scale solar and battery energy storage system (BESS) projects across North America and other mutually agreed markets. The collaboration brings together three industry leaders with complementary capabilities to help address one of the defining challenges of the electricity era: scaling the infrastructure needed to integrate more renewable energy, strengthen grid resilience, and deliver reliable, affordable and sustainable power. By aligning technology, manufacturing and execution expertise, the three companies aim to provide customers with a more integrated, scalable and execution-focused solution that accelerates project development, reduces delivery risk, and enhances certainty across the entire project lifecycle. Under the framework, Linxon will serve as the primary EPC integrator and market-facing contractor, providing full engineering, procurement, construction, commissioning, and project execution services. Hitachi Energy will contribute utility-scale solar inverters, power conversion systems for BESS, and the automation and control systems to operate the plants. FTC Solar will provide solar trackers, racking systems, and related balance-of-system solutions. Together, the three companies aim to create a standardized and repeatable delivery model that helps customers turn growing demand for renewable generation and electrification into bankable, executable projects delivered with greater speed, scale and predictability than traditional project-by-project approaches. A New Model for Scaling the Energy Transition Electricity is becoming the foundation of the next era of growth, powering everything from renewable energy and industrial electrification to AI-driven data centers and modern infrastructure. As demand accelerates, the ability to expand, connect and operate the grid at pace is becoming a critical bottleneck. The industry faces increasing pressure from supply chain constraints, manufacturing capacity limitations, labor shortages and project execution complexity. Through this collaboration, Linxon, Hitachi Energy and FTC Solar intend to address these challenges by aligning technology, manufacturing, and EPC execution capabilities early in the project lifecycle. This approach reflects a shared belief that no single company can scale the energy transition alone; progress depends on stronger partnerships that connect proven technologies, supply chain readiness and execution discipline around customer needs. Strategic benefits for customers include: * Faster project development and delivery through integrated planning. * Improved supply chain certainty and manufacturing slot visibility. * Greater standardization across solar, BESS, and substation designs. * Reduced integration risks between major equipment packages. * Improved project bankability and schedule predictability. * Enhanced scalability for multi-site and programmatic deployments. * Increased reliability through proven technologies and execution models. * A streamlined interface reducing complexity for project owners. By combining best-in-class technologies with proven EPC execution, the collaboration aims to create a platform capable of delivering large portfolios of renewable energy and grid infrastructure projects with greater efficiency and confidence, supporting customers as they modernize critical infrastructure for a more electrified, resilient and sustainable energy system. Stefan Reisacher, CEO of Linxon, stated: "The energy transition is no longer constrained by demand. It is increasingly constrained by execution capacity, supply chain availability, and the industry's ability to scale. This collaboration represents a significant step forward in addressing those challenges. By bringing together Linxon's EPC expertise, Hitachi Energy's industry-leading grid and power technologies, and FTC Solar's innovative and highly constructible solar infrastructure solutions, we are creating a powerful ecosystem that enables customers to move faster, reduce risk, and execute large-scale renewable energy projects with greater certainty and predictability. Together, we are building a delivery platform designed for the next generation of energy infrastructure." Massimo Danieli, CEO Grid Automation at Hitachi Energy, commented: "The electricity era requires infrastructure that can expand faster, operate more intelligently and remain resilient as demand grows. Through this agreement, we can better align technology innovation, manufacturing capability, grid integration expertise and project execution to help customers accelerate renewable energy deployment while supporting the reliable, secure and sustainable power systems that society depends on." Anthony Caroll, CEO of FTC Solar, added: "Maximizing the efficiency and long-term value of utility-scale renewable projects requires more than best-in-class technologies - it requires like-minded partners leveraging and integrating those solutions in ways that enhance scalability, constructability, and long-term performance. This collaboration creates a compelling value proposition for developers, utilities, and investors seeking predictable project outcomes and accelerated deployment." Delivering the Infrastructure for Tomorrow's Grid The collaboration will focus on opportunities involving utility-scale Solar and BESS plants. The companies expect the framework to support the development of a growing pipeline of projects where integrated technology selection, early supply chain alignment, and standardized EPC execution can create measurable advantages for customers. For project owners, this means a clearer path from ambition to action: connecting renewable generation, storage and