Latest news with #HitachiEnergy
Time of India
15-07-2025
- Automotive
- Time of India
Hitachi Energy hands over India's first 400 kV synthetic ester fluid-filled transformer to Power Grid
Hitachi Energy on Wednesday said that it has flagged off India's first 400 kV class three-phase synthetic ester fluid-filled power transformer for Power Grid Corporation of India . This occasion marks a significant milestone in sustainable, high-performance power solutions, a company statement said. According to the statement, engineered for future-ready performance, these transformers operate at higher temperatures, support greater load capacities, leading to reduced operational costs, superior energy efficiency, and safety from fire hazards which could get triggered at that temperature. The ester fluid-filled transformer stands out as the largest-of-its-kind in India, both in terms of kV class and MVA rating, and reinforces Hitachi Energy's leadership in advanced, eco-conscious technology along with enhanced safety. Developed and manufactured entirely based on Hitachi Energy's Trafostar global platform and at the power transformers manufacturing facility in Maneja, Vadodara, the 315 MVA rating transformer represents a significant stride toward ' Atmanirbhar Bharat ' in the energy sector. Ester fluid, with a high flash point of 330°C, significantly reduces fire hazards in the transformer. Its biodegradable fluid minimizes environmental risks, making it an ideal choice for sensitive or high-density installations.
Yahoo
10-07-2025
- Business
- Yahoo
NKT begins construction of high-voltage power cable systems test centre in Sweden
NKT has initiated the construction of a new test centre for high-voltage (HV) power cable systems at its Karlskrona factory in Sweden. This development is said to be a significant step in the ongoing expansion aimed at boosting the factory's production capacity and installation capabilities. The centre is poised to become one of the world's largest and most advanced facilities for testing both AC and DC power cable technologies, states NKT. The construction of this centre is expected to meet the demand for HV power cable systems. The facility is a component of the €1.3bn ($1.4bn) expansion of NKT's HV cable factory in Karlskrona, which also includes the new cable-laying vessel, NKT Eleonora. Spanning approximately 4,000m², the new centre is set to be fully operational by 2027. NKT is reinforcing its partnership with suppliers Hitachi Energy and ABB for the current test centre's operations. Hitachi Energy will provide specially designed shunt reactors while ABB is tasked with delivering a sophisticated drive and control system for the new facility. Testing reportedly plays a pivotal role in material development, power cable innovations, and manufacturing processes. NKT says the new test centre will enhance its testing capacity, supporting a wide array of evaluations from material and process development to sample, routine, and after-installation site acceptance tests. NKT, headquartered in Denmark with a workforce of 6,000, engages in designing, manufacturing, and installing power cable solutions across low-, medium-, and high-voltage ranges, facilitating the sustainable energy transmission. In December 2024, Skanska signed a contract worth Skr1.2bn with NKT HV Cables for the second phase of construction and installation at the Karlskrona factory. More recently, in April, Assemblin entered into an agreement with Skanska for installations at NKT's upcoming extrusion tower in Karlskrona. "NKT begins construction of high-voltage power cable systems test centre in Sweden" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-07-2025
- Business
- Yahoo
UK Eastern Green Link 2 project secures $939m from SEK
The Swedish Export Credit Corporation (SEK) has announced a €800m ($939m) loan facility with National Grid Electricity Transmission for the UK's Eastern Green Link 2 (EGL2) project. The EGL2 project includes the development of a 525kV, 2GW high-voltage direct current (HVDC) subsea transmission cable from Peterhead to Drax in Yorkshire. It is being developed by a partnership between National Grid Electricity Transmission (NGET) and Scottish and Southern Electricity Networks Transmission (SSENT). Overall expenditure for EGL2 is projected to be €5bn ($5.8bn). The EGL2 subsea link is expected to be operational by 2029. The project will support the decarbonisation of the UK's electricity grid, aligning with the government's net zero strategy. SEK is funding Swedish and European exports for National Grid's portion of the project, including supplies from Hitachi Energy. The financing is designated as a Green Loan under international standards, signifying its contribution to climate improvement and alignment with global sustainability objectives. The financial arrangement includes a partnership with Société Générale (SocGen) and BNP Paribas, with funding from SEK supported by a Green Export Credit Guarantee from EKN. SEK global trade and export finance director Marica Bixo stated: 'This is a strategically important investment that strengthens the UK's renewable energy infrastructure. We are proud to contribute by financing Swedish technology with global impact. 'Green and sustainable financing is a priority area for us, and this project clearly supports the transition to a low-carbon economy.' SSENT and NGET commenced construction work on the EGL2 project in September 2024. "UK Eastern Green Link 2 project secures $939m from SEK" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Time of India
08-07-2025
- Business
- Time of India
Siemens Energy shares rally over 3% after Jefferies initiates coverage with buy, sees 13% upside
