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HTHIY Hitachi Ltd (PK)

53.25
0.07 (0.13%)
11 Feb 2025 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Hitachi Ltd (PK) USOTC:HTHIY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.07 0.13% 53.25 43.15 54.98 54.30 51.58 52.13 80,386 22:00:02

Equinor and Hitachi Energy Sign Collaboration Deal

08/11/2022 9:05am

Dow Jones News


Hitachi (PK) (USOTC:HTHIY)
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By Dominic Chopping

 

Equinor ASA said Tuesday it has signed a strategic collaboration with Hitachi Energy to collaborate within electrification, renewable power generation and low-carbon initiatives.

Initial areas of focus for the collaboration include developing standardized designs for transmission systems that connect offshore wind farms and Equinor production facilities to mainland power grids, it said.

"This strategic collaboration agreement is a signal of joint ambitions to increase our competitiveness in the ongoing energy transition," said Geir Tungesvik, executive vice president for projects, drilling and procurement at Equinor.

"Standardization of technical solutions will be a key to succeed," Mr. Tungesvik added.

The scope of the agreement covers the complete spectrum of Hitachi Energy's portfolio of power grid technologies and solutions.

Hitachi Energy is a joint venture between Hitachi Ltd. and ABB Ltd.'s Power Grids business.

 

Write to Dominic Chopping at dominic.chopping@wsj.com

 

(END) Dow Jones Newswires

November 08, 2022 03:50 ET (08:50 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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