New Joint Venture to build on Hitachi’s strong local market presence and ABB’s High Voltage Direct Current (HVDC) technology leadership to address Japan’s new energy focus
Tokyo and Zurich, Dec. 16, 2014 – ABB and Hitachi announced today an agreement to form a joint venture, for high voltage direct current (HVDC) system solutions in Japan. The new entity, to be based in Tokyo, will be responsible for the design, engineering, supply and after-sales services related to the DC system of HVDC projects bringing in ABB’s latest technologies to the Japanese market where Hitachi will be the prime contractor.