Shares of Siemens Energy India rose as much as 3.5% to Rs 3,105.95 on the BSE on Tuesday after Jefferies initiated coverage on the newly listed stock with a 'buy' rating and a price target of Rs 3,500, implying a potential upside of 12.7% from the current levels. The rally follows a 4% gain on Monday, when the stock snapped a four-day losing streak after posting better-than-expected quarterly results. In its initiation note, Jefferies termed Siemens Energy India a 'Power Capex Play,' forecasting a 50% CAGR in earnings per share between September 2024 and September 2027. The brokerage said it expects revenue to grow at a 34% CAGR over the same period, underpinned by a sharp increase in domestic power infrastructure spending. 'Siemens Energy revenues to rise at 34% CAGR in September 24-27,' Jefferies said, projecting India's power capex to more than double to over USD 280 billion during FY25–30, compared with FY18–24. The brokerage noted that transmission bids worth Rs 1.5 trillion were awarded in FY25, four times the Rs 395 billion seen the previous year. The brokerage said that the company is spending Rs 4.6 billion to double transformer capacity and add large reactors to its product portfolio by December 2025, a move that 'reflects management's growth confidence.' Post-demerger, the company is '100% focused on the energy business and a key beneficiary of the USD 100 billion+ transmission capex pipeline.' Jefferies also flagged the company's comprehensive energy portfolio and backing from its global parent as drivers of future market share gains. Margin expansion led by operating leverage Jefferies sees operating leverage as a key profitability lever that could drive a 460 basis point improvement in margins by FY27. The brokerage said that current margins reflect sub-60% utilisation at the company's transmission and distribution facilities. Fixed overheads, which account for roughly 40% of other expenses, currently stand at 17% of revenues and are expected to decline to 11–12% by September 2027, enabling significant margin expansion. 'Gross margin expansion will add to margin upside. Our strong 30%+ revenue CAGR is at the crux of these estimates,' the brokerage said. The company's order book rose 55% year-on-year to Rs 151 billion in March 2025, offering strong revenue visibility. The Rs 3,500 price target values Siemens Energy India at 65x estimated Mar-2027 earnings, which Jefferies said is 'a 5% discount to Hitachi Energy.' Peer firms like GE Vernova T&D and Hitachi Energy currently trade at 55x and 68x forward earnings respectively. Jefferies noted that Siemens Energy India, which demerged from Siemens on April 7 and was listed on June 19, is 'India's largest power equipment player by market cap at USD12 billion vs GE and Hitachi at USD7-10 billion.' The brokerage flagged two downside risks: a scenario where fixed costs rise in line with or faster than revenues, and a slowdown in power capex due to weaker demand. Strong quarter boosts momentum The stock's recent gains also follow robust Q2FY25 results. Revenue rose 24% sequentially, while the EBITDA margin came in at a healthy 19.1%, driven by strong performance in the power transmission segment. Margins in the power generation business, however, remained soft. The company has posted consistent EBITDA margin improvement over the past two quarters, even after accounting for one-off items. Also read | Siemens Energy shares list at Rs 2,850 on BSE after demerger; growth prospects bullish ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Yahoo
07-07-2025
- Business
- Yahoo
AI power demand poses global supply risks, says Hitachi Energy
The increasing electricity consumption by tech companies for AI training poses risks to global power supply stability, according to Hitachi Energy CEO Andreas Schierenbeck. In an interview with the Financial Times, Schierenbeck emphasised the need for government intervention to regulate the volatile power usage characteristic of AI operations. Schierenbeck highlighted that AI data centres exhibit significant fluctuations in power demand, unlike traditional office data centres. 'AI data centres are very, very different from these office data centres because they really spike up,' he told FT. 'If you start your AI algorithm to learn and give them data to digest, they're peaking in seconds and going up to 10 times what they have normally used.' He advocated for regulatory measures similar to those applied to other industries, such as notifying utilities before initiating high power-consuming operations. The International Energy Agency forecasts that data centre electricity usage will double to 945 terawatt-hours (TWh) by 2030, surpassing the current consumption of countries such as Japan. Countries such as Ireland and the Netherlands have already imposed restrictions on new data centre developments due to concerns over their impact on electricity networks. A US Department of Energy (DOE)-backed report, released in December last year, indicated that data centre power demand is projected to double or triple by 2028. The report, produced by Lawrence Berkeley National Laboratory, noted that total electricity usage by data centres jumped from 58TWh in 2014 to 176 TWh in 2023. Projections estimate this could rise further to between 325TWh and 580TWh by 2028. Analysts at consultancy company Rystad Energy told FT that AI's power demands could potentially stabilise electricity grids if tech companies set maximum power limits and align AI model training with periods of abundant renewable energy. Hitachi Energy is currently dealing with a global shortage of power transformers. Schierenbeck noted that addressing this shortage could take up to three years. "AI power demand poses global supply risks, says Hitachi Energy" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
