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Killexams : Hitachi Energy invests US$37 million to expand transformer manufacturing facility in South Boston, Virginia

Hitachi Energy today (Oct 12) announced plans to invest more than US$37 million in the expansion and modernization of its power transformer manufacturing facility in South Boston, Virginia to address fast-growing demand from utility customers and for applications such as renewable energy generation and data centers. In addition to its own investments, Hitachi Energy is leveraging financial support from the Commonwealth of Virginia and Halifax County where the facility is located.

Transformers adjust and stabilize the voltage of electricity to ensure an efficient, reliable power supply across the region. This location produces both distribution and power transformers for the nation's power grid, commercial buildings, and industrial facilities, as well as traction transformers for use in railway applications. The South Boston factory currently covers an area of approximately 607,000 square feet, and hosts about 450 employees.

These latest investments in the facility are for an additional 26,000 sq. ft. of production space in its power transformer building, which will support the manufacturing of larger transformers specifically designed for utility and renewable energy markets. The project also includes investments in automated equipment and changes in factory processes to reduce factory cycle times and Boost operational performance. This is particularly critical in the face of current supply chain challenges brought on by the pandemic and other factors.

The South Boston manufacturing facility has been in operation since 1968 and is one of the premier manufacturing locations in Halifax County and Southern Virginia.

"Hitachi Energy's ambitious expansion in Halifax County represents a strong commitment and tremendous vote of confidence in the Commonwealth of Virginia as a great place to do business," said Virginia Governor Glen Youngkin. "Hitachi Energy has been an important, long-standing employer in Southern Virginia for nearly 50 years, and we are thrilled the company will create additional good-paying jobs in the community. We are glad to be able to play a small part in making this expansion happen."

For this expansion, Hitachi is partnering with the Commonwealth of Virginia's Economic Development Partnership (VEDP) as well as Halifax County's Industrial Development Authority (IDA).

Steve McKinney, Senior VP and Head of Hitachi Energy's Transformer Business in North America said: "Demand for transformers is growing rapidly and we are continuing to invest in our local footprint here in North America to keep pace. We are committed to helping our customers manage the energy transition, and our dedicated employees at the South Boston facility have an important role to play in serving utilities, renewable energy developers, and more as demand for electricity grows."

Hitachi Energy is actively recruiting in South Boston, offering skilled manufacturing positions and opportunities across a range of corporate functions, from experienced professional opportunities to early career openings. To learn more visit us at the Hitachi Energy Careers page.

About Hitachi Energy Ltd.

Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of approximately $10 billion USD.
https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://twitter.com/HitachiEnergy

About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company's consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.

Media Contact:

Jocelyn Chang
Head of Media Strategy & Global Media Relations
Hitachi Energy
+41 79 384 7775
jocelyn.chang@hitachienergy.com

Sun, 16 Oct 2022 16:51:00 -0500 en text/html https://electricenergyonline.com/article/energy/category/t-d/56/984745/hitachi-energy-invests-us-37-million-to-expand-transformer-manufacturing-facility-in-south-boston-virginia.html
Killexams : Hitachi's latest batch of potential leadership candidates is 26% foreign

TOKYO -- Foreign nationals now account for 26% of young employees that Japanese industrial group Hitachi has selected as potential candidates for future management positions, compared with just a few names when the program began four years ago.

The 119 employees selected in fiscal 2021, mainly in their 30s and 40s, will be assigned to overseas posts and cross-business projects.

Thu, 13 Oct 2022 01:12:00 -0500 en-GB text/html https://asia.nikkei.com/Business/Companies/Hitachi-s-latest-batch-of-potential-leadership-candidates-is-26-foreign
Killexams : Elevator Inverter Market Growth Prospects and Research 2022 Reliable Industry Data, Demand, Future Developments, Size and Share Forecast to 2028

The MarketWatch News Department was not involved in the creation of this content.

Oct 14, 2022 (The Expresswire) -- Global “Elevator Inverter Market” report 2022 investigates industry size, share, significant types, and applications across all the regions. It highlights all logical and factual briefs about Elevator Inverter Market with Top Players analysis that includes business overview, CAGR, Production Volume, Sales, and Revenue. Elevator Inverter market report covers entire growth scenario of key participants, future developments, preferred sellers, and market shares along with authentic information and price analysis. The research report collects data about the target market such as pricing trends, customer requirements, competitor analysis, and geographic expansions.

