Hitachi Energy India (POWERINDIA) investor relations material

Market and sector outlook

• India's electricity demand is projected to double by 2035, with electricity's share in final energy demand rising from 19% to 25%.

• 68% of installed capacity will be renewable by 2035, with 900 GW non-fossil power targeted.

• Data centers, rail electrification, and EVs are major demand drivers, with data center capacity expected to reach 13.65 GW by 2030.

• Urbanization and industrial growth are accelerating electrification across sectors.

• National plans call for 174 GW of energy storage and significant transmission expansion by 2035.

Strategic initiatives and investments

• Announced cumulative capex of Rs 4,000 Cr, including a new greenfield transformer facility in Gujarat.

• Expanded manufacturing and R&D footprint, with new factories and technology centers inaugurated since 2022.

• Launched new offerings for data centers, energy storage, and digital grid solutions to address emerging market needs.

• Service business targeted for Rs 2,000 Cr mid-term potential, with over Rs 1,000 Cr booked in FY26.

• Focus on exports, aiming for 25% of orders from international markets over two years.

Technology and portfolio developments

• Introduced SF6-free switchgear, advanced transformers, and modular grid solutions for renewables and mobility.

• HVDC and STATCOM technologies deployed for large-scale renewable integration and grid stability.

• Digitalization initiatives include wide area monitoring, AI-driven asset management, and grid automation.

• Grid-to-rack and energy hub solutions launched for data centers and distributed energy resources.

• Enhanced service and asset management offerings leveraging AI and digital platforms.