ABB and Hitachi have entered into an agreement to form a joint venture (JV) for high voltage direct current (HVDC) system solutions in Japan. The new joint venture will build Hitachi’s strong local market presence and ABB’s HVDC technology leadership to address Japan's new energy focus.
The new entity, to be based in Tokyo, will be responsible for design, engineering, supply and after-sales services related to the DC system of HVDC projects, bringing in ABB's technologies to the Japanese market where Hitachi will be the prime contractor.
The joint venture is expected to commence operations in coming months and Hitachi and ABB will take equity interests of 51% and 49%, respectively.
ABB India is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs more than 150,000 people.