The report (118 Pages) represents product segments, primary markets, implementations, and geographical analysis along with business growth prospects and market shares.

Get a sample PDF of report @https://www.industryresearch.biz/enquiry/request-sample/21799457

Elevator Inverter Market Report Overview:
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Elevator Inverter estimated at USD million in the year 2022, is projected to reach a revised size of USD million by 2028, growing at a CAGR of % during the forecast period 2022-2028.
The USA market for Elevator Inverter is estimated to increase from USD million in 2022 to reach USD million by 2028, at a CAGR of % during the forecast period of 2023 through 2028.
The China market for Elevator Inverter is estimated to increase from USD million in 2022 to reach USD million by 2028, at a CAGR of % during the forecast period of 2023 through 2028.
The Europe market for Elevator Inverter is estimated to increase from USD million in 2022 to reach USD million by 2028, at a CAGR of % during the forecast period of 2023 through 2028.
The global key manufacturers of Elevator Inverter include Toshiba Corporation, Otis Elevator Company, Mitsubishi Electric Corporation, Schindler Holding Ltd, Hitachi Ltd, Fujitec Co, ThyssenKrupp AG, KONE Corporation and Kleemann Hellas SA, etc. In 2021, the global top five players had a share approximately % in terms of revenue.
In terms of production side, this report researches the Elevator Inverter production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Elevator Inverter by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.

Key Companies Covered
In this section of the report, the researchers have done a comprehensive analysis of the prominent players operating and the strategies they are focusing on to combat the intense competition. Company profiles and market share analysis of the prominent players are also provided in this section.

List of Top Key Players of the Elevator Inverter Market Report:

● Toshiba Corporation
● Otis Elevator Company
● Mitsubishi Electric Corporation
● Schindler Holding Ltd
● Hitachi Ltd
● Fujitec Co
● ThyssenKrupp AG
● KONE Corporation
● Kleemann Hellas SA
● Hyundai Elevator

Get A sample Copy Of The Elevator Inverter Market Report 2022-2028

Elevator Inverter Market Report Scope:

This report aims to provide a comprehensive presentation of the global market for Elevator Inverter, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Elevator Inverter.

The Elevator Inverter market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue (USD millions), considering 2021 as the base year, with history and forecast data for the period from 2017 to 2028. This report segments the global Elevator Inverter market comprehensively. Regional market sizes, concerning products by types, by application, and players, are also provided. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Market Segments Analysis:

This report has explored the key segments: by Type and by Application. This report also provides sales, revenue, and average price forecast data by type and by application segments based on production, price, and value for the period 2017-2028.

On the basis of Product Type, this report displays the production, revenue, price, market share, and growth rate of each type, primarily split into:

● Automatic
● Semi-automatic

On the basis of the End Users/Applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share, and growth rate for each application, including:

● Hotels
● Retail
● Residential
● Transportation
● Hospitals
● Parking Building
● Others

TO KNOW HOW COVID-19 PANDEMIC AND RUSSIA UKRAINE WAR WILL IMPACT THIS MARKET - REQUEST SAMPLE

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

Key Inclusions of the Elevator Inverter Market Report:

● COVID-19 effects on growth figures. ● Statistical analysis pertaining to market size, sales volume, and overall industry revenue. ● Organized mentions of major market trends. ● Figures showcasing market growth rate and growth opportunities. ● Advantages and disadvantages of direct and indirect sales channels. ● Insights regarding traders, distributors, and dealers present in the industry. ● Elevator Inverter market size at the regional and country-level

Key Drivers and Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. certified have also laid their focus on upcoming business prospects.

Geographically, the Major Regions Covered in Elevator Inverter Market Report Are:To comprehend Elevator Inverter market dynamics across major global regions.

North America(United States, Canada) ● Europe(Germany, France, U.K., Italy, Russia) ● Asia Pacific(China, Japan, South Korea, Taiwan, Southeast Asia, India, Australia) Latin America(Mexico, Brazil) ● Middle East and Africa(Turkey, Saudi Arabia, UAE, Rest of MEA)

Get a sample PDF of report @https://www.industryresearch.biz/enquiry/request-sample/21799457

Key Benefits of This Market Research:

● Industry drivers, restraints, and opportunities covered in the study ● Neutral perspective on the market performance ● accurate industry trends and developments ● Competitive landscape and strategies of key players ● Potential and niche segments and regions exhibiting promising growth covered ● Historical, current, and projected market size, in terms of value ● In-depth analysis of the Elevator Inverter Market ● Overview of the regional outlook of the Elevator Inverter Market

