Hitachi Energy Surges 30% as Power Grid Demand Soars
Hitachi's Cash Cow: The Power Business Driving the Group | Business | The ORIENTAL ECONOMIST
Hitachi's power grids business is booming.Revenues at Hitachi Energy, the group subsidiary that runs the business, rose 30% year-on-year to ¥2.3955 trillion in fiscal 2024. Adjusted operating profit…
Hitachi's power business is experiencing explosive growth, with subsidiary Hitachi Energy reporting ¥2.3955 trillion in revenues for fiscal 2024, a 30% year-on-year increase. The surge reflects surging global demand for grid modernization and renewable energy infrastructure. This booming segment has become a major profit driver for the broader Hitachi conglomerate.
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