Swiss energy equipment manufacturer Hitachi Energy says that it’s planning to invest $1 billion in expanding its production of electrical grid infrastructure in the United States.
According to a September 4 release from the company, the investment will include $457 million for a new large power transformer facility in South Boston, Virginia, while the rest of the funds will go toward “significant expansions” of Hitachi Energy’s other facilities across the country. The company said that it hopes to use the initiative to help modernize the U.S. power grid, and to meet the rising demand for energy created by the growth of artificial intelligence data centers.
“This investment reflects our commitment to powering America’s energy future, to meet the accelerating demands for reliable and sustainable solutions to benefit the nation,” said Hitachi CEO Toshiaki Tokunaga.
The company plans to start construction on the new facility in Virginia by the end of the year, and is looking to have it up and running by 2028. It will be built next to Hitachi Energy’s existing campus in South Boston, and would be the largest manufacturing site for large power transformers in the country once completed.
