Hitachi Energy
Power grid unit of Hitachi that makes large transformers, which are a key bottleneck for new connections.
- Growth
- US factory investment of about $1.5B across new plants (2025 to 2026 announcements)
- Based in
- Zurich, Switzerland
- Listed
- Private
Large transformers take years to build, so makers with new factories hold a scarce place in the queue.
Several investment figures come from 2025 announcements, and no 2026 data centre transformer total was found.
Money coming in
Who pays Hitachi Energy, and for what.
No customers of Hitachi Energy mapped yet.
Money going out
Who Hitachi Energy pays to do what it does.
No suppliers of Hitachi Energy mapped yet.
Where it sits on the map
Competitors and neighbours
Software that slows down AI computing when the grid is stressed, so data centres can connect sooner.
$150M at a $1.05B valuation (Aug 2026). Nvidia, Siemens and GE Vernova invested
Open profileBuilds data centres next to its own power supply so they do not wait for the grid.
Bought by Alphabet for $4.75B (closed Mar 2026)
Open profileMakes switchgear, transformers and power distribution equipment that sit between the grid and the server hall.
Record revenue of $8.5B in Q2 2026 (quarter to 30 June 2026)
Open profileMakes gas turbines and grid equipment that power new data centres and utilities.
$176B order backlog. Data centre orders over $5B in the first half of 2026
Open profileBuilds the transmission lines, substations and power connections that bring new electricity to data centres.
Revenue of about $9.6B in Q2 2026 (quarter to 30 June 2026)
Open profileMakes power, cooling and control equipment for data centres and grids.
H1 2026 revenue of EUR 21.2B (six months to June 2026)
Open profileMakes gas turbines, grid equipment and transformers that power data centres and utilities.
Q3 FY2026 revenue of about EUR 11.4B (quarter to 30 June 2026)
Open profileMakes solid-state transformers, a faster-to-build alternative to the traditional iron-core kind.
$140M Series B led by a16z and Breakthrough Energy (Feb 2026)
Open profileSoftware that shows developers where the grid has spare capacity to connect new loads.
Reportedly profitable with 100+ developer customers
Open profileSources: itechguides.com
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