Hitachi Energy signs $700M deal with E.ON

Hitachi Energy has announced a long-term agreement with E.ON to supply transformers worth up to $700 million USD to support German grid expansion and resilience.

• Main announcement: Hitachi Energy will deliver transformers to E.ON under a long-term framework agreement worth up to $700 million USD, reserving manufacturing capacity to support accelerated expansion and modernization of the German power grid; the company will leverage its German manufacturing footprint (Bad Honnef, Brilon, Roigheim) and global capacity expansion plan.
• Background and details: Hitachi Energy is executing a $9 billion USD global investment plan to scale transformer manufacturing capacity; the announcement follows the new German government’s €500 billion fund to strengthen infrastructure and comes amid urgent needs identified by the Bundesnetzagentur and German grid operators to avoid delays in grid connections. No specific delivery timeline or phased schedule is provided beyond the description of a long-term agreement and reserved capacity.