As renewable energy proliferates, major players like Hitachi, ABB and GE are seeing value in combining grid and generation business units.
During DISTRIBUTECH 2019, Terrance Donnelly, COO at ComEd said that utilities aren’t in the utility business anymore. Perhaps the same can be said for major energy players like GE, ABB and Hitachi who are also transforming their organizations to meet the renewable future.
In December, Hitachi said that it plans to acquire ABB’s power grids business, which includes Grid Automation, Grid Integration, and High Voltage Products and Transformers. Hitachi’s existing power systems business includes wind power generation and nuclear power generation. Hitachi also has a transmission and distribution system business unit.
POWERGRID sat down with three key executives from ABB — Claudio Facchin President, Power Grids division, Massimo Danieli, Group Senior Vice President and Managing Director for the Grid Automation Division and Anders Sjoelin, Head of North American Power Grids — to discuss the future of the global electricity market and hear how they view Hitachi’s interest in their company.
Read full article on renewableenergyworld.com
