Hitachi Energy Announces $457 Million Investment for Largest U.S. Power Transformer Factory in Virginia

Hitachi Energy unveiled plans on Thursday to invest $457 million in constructing a new power transformer manufacturing facility in Virginia, marking the largest such factory in the United States.

The announcement came with strong backing from Virginia Governor Glenn Youngkin highlighting a significant boost for the state’s industrial and energy sectors.

Hitachi Energy CEO Andreas Schierenbeck joined Governor Youngkin on CNBC’s “Squawk Box” to discuss the strategic investment and its anticipated impact.

The new factory is expected to enhance the domestic production capacity of critical electrical equipment supporting the growing demand for advanced power infrastructure in the U.S.

Governor Youngkin lauded the investment as a major win for Virginia’s economy emphasizing job creation and strengthening the Commonwealth’s role in the clean energy transition.

“This project signifies Virginia’s commitment to fostering innovation and securing our energy future,” Youngkin stated during the interview.

The facility will focus on manufacturing advanced power transformers, components essential for electric grid reliability and efficiency amid increasing renewable energy integration.

Hitachi Energy’s investment reinforces the company’s dedication to expanding its footprint in the U.S. market and helping modernize the nation’s energy infrastructure.

Operations at the new Virginia factory are expected to begin within the next two years with hundreds of jobs anticipated to be created ranging from manufacturing roles to engineering positions.

This development comes at a time when domestic manufacturing of energy equipment has become a national priority, driven by supply chain resilience and energy security concerns.