• Trump administration-backed investment answers surging demand for transformers and highvoltage
  equipment needed to support AI data center expansion
• $457 million USD is dedicated to a new power transformer factory in Virginia, the largest such
  facility in the U.S., with the support of Governor Youngkin and the Commonwealth’s
  congressional delegation
• Investments will create thousands of high-paying jobs in communities throughout the U.S.
  and expand local supply chains

Raleigh, North Carolina and Zurich, September 4, 2025 – Hitachi Energy, a wholly owned
subsidiary of Hitachi, Ltd., and global leader in electrification, today announced a historic
investment of more than $1 billion USD to expand the production of critical electrical grid
infrastructure in the United States. These investments, among the largest seen in the electrical
industry in the U.S., include approximately $457 million USD for a new large power transformer
facility in South Boston, Virginia, along with significant expansions of existing facilities
throughout the country.

The investments will help meet skyrocketing energy demand driven by AI data centers in line
with the Trump Administration’s White House AI Action Plan and promote domestic access to
these critical grid technologies. This move also supports the power needs of American
manufacturing and other sectors and much-needed grid expansion and modernization efforts.
Collectively, these investments will create thousands of jobs, bolster electrical equipment supply
chains in the U.S., and contribute to the development of innovative technologies to enhance the
security and resilience of the U.S. grid.

“If we are going to win the AI race, reindustrialize, and keep the lights on, America is going to
need a lot more reliable energy,” said Energy Secretary Chris Wright. “Thankfully, Hitachi is
delivering. The Trump administration looks forward to continuing to partner with private industry
to ensure the American people access to affordable, reliable, and secure energy and thousands
of high-paying jobs.”

“To lead in AI, America must lead in energy, and this investment proves we’re doing just
that,” said Secretary of the Interior Doug Burgum. “Hitachi Energy’s historic investment in U.S.
grid infrastructure is more than a single partnership, it signals a growing wave of investment in
American energy. This momentum is driven by President Donald Trump’s bold, pro-energy
policies that are reigniting the American economy and powering the next generation of critical
AI data centers with reliable, American-made energy.“

“Prioritizing domestic production of transformers accelerates President Trump’s energy
dominance agenda by fortifying critical supply chains, strengthening U.S. energy security, and
ensuring our nation can meet the growing energy demand. Investments like this are essential to
powering AI infrastructure and advancing President Trump’s leadership in the global AI race,”
said Jarrod Agen, Executive Director of the White House National Energy Dominance Council.

“Thank you, Hitachi Energy, for trusting Virginia, again! Hard-working Virginians and a businessfriendly
environment are what first brought Hitachi Energy to the Commonwealth. Now, after
years of success here, they are doubling down on that decision with this landmark investment in
South Boston,” said Governor Glenn Youngkin. “Eight-hundred and twenty-five new jobs will be
transformational for Southside Virginia, as will the power transformers those new hires are set to
build. These transformers are critical to our Nation’s electrical grid and will be built right there in
Virginia.”

Governor Youngkin continued: “We are also proud to announce a major workforce housing
project to support Hitachi’s new employees. We are partnering with Halifax County and Virginia
Housing to build 96 new homes supported by a grant from the Virginia Workforce Housing
Investment Program.”

“Particularly at this critical moment for our growing energy demands, I’m excited to see
Hitachi Energy expand their Virginia footprint, create hundreds of good-paying jobs in South
Boston, and promote American energy security,” said U.S. Senator Mark Warner. “At the local
level, this is a great investment in Southside Virginia’s economy and manufacturing industry. At
the state and national level, this is an important strategic step to ensure we have the power
needed to service our communities, businesses, and growing AI industry. I’m thrilled to see
Hitachi Energy bring this important project home to South Boston.”

“In August, I visited Hitachi’s facility in Bland to learn about the company’s cutting-edge work.
I’m thrilled that Hitachi Energy is expanding its footprint in Virginia by investing $457 million to
build a state-of-the-art power transformer facility in South Boston – creating more than 800
jobs and boosting the region’s economy,” said U.S. Senator Tim Kaine. “Virginia’s workforce,
educational opportunities, and innovative spirit have made it a great place to do business, and I
look forward to continuing to partner with Hitachi to boost domestic manufacturing in the
Commonwealth.”