Some of the Key Questions Answered in the Elevator Inverter Market Report:

● What could be the market value of the Elevator Inverter market in the forecast years and the growth rate? ● What are the business models and strategies to drive decision-making in the face of business uncertainty during the pandemic? ● Which segment of the Elevator Inverter market had the potential impact on the covid-19 pandemic? ● Which are the organic and inorganic growth opportunities in the emerging and existing Elevator Inverter markets? ● Which are the accurate launches and prototypes in the Elevator Inverter market? ● Which are the key opportunities for expanding the footprint in the Elevator Inverter market? ● What are the financial highlights such as revenue, profit, and net worth for the current year? ● What are the future growth projections of the Elevator Inverter market? ● What could be the outcome of the covid-19 pandemic on the future of the Elevator Inverter market? ● What is the long-term attractiveness of the Elevator Inverter market?

Enquire before purchasing this report- https://www.industryresearch.biz/enquiry/pre-order-enquiry/21799457

Core Chapters Covered:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc.), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Detailed analysis of Elevator Inverter manufacturer's competitive landscape, price, output, and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 3: Production/output, the value of Elevator Inverter by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.

Chapter 4: Consumption of Elevator Inverters at the regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 5: Provides the analysis of various market segments according to product type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 6: Provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, revenue, price, gross margin, product introduction, accurate development, etc.

Chapter 8: Analysis of the industrial chain, including the upstream and downstream of the industry.

Chapter 9: Analysis of sales channel, distributors, and customers

Chapter 10: Introduces the market dynamics, the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 11: Production and supply forecast, global and regional

Chapter 12: Consumption and demand forecast, global and regional

Chapter 13: Forecast by type and by application. It provides a quantitative analysis of the market size and development potential of each market segment in the next six years.

Detailed TOC of Global Elevator Inverter Market@https://www.industryresearch.biz/TOC/21799457

Key Points From TableofContent:
1 Elevator Inverter Market Overview
1.1 Product Overview and Scope of Elevator Inverter
1.2 Elevator Inverter Segment by Type
1.2.1 Global Elevator Inverter Market Size Growth Rate Analysis by Type 2022 VS 2028
1.3 Elevator Inverter Segment by Application
1.3.1 Global Elevator Inverter Consumption Comparison by Application: 2022 VS 2028
1.4 Global Market Growth Prospects
1.4.1 Global Elevator Inverter Revenue Estimates and Forecasts (2017-2028)
1.4.2 Global Elevator Inverter Production Capacity Estimates and Forecasts (2017-2028)
1.4.3 Global Elevator Inverter Production Estimates and Forecasts (2017-2028)
1.5 Global Market Size by Region
1.5.1 Global Elevator Inverter Market Size Estimates and Forecasts by Region: 2017 VS 2021 VS 2028
1.5.2 North America Elevator Inverter Estimates and Forecasts (2017-2028)
1.5.3 Europe Elevator Inverter Estimates and Forecasts (2017-2028)
1.5.4 China Elevator Inverter Estimates and Forecasts (2017-2028)
1.5.5 Japan Elevator Inverter Estimates and Forecasts (2017-2028)

2 Market Competition by Manufacturers
2.1 Global Elevator Inverter Production Capacity Market Share by Manufacturers (2017-2022)
2.2 Global Elevator Inverter Revenue Market Share by Manufacturers (2017-2022)
2.3 Elevator Inverter Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.4 Global Elevator Inverter Average Price by Manufacturers (2017-2022)
2.5 Manufacturers Elevator Inverter Production Sites, Area Served, Product Types
2.6 Elevator Inverter Market Competitive Situation and Trends
2.6.1 Elevator Inverter Market Concentration Rate
2.6.2 Global 5 and 10 Largest Elevator Inverter Players Market Share by Revenue
2.6.3 Mergers and Acquisitions, Expansion