grid infrastructure in ways that improve reliability, reduce complexity and support long-term value. By combining global expertise, advanced technologies and excellence, Linxon, Hitachi Energy and FTC Solar are reinforcing their shared commitment to accelerating the energy transition and enabling a more resilient, sustainable and electrified future. About Linxon Linxon is a global leader in Engineering, Procurement, and Construction (EPC) solutions for electrical substations and infrastructure projects. We develop and deliver turnkey infrastructure solutions that power progress, drive growth and benefit communities, clients, and the environment through sustainable engineering excellence. www.linxon.com About Hitachi Energy Hitachi Energy is a global leader in electrification, powering the electricity era to meet the energy demands of today, and the next 25 years. As the energy arm of Hitachi Group, over three billion people depend on our pioneering, mission-critical technologies to power their daily lives. With over a century of innovation, we are addressing the most urgent energy challenge of our time: driving the evolution of the world's energy system to ensure abundant, secure, affordable, and sustainable power for today's generation and the next. With an unparalleled installed base in over 140 countries, we are the grid ecosystem partner across the utility, industry, data center, and transportation sectors. Headquartered in Switzerland, we employ over 56,000 people in 60 countries and generate revenues of around $20 billion USD. https://www.hitachienergy.com About Hitachi, Ltd. Through its Social Innovation Business (SIB) that brings together IT, OT (Operational Technology) and products, Hitachi aims to be a global leader in continuously transforming social infrastructure through digital, contributing to a harmonized society where the environment, wellbeing, and economic growth are in balance. Hitachi operates worldwide across four sectors - Digital Systems & Services, Energy, Mobility, and Connective Industries - as well as a Strategic SIB Business Unit focused on new growth areas. With Lumada at its core, Hitachi creates value by combining data, technology and domain knowledge to solve customer and social challenges. Revenues for FY2025 (ended March 31, 2026) totaled 10,586.7 billion yen, with 606 consolidated subsidiaries and approximately 290,000 employees worldwide. Visit us at www.hitachi.com. About FTC Solar, Inc. Founded in 2017 by a group of renewable energy industry veterans, FTC Solar is a leading provider of solar tracker systems, technology, software, and engineering services. Solar trackers significantly increase energy production at solar power installations by dynamically optimizing solar panel orientation to the sun. FTC Solar's innovative tracker designs provide compelling performance and reliability, with an industry-leading installation cost-per-watt advantage. www.ftcsolar.com. Media Contacts
Press release: Linxon, Hitachi Energy and FTC Solar announce strategic collaboration to accelerate utility-scale renewable Energy and grid infrastructure development. September 29, 2026 Linxon, Hitachi Energy and FTC Solar (Nasdaq: FTCI) today announced the signing of a Memorandum of Understanding (MoU) establishing a strategic collaboration framework to jointly pursue and deliver utility-scale solar and battery energy storage system (BESS) projects across North America and other mutually agreed markets. The collaboration brings together three industry leaders with complementary capabilities to help address one of the defining challenges of the electricity era: scaling the infrastructure needed to integrate more renewable energy, strengthen grid resilience, and deliver reliable, affordable and sustainable power. By aligning technology, manufacturing and execution expertise, the three companies aim to provide customers with a more integrated, scalable and execution-focused solution that accelerates project development, reduces delivery risk, and enhances certainty across the entire project lifecycle. Under the framework, Linxon will serve as the primary EPC integrator and market-facing contractor, providing full engineering, procurement, construction, commissioning, and project execution services. Hitachi Energy will contribute utility-scale solar inverters, power conversion systems for BESS, and the automation and control systems to operate the plants. FTC Solar will provide solar trackers, racking systems, and related balance-of-system solutions. Together, the three companies aim to create a standardized and repeatable delivery model that helps customers turn growing demand for renewable generation and electrification into bankable, executable projects delivered with greater speed, scale and predictability than traditional project-by-project approaches. A new model for scaling the energy transition. Electricity is becoming the foundation of the next era of growth, powering everything from renewable energy and industrial electrification to AI-driven data centers and modern infrastructure. As demand accelerates, the ability to expand, connect and operate the grid at pace is becoming a critical bottleneck. The industry faces increasing pressure from supply chain constraints, manufacturing capacity limitations, labor shortages and project execution complexity. Through this collaboration, Linxon, Hitachi Energy and FTC Solar intend to address these challenges by aligning technology, manufacturing, and EPC execution capabilities early in the project lifecycle. This approach reflects a shared belief that no single company can scale the energy transition alone; progress