“A vigorous and reliable electric grid is critical for the American economy and American energy
dominance. Bringing power transformer production to the U.S. is vital as energy demand
skyrockets,” said Congressman John McGuire (VA-05). “I am thankful that this investment will
establish a state-of-the-art manufacturing facility in South Boston, to produce necessary large
power transformers. This $457 million investment and facility will create more than 800 new
high-paying jobs in Virginia’s Fifth Congressional District. I would like to thank Hitachi, President
Trump, and Governor Youngkin for working with me to make this a success.”

“The United States is a key market for Hitachi, and this investment reflects our commitment to
powering America’s energy future to meet the accelerating demands for reliable and sustainable
solutions to benefit the nation. Leveraging our expertise in IT, operational technology, and
advanced products, we are supporting American manufacturing, the development of critical
infrastructure, and the rapid expansion of data centers driven by AI adoption,” said Toshiaki
Tokunaga, President & CEO of Hitachi.

“Power transformers are a linchpin technology for a robust and reliable electric grid and winning
the AI race. Bringing production of large power transformers to the U.S. is critical to building a
strong domestic supply chain for the U.S. economy and reducing production bottlenecks, which
is essential as demand for these transformers across the economy is surging. As the global
leader in electrification Hitachi Energy is uniquely positioned to deliver critical power solutions
for the American market,” said Andreas Schierenbeck, CEO of Hitachi Energy. “Our investments
in expanding U.S. transformer manufacturing capacity—including at our new South Boston
facility—are already creating good-paying American jobs, strengthening local communities, and
reinforcing economic independence. At Hitachi Energy, we are deeply grateful for the leadership
and support of the Trump administration, Governor Youngkin, Virginia’s General Assembly, and
the Commonwealth’s congressional delegation, who came together to make this critical
production capacity possible to power our energy future.”

Central to this investment plan is the establishment of a state-of-the-art manufacturing facility in
South Boston, Virginia, to produce large power transformers, which support applications like
high-voltage transmission, power generation, AI data centers, and large-scale industrial
applications.

This facility will be built alongside Hitachi Energy’s existing campus and will be the largest
manufacturing site for large power transformers in the United States. This facility alone will
create more than 825 new jobs in Southside Virginia, offering long-term employment
opportunities in engineering, advanced manufacturing, and operations roles.

These projects are part of a more than $9 billion USD global investment program, the largest in
the industry, under which Hitachi Energy is expanding its manufacturing capacity, R&D,
engineering, and partnerships to power the world’s energy system to be more reliable, secure,
and resilient.

About Hitachi, Ltd.
Through its Social Innovation Business (SIB) that brings together IT, OT (Operational Technology) and products,
Hitachi contributes to a harmonized society where the environment, wellbeing, and economic growth are in balance.
Hitachi operates globally in four sectors – Digital Systems & Services, Energy, Mobility, and Connective Industries –
and the Strategic SIB Business Unit for new growth businesses. With Lumada at its core, Hitachi generates value from
integrating data, technology and domain knowledge to solve customer and social challenges. Revenues for FY2024
(ended March 31, 2025) totaled 9,783.3 billion yen, with 618 consolidated subsidiaries and approximately 280,000
employees worldwide. Visit us at https://www.hitachi.com.
About Hitachi Energy
Hitachi Energy is a global technology leader in electrification, powering a sustainable energy future with innovative
power grid technologies with digital at the core. Over three billion people depend on our technologies to power their
daily lives. With over a century in pioneering mission-critical technologies like high-voltage, transformers, automation,
and power electronics, we are addressing the most urgent energy challenge of our time – balancing soaring electricity
demand, while decarbonizing the power system. With an unparalleled installed base in over 140 countries, we cocreate
and build long-term partnerships across the utility, industry, transportation, data centers, and infrastructure
sectors. Headquartered in Switzerland, we employ over 50,000 people in 60 countries and generate revenues of
around $16 billion USD.

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