After decades of little-to-no load growth and a dip during the COVID-19 pandemic, the grid business is suddenly booming, and technology providers like Hitachi Energy are growing right along with it.
“Between 2021 and now, our annual market is about three times what it was on an annual basis,” Noaman Amjad, executive vice president and chief marketing and sales officer at Hitachi Energy told Factor This at CERAWeek by S&P Global. “That means we are in what we call an ‘energy supercycle.'”
Because grid investment has been limited for a long time, Amjad expects this cycle to last as long as five, 10, or even 15 years. But some major bottlenecks lie ahead, including lengthening lead times for critical components like turbines and transformers.
In this video, Amjad and fellow Hitachi Energy executives Anthony Allard, executive vice president of Hitachi’s U.S. operations, and Bruno Melles, managing director of the transformers business unit, share insight into the status of the global supply chain amidst an energy transition, touching on critical topics including tariffs and artificial intelligence.