depends on stronger partnerships that connect proven technologies, supply chain readiness and execution discipline around customer needs. Strategic benefits for customers include: * Faster project development and delivery through integrated planning. * Improved supply chain certainty and manufacturing slot visibility. * Greater standardization across solar, BESS, and substation designs. * Reduced integration risks between major equipment packages. * Improved project bankability and schedule predictability. * Enhanced scalability for multi-site and programmatic deployments. * Increased reliability through proven technologies and execution models. * A streamlined interface reducing complexity for project owners. By combining best-in-class technologies with proven EPC execution, the collaboration aims to create a platform capable of delivering large portfolios of renewable energy and grid infrastructure projects with greater efficiency and confidence, supporting customers as they modernize critical infrastructure for a more electrified, resilient and sustainable energy system. Stefan Reisacher, CEO of Linxon, stated: "The energy transition is no longer constrained by demand. It is increasingly constrained by execution capacity, supply chain availability, and the industry's ability to scale. This collaboration represents a significant step forward in addressing those challenges. By bringing together Linxon's EPC expertise, Hitachi Energy's industry-leading grid and power technologies, and FTC Solar's innovative and highly constructible solar infrastructure solutions, we are creating a powerful ecosystem that enables customers to move faster, reduce risk, and execute large-scale renewable energy projects with greater certainty and predictability. Together, we are building a delivery platform designed for the next generation of energy infrastructure." Massimo Danieli, CEO Grid Automation at Hitachi Energy commented: "The electricity era requires infrastructure that can expand faster, operate more intelligently and remain resilient as demand grows. Through this agreement, we can better align technology innovation, manufacturing capability, grid integration expertise and project execution to help customers accelerate renewable energy deployment while supporting the reliable, secure and sustainable power systems that society depends on." Anthony Caroll, CEO of FTC Solar added: "Maximizing the efficiency and long-term value of utility-scale renewable projects requires more than best-in-class technologies - it requires like-minded partners leveraging and integrating those solutions in ways that enhance scalability, constructability, and long-term performance. This collaboration creates a compelling value proposition for developers, utilities, and investors seeking predictable project outcomes and accelerated deployment." Delivering the infrastructure for tomorrow's grid. The collaboration will focus on opportunities involving utility-scale Solar and BESS plants. The companies expect the framework to support the development of a growing pipeline of projects where integrated technology selection, early supply chain alignment, and standardized EPC execution can create measurable advantages for customers. For project owners, this means a clearer path from ambition to action: connecting renewable generation, storage and grid infrastructure in ways that improve reliability, reduce complexity and support long-term value. By combining global expertise, advanced technologies and excellence, Linxon, Hitachi Energy and FTC Solar are reinforcing their shared commitment to accelerating the energy transition and enabling a more resilient, sustainable and electrified future.
Chris Wood is betting on this capital goods stock for his India long-only portfolio. By Hormaz Fatakia September 25, 2026, 10:41:14 AM IST (Published) Chris Wood of Jefferies has made on change to his India long-only portfolio, replacing his 5% investment in ABB India, with an equal investment in Hitachi Energy India. Wood highlighted this change in his "Greed & fear" note on Friday, September 25. Citing the demand representation made by the management of Hitachi Energy India at the recently concluded Jefferies India Conference, Wood wrote in his note that Hitachi Energy India is a "picks and shovels" play on the transmission theme in India. The management of Hitachi Energy India, in their presentation at the conference, stated that the total final energy demand is likely to increase by 50% and the electricity demand is set to grow by 100% by 2035. Wood wrote in his note that the market has already understood the transmission theme, which is why it has rewarded Hitachi Energy India's stock price, with a 68% surge year-to-date, which has taken its 12-month forward price-to-earnings multiple to 71 times. "Still, at a time when India has been out of favour on the reverse AI perception, it is worth reminding non-specialists that India continues to enjoy its own structural growth story, which will prove resilient at a time when the current near all-consuming focus on AI diminishes," Wood wrote in his Greed & fear. Jefferies has a "buy" rating on Hitachi Energy India with a price target of ₹45,790, which is the second-highest price target on the street for the stock. 21 analysts have coverage on Hitachi Energy India, of which 13 have a "buy" rating on the stock, six say "hold", and two others have a "sell" rating on the stock. The consensus estimate of price targets are implying an upside potential of 20.5% from current levels. Shares of Hitachi Energy India are trading 1.7% higher on Friday at ₹31,230. The stock is down 6% so far this month.