3 Production Capacity by Region
3.1 Global Production Capacity of Elevator Inverter Market Share by Region (2017-2022)
3.2 Global Elevator Inverter Revenue Market Share by Region (2017-2022)
3.3 Global Elevator Inverter Production Capacity, Revenue, Price and Gross Margin (2017-2022)
3.4 North America Elevator Inverter Production
3.4.1 North America Elevator Inverter Production Growth Rate (2017-2022)
3.4.2 North America Elevator Inverter Production Capacity, Revenue, Price and Gross Margin (2017-2022)
3.5 Europe Elevator Inverter Production
3.5.1 Europe Elevator Inverter Production Growth Rate (2017-2022)
3.5.2 Europe Elevator Inverter Production Capacity, Revenue, Price and Gross Margin (2017-2022)
3.6 China Elevator Inverter Production
3.7 Japan Elevator Inverter Production

4 Global Elevator Inverter Consumption by Region
4.1 Global Elevator Inverter Consumption by Region
4.1.1 Global Elevator Inverter Consumption by Region
4.1.2 Global Elevator Inverter Consumption Market Share by Region
4.2 North America
4.3 Europe
4.4 Asia Pacific
4.5 Latin America

5 Segment by Type
5.1 Global Elevator Inverter Production Market Share by Type (2017-2022)
5.2 Global Elevator Inverter Revenue Market Share by Type (2017-2022)
5.3 Global Elevator Inverter Price by Type (2017-2022)

6 Segment by Application
6.1 Global Elevator Inverter Production Market Share by Application (2017-2022)
6.2 Global Elevator Inverter Revenue Market Share by Application (2017-2022)
6.3 Global Elevator Inverter Price by Application (2017-2022)

………………...Continued

Reasons to Purchase Elevator Inverter Market Report:

● The trendy developments, market shares, and strategies that are employed by means of the essential market players ● The segment that is anticipated to dominate the market as properly as the segment which holds the highest CAGR in the forecast period ● Current and future of global Elevator Inverter Market outlook in the developed and rising markets ● Regions/countries that are anticipated to witness the quickest growth rates at some stage in the forecast period ● The Elevator Inverter market research study describes numerous major regions around the world. ● Elevator Inverter research takes into account product capacities, value, manufacturing, and consumption, and provides quantitative information on the world’s most important markets. ● The report will also feature critical market information that will supply customers a competitive advantage in the global Elevator Inverter industry.

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Killexams : Hitachi Energy will expand its Virginia power transformer factory to meet soaring US demand

Global sustainable energy giant Hitachi Energy today announced that it will spend more than $37 million to expand and upgrade its power transformer factory in South Boston, Virginia. This is in response to soaring demand for power transformers from utility companies that are scrambling to accommodate the renewable energy boom after the Biden administration passed the Inflation Reduction Act in August.

Hitachi Energy’s South Boston factory manufactures both distribution and power transformers for the US power grid, commercial buildings, and industrial facilities, as well as traction transformers for railway applications use.

Power transformers are static machines used for transforming power from one circuit to another without changing the frequency. They adjust and stabilize the voltage of electricity to ensure an efficient, reliable power supply.

Distribution transformers provide the final voltage transformation in the power distribution system, stepping down the voltage used in the distribution lines to the level used by the customer.

Hitachi Energy will add 26,000 square feet of production space in the factory’s power transformer building to support the manufacturing of larger transformers specifically designed for utility and renewable energy markets.

The South Boston factory, which has been in operation since 1968, is currently around 607,000 square feet in size. Around 450 employees work there, and Hitachi Energy says it’s now actively recruiting more people.

Steve McKinney, senior VP and head of Hitachi Energy’s transformer business in North America, said:

Demand for transformers is growing rapidly and we are continuing to invest in our local footprint here in North America to keep pace.

The company says it will also invest in automated equipment and changes in factory processes to reduce factory cycle times and Boost operational performance. Hitachi notes that the process changes are “particularly critical in the face of current supply chain challenges brought on by the pandemic and other factors.”

Hitachi Energy is also leveraging financial support from the Commonwealth of Virginia and Halifax County, where the South Boston factory is located. 

This is why we need good policy, people. The Inflation Reduction Act passed, and the private sector is hopping to it as a result of federal incentives and demand. This means that the long-overdue US grid upgrade is finally kicking off.

That makes ramping up the manufacturing of power transformers sexy in my book, because energy resilience is non-negotiable in the face of geopolitical challenges and climate change.


UnderstandSolar is a free service that links you to top-rated solar installers in your region for personalized solar estimates. Tesla now offers price matching, so it’s important to shop for the best quotes. Click here to learn more and get your quotes. — *ad.

