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Hitachi Energy unveils $457M investment in Virginia
CNBC Television· 2025-09-04 15:30
Investment & Job Creation - Hitachi is making a significant investment of nearly $500 million in Virginia [1] - This investment is expected to support 825 jobs [1] - Hitachi is creating 800 jobs in the next few years by building the factory [4] Strategic Importance & Industry Trends - The investment is critical for national security, supporting the electrical grid and data center investments [2] - The investment is at the heart of national security [2] - Large power transformers are essential for transmitting energy and connecting data centers [5] - Large power transformers are not currently produced in the US, and Hitachi is bringing their production back [4][5] Location & Collaboration - Virginia is experiencing a manufacturing renaissance, attracting pharmaceutical and heavy manufacturing [2] - Hitachi chose Virginia due to its existing infrastructure and skilled workers [6] - Hitachi has been in Virginia for 50 years, indicating a long-term commitment [1][5]