Hitachi Energy and Enedis lock in €350M of transformers: what it means for data centers. On 25 September 2026, Hitachi Energy, the world's largest transformer manufacturer, announced long-term framework agreements worth €350 million with Enedis, France's main electricity distribution operator. The agreements cover distribution and power transformers plus lifecycle services, supplied from Hitachi Energy's plants in Italy and Poland. For data center developers and industrial buyers, the headline figure matters less than what the deal says about how the transformer market now works. The deal at a glance Value: €350M in long-term framework agreements Scope: distribution and power transformers, lifecycle services Supply: Hitachi Energy plants in Italy and Poland Stated goal: modernise and expand France's distribution grid as electrification accelerates Not disclosed: duration, volumes, delivery lead times What it confirms. The shortage is acknowledged by the market leader itself. Hitachi Energy explicitly presents the agreements as a response to the global transformer shortage. When the largest player in the market, with more than 60 transformer factories worldwide, uses that word, it is no longer an analyst's hypothesis. Grid operators are securing supply years ahead. A framework agreement of this kind reserves manufacturing capacity over several years. The manufacturer gains visibility; the grid operator gains availability and cost predictability. This is how large buyers now operate: not ordering project by project, but reserving slots. What it means for data center developers. On the public grid side, lower risk. Enedis operates France's distribution network, including the transformers in primary substations. For projects connected to the distribution grid, or whose connection depends on Enedis works, the risk of those works slipping for lack of transformers goes down. That is worth factoring into any review of an Enedis connection offer. On the private equipment side, tougher competition. The transformers a developer buys for its own site come off the same production lines. Every slot reserved by a grid operator is a slot no longer available to a buyer who enters the market later. Major manufacturers are already quoting 48 to 60 months or more in 2026, and second-tier European manufacturers remain the main route to faster delivery. See its transformer lead time tracker by manufacturer. What not to conclude. That the market is easing. The announcement gives no duration, volumes or delivery times. It describes secured supply for Enedis, not new capacity for everyone else. Until manufacturers announce new production capacity, volume reserved by one buyer is volume removed for the others. THE lesson for private buyers. Grid operators are showing the way: they secure capacity before they need it. A developer or industrial buyer that waits for its permit and grid contract before approaching manufacturers arrives after them. Three habits follow: To secure your transformers Run manufacturer consultations in parallel with the grid connection process, not after it Consider slot reservations or framework agreements across a portfolio of projects Widen the panel to second-tier European manufacturers and refurbished units Frequently asked questions. What does the Hitachi Energy-Enedis agreement cover? Will the deal shorten transformer lead times in France? What does it change for a data center project? Related intelligence BUYING TRANSFORMERS IN THE NEXT 24 MONTHS? The Market Intelligence Brief tracks lead times by manufacturer, framework agreements and the slots still open, every month.
20 years, $100 billion: how global companies helped shape Chongqing's growth. By ZHAN CHEN | Sep 22,2026 Chongqing - For two decades, some of the world's leading companies have had a direct channel to Chongqing's decision makers. The reason lies in the Chongqing Mayor's International Economic Advisory Council (CMIA), which is marking its 20th anniversary as the city hosts its 20th meeting on September 22 to 23. Since its establishment in 2006, CMIA has brought together executives from multinational corporations to share insights on industrial development, technology and urban growth, while many member companies have expanded their presence in the southwestern Chinese city. During this period, member companies invested more than $100 billion in Chongqing, launched over 100 cooperation projects, contributed more than 2 trillion yuan (about 298 billion U.S. dollars) in foreign trade, and helped create over 700,000 jobs. Today, the council brings together 69 companies and 137 advisers from Fortune Global 500 companies and other leading multinational corporations. Unlike a conventional business conference, the council was designed as a long-term consultation process. Each year, advisers study a specific topic related to Chongqing's economic and social development, then submit recommendations before arriving in the city. During the meeting, they discuss those proposals directly with government officials. That approach allows the conversation to go beyond investment promotion. Companies are not only asked what they need from Chongqing; they are also invited to share what they have learned from global markets, and offer ideas on how the city can respond to new opportunities and challenges. Over the past two decades, many council members have become closely tied to Chongqing's economic growth, bringing global expertise and expanding their operations in the city. Hitachi Energy, a global leader in power grids and energy technologies, has built one of its largest transformer manufacturing bases worldwide in Chongqing. The facility has an annual production capacity of more than 68,000 megavolt-amperes, with products exported to more than 30 countries. Carlsberg, one of the world's leading brewing companies, has invested more than 10 billion yuan in Chongqing. Through its local subsidiary, Chongqing Brewery, the Danish brewer has expanded its presence in China, helping the company grow into one of the country's major beer producers. Chongqing Beer also became the first Chinese local beer brand to be brewed overseas. The global leader in lighting technology Signify has supported Chongqing's urban development through smart and sustainable lighting solutions. The company provided LED sports lighting systems for the Huaxi LIVE Yudong stadium, helping the venue meet international standards for ice hockey and basketball events. These investments represent only one part of the council's broader impact. Over the years, member companies have expanded their presence across sectors including advanced manufacturing, energy, consumer goods, infrastructure and technology, bringing not only capital but also global supply chains, management expertise and technological know-how to Chongqing. As Chongqing deepens its integration into global markets, the council continues to serve as a platform linking the city with leading multinational companies. Beyond individual projects, the long-term partnerships built through the council are helping Chongqing strengthen its industrial base, accelerate technological upgrading and expand its connections with the global economy.