Hitachi will expand provision of the platform to, and collaborative creation using it with ABB’s broad range of customers to promote more efficient use of electricity throughout society and empower and grow the Social Innovation Business. In addition, Hitachi aims to build an energy platform that connects various fields such as mobility, life and industry.
As a result of this agreement, Hitachi will offer innovative energy solutions globally by combining ABB’s world-class grids offering including advanced digital grid solutions with Hitachi’s digital technology. Hitachi has entered into a purchase option to acquire the remaining 19.9% stake in Power Grids, making Power Grids a wholly-owned subsidiary.
