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We express cordial condolences for sufferers of the earthquake in the Eastern Japan. The Power Systems Company devotes our full energies to the recovery of the reliable infrastructure and contributes to the new growth of Japan with our eco-friendly, highly efficient and reliable power systems products.
Since Hitachi, Ltd. was established in 1910, the Power Systems Business have developed with the growth of Japan and the world. It began its business with T&D (power transmission and distribution) and hydroelectric components and expanded its business area to thermal, nuclear and renewable energies such as wind and solar power.
Today, demand for electricity is expected to increase over the long term with the remarkable economic development of emerging nations such as Asian countries. On the other hand, expectations for clean and efficient power generation is growing worldwide, particularly in Europe, the United States, and Japan, for the sake of prevention of global warming.
The Power Systems Company actively respond to such needs and expectations with its cutting-edge power systems technologies and products. In response to growing electricity demand, we are pursuing the globalization of business operations. We have already established global coverage with three primary business centers in Japan, Europe and the US. We are now promoting the localization of businesses and partnering in the emerging countries in terms of production, procurement and service capabilities, for the construction of the advanced global value chain. We are also promoting the T&D businesses as well as power generation. We reformed our organization for the purpose as we recognize the necessity of rapid construction of the T&D infrastructure in many regions/countries of the world.
The Power Systems Company is further committed to the advancement of a low-carbon society. We are also strengthening global business capabilities in the areas of nuclear and renewable energies that prevent emissions of CO