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Killexams : Hitachi Vantara Sees Object Storage Growth Explode as Organizations Seek Data-Driven Advantages

SANTA CLARA, Calif., Oct. 12, 2022 — Hitachi Vantara, modern infrastructure, data management and digital solutions subsidiary of Hitachi Ltd., today announced significant growth in its Hitachi Content Platform (HCP) object storage business with substantial net new customers in 1HFY22 and a projected growth of +40% in Q2 FY22 compared to Q2 FY21, outstripping the market CAGR of 13.6%. This growth is especially significant given the challenges businesses face converting data into valuable insights that Boost customer experiences, create new efficiencies and fuel innovation.

Representing up to 90% of all data stored, unstructured data is a critical component to achieving data centricity but is often left unutilized as the vast majority is never analyzed. To help organizations efficiently process this information, advanced analytics and business intelligence tools are vital to easily classify and make sense of data, govern it, and make it actionable. A accurate report by GigaOm notes, “with the right processes and tools, businesses can do more with their data than ever before, mining it for hidden insights and capturing incredible value in the process, transforming it from a liability into an asset.”

“A quality unstructured data platform extends beyond just storing data – robust analytics are crucial in delivering insights into an organizations data patterns and trends,” said Radhika Krishnan, Chief Product Officer for Hitachi Vantara. “As customers’ needs evolve and IT departments transform from a supporting role to one of enablement, HCP is uniquely suited to addressing the biggest data challenges with faster and more accurate insights for improved savings, employee productivity, and customer experience.”

Hitachi Content Platform Adds Intelligence to Object Storage

HCP offers a broad ecosystem of solutions including comprehensive, intelligent data management that spans beyond object storage alone to unlock the full value of data assets. A leader in the GigaOM Radar for Unstructured Data Management Business Solutions and a DCIG Top 5 On-premises SDS Object Storage Solution, Hitachi’s HCP portfolio delivers robust capabilities for empowering customers as they extend beyond the walls of the enterprise, to the cloud and the edge.

DCIG reports, “HCP demonstrates wide deployment, cloud and analytic support compared with other evaluated solutions,” and that “Hitachi Vantara complements HCP with a portfolio of software products that provides expanded data management, governance, analytics, collaboration, and file gateway capabilities.”

HCP Partners Discover New Unstructured Data Management Customer-Use-Cases

“The major purpose of long-term digital preservation is to preserve primary data and metadata in such a way that both the readability and the interpretability (authenticity) can be guaranteed. Long-term preservation has become more challenging since data formats, compliance, applications, and usage changes over the life of the data. Our customers are interested in a secure transfer of data to and from the cloud to store/preserve data and make it easy to access,” said Paul Schindeler, CEO of Data Matters, a cloud services provider in The Netherlands. “Hitachi Content Platform successfully delivers on all of these requirements, making it a perfect platform to build solutions for integrating analytics with a private cloud, while helping ensure privacy, security and longevity of data.”

“As a cloud services provider, we pride ourselves in providing infrastructure that scales without limits and facilitates data innovation while maintaining flexibility, security, and investment protection within our customers’ existing systems,” said Ahsan Khan, Chief Technology Officer at ThinkOn, a cloud computing services provider in Ontario, Canada. “We believe object storage is the ideal technology to securely deliver our storage services and help protect against the latest cyber and ransomware threats by employing strong data protection policies, including encryption, object locking, and multiple backups of sensitive data. Using the Hitachi Content Platform portfolio as the foundation for our data protection-as-a-service offerings, we can provide our customers their choice of industry-leading backup, disaster recovery, analytics, and storage service offerings.”

Hitachi Vantara Unstructured Data Webinar Series

Hitachi Vantara is hosting a series of webinars featuring trailblazing partners, and industry analysts discussing the cloud journey for enterprises, delving into best practices and considerations for a cloud object storage solution.

  • Software-Defined Infrastructure: Transform & Secure IoT & Big Data Environments
    November 8, 2022 – 12:00 PM (PDT)
    The data center is no longer a physical location – this webinar will explore the shift in how organizations are investing in their data centers and real-world best practices for Big Data Analytics and IoT environments.
    Participants: Todd Dorsey, analyst, DCIG; Ken Clipperton, analyst, DCIG; Tanya Loughlin, director, Content Platforms, Hitachi Vantara
  • A Holistic View of Infrastructure and People: Embracing a Hybrid Cloud Approach
    November 15, 2022 – 12:00 PM (PDT)
    Being digital goes beyond operating in digital channels – this webinar will explore how organizations are applying an inclusive view of infrastructure and people to build transformative solutions.
    Participants: Enrico Signoretti, research analyst, GigaOm; Tanya Loughlin, director, Content Platforms, Hitachi Vantara

About Hitachi Vantara

Hitachi Vantara, a wholly owned subsidiary of Hitachi Ltd., delivers the intelligent data platforms, infrastructure systems, and digital expertise that supports more than 80% of the Fortune 100.


Source: Hitachi Vantara

Wed, 12 Oct 2022 05:35:00 -0500 text/html https://www.datanami.com/this-just-in/hitachi-vantara-sees-object-storage-growth-explode-as-organizations-seek-data-driven-advantages/
Killexams : Hitachi Energy to create 165 jobs in Halifax County

HALIFAX COUNTY, Va. – Governor Youngkin announced Wednesday that Hitachi Energy will invest $37 million to expand its operation in Halifax County.

Hitachi Energy’s investment will create 165 new jobs. The company will also add 26,000 square feet to its facility for a new production line, specifically supporting utility and renewable energy markets.

“Hitachi Energy’s ambitious expansion in Halifax County represents a strong commitment and tremendous vote of confidence in the Commonwealth of Virginia as a great place to do business,” said Governor Glenn Youngkin. “Hitachi Energy has been an important, long-standing employer in Southern Virginia for nearly 50 years, and we are thrilled the company will create additional good-paying jobs in the community.”

The Virginia Economic Development Partnership worked with Halifax County along with the Halifax County Industrial Development Authority to secure the project. The Virginia Tobacco Region Revitalization Commission also approved a $220,000 grant from the Tobacco Region Opportunity Fund for the investment.

Hitachi Energy employs more than 720 workers across the state, and about 370 in Halifax County.

“Hitachi Energy is an excellent corporate citizen,” said Rick Short, Chairman of the Halifax County Board of Supervisors. “Their decision to expand comes with the full support of Halifax County.”

The energy company is a global technology leader, aimed at advancing a sustainable energy future for all. Its goal is to accelerate the energy transition toward a carbon-neutral future.

Copyright 2022 by WSLS 10 - All rights reserved.

Wed, 12 Oct 2022 13:09:00 -0500 en text/html https://www.wsls.com/news/local/2022/10/12/hitachi-energy-to-create-165-jobs-in-halifax-county/
Killexams : Hitachi Energy expanding operation in Halifax County, creating 165 jobs

HALIFAX COUNTY, Va. (WDBJ/Governor’s Office Release) - Hitachi Energy is investing $37 million to expand its operation in Halifax County, according to Governor Glenn Youngkin’s team.

The company will add 26,000 square feet to its facility for a new production line for the manufacture of larger transformers specifically made to support utility and renewable energy markets. The expansion will create 165 jobs.

“Hitachi Energy’s ambitious expansion in Halifax County represents a strong commitment and tremendous vote of confidence in the Commonwealth of Virginia as a great place to do business,” said Governor Glenn Youngkin. “Hitachi Energy has been an important, long-standing employer in Southern Virginia for nearly 50 years, and we are thrilled the company will create additional good-paying jobs in the community.”

“Hitachi Energy’s decision to reinvest in its Halifax County facility is a testament to Southern Virginia’s skilled manufacturing workforce and integrated transportation network that allows the company to extend its market reach,” said Secretary of Commerce and Trade Caren Merrick. “We look forward to a continued partnership with this expansion, which further secures the future longevity of Hitachi Energy in the Commonwealth.”

Steve McKinney, Senior VP and Head of Hitachi Energy’s Transformer Business in North America, said, “Hitachi Energy welcomes the support of the Commonwealth of Virginia and Halifax County for the expansion of our facility in South Boston. This expansion will help us address the growing demand for transformers from customers including utilities, renewable energy developers, and more. Southern Virginia has been and continues to be a great place for us to do business.”

“Hitachi Energy is an excellent corporate citizen,” said Rick Short, Chairman of the Halifax County Board of Supervisors. “Their decision to expand comes with the full support of Halifax County.”

Rick Harrell, Chair of the Halifax County Industrial Development Authority, stated, “Existing business and industry is the number one priority of the IDA. We are proud to be able to support Hitachi Energy’s continued growth in Halifax County.”

“We are pleased to see global manufacturers like Hitachi Energy expanding their footprint in Southern Virginia,” said Stephen A. Edwards, CEO and executive director of the Virginia Port Authority. “As The Port of Virginia moves forward on its goal of becoming carbon-neutral [by 2040], we look forward to providing a supply chain solution for a company that will deliver a sustainable energy future for all. When we work with like-minded businesses, like Hitachi, we see opportunities to grow and learn.”

Tobacco Commission Chairman, Senator Frank Ruff said, “I believe that Virginia is the best state in which to do business and when a global company like Hitachi Energy announces a major expansion, like this one in Halifax, it underscores that point. I am proud that the Tobacco Commission was able to play a role in bringing the 165 jobs this expansion will create to Southside Virginia and I thank Hitachi Energy for strengthening their commitment to our region.”

“The decision Hitachi Energy has made to expand yet again in Halifax County is, I believe, a testament to their commitment to the citizens of Halifax County that they are here to stay,” said Delegate James E. Edmunds (R-60). “I commend the Halifax County IDA for recognizing that not all new jobs come from new industry, and I hope all of the businesses of Halifax County, large and small, know that they will be appreciated not only when they move here but also the whole time they operate here!”

The company employs more than 720 workers in Virginia, with approximately 370 at the South Boston facility in Halifax County.

Wed, 12 Oct 2022 02:08:00 -0500 en text/html https://www.wdbj7.com/2022/10/12/hitachi-energy-expanding-operation-halifax-county-creating-165-jobs/
Killexams : Hitachi Energy expansion in Virginia gets $731,000 in grants © Provided by Washington Examiner

(The Center Square) – A Hitachi Energy expansion project in Halifax County, Virginia will receive at least $731,000 in grants, but could receive more funding, Gov. Glenn Youngkin announced.

The company is investing about $37 million to create a new production line for making larger transformers to support utility and renewable energy markets, according to the governor’s office. The investment will add 26,000 square feet to its facility and is expected to create 165 new jobs.

“Hitachi Energy’s ambitious expansion in Halifax County represents a strong commitment and tremendous vote of confidence in the Commonwealth of Virginia as a great place to do business,” Youngkin said in a statement. “Hitachi Energy has been an important, long-standing employer in Southern Virginia for nearly 50 years, and we are thrilled the company will create additional good-paying jobs in the community.”

The governor approved a $551,500 grant through the Commonwealth’s Opportunity Fund to help Halifax County with the project. Another $220,000 grant from the Virginia Tobacco Region Revitalization Commission will also support the project. The company will also receive support for employee training through the state-funded Virginia Jobs Investment Program.

In addition to those grants, Hitachi is eligible for two more grant programs. This includes the Virginia Enterprise Zone Program, which could reward up to $100,000 to assist with the expansion. It also includes the Port of Virginia Economic and Infrastructure Development Zone Grant Program, which could reward up to $500,000 to help with the expansion. If the company receives the maximum grants through both of these programs, the project could receive more than $1.3 million in total grant funding.

“Hitachi Energy’s decision to reinvest in its Halifax County facility is a testament to Southern Virginia’s skilled manufacturing workforce and integrated transportation network that allows the company to extend its market reach,” Secretary of Commerce and Trade Caren Merrick said in a statement. “We look forward to a continued partnership with this expansion, which further secures the future longevity of Hitachi Energy in the Commonwealth.”

Hitachi employs more than 720 people in Virginia, which includes about 370 workers at the Halifax County facility. The company’s global headquarters is in Switzerland and its North American headquarters is based in Raleigh, North Carolina.

 

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Tags: Energy, Virginia, Work, Government Grants

Original Author: Tyler Arnold | The Center Square

Original Location: Hitachi Energy expansion in Virginia gets $731,000 in grants

Sat, 15 Oct 2022 00:46:00 -0500 en-US text/html https://www.msn.com/en-us/news/us/hitachi-energy-expansion-in-virginia-gets-731-000-in-grants/ar-AA12Ztex
Killexams : Hitachi opens 200K square foot Hillsboro nanotechnology center No result found, try new keyword!Hitachi High-Tech America has opened its new Hillsboro Nanotechnology Innovation Center, which consolidates local outposts into a roughly 200,000-square-foot facility. The new center is at 3600 N ... Mon, 03 Oct 2022 22:56:00 -0500 text/html https://www.bizjournals.com/portland/news/2022/10/03/hitachi-nanotechnology-innovation-hillsboro.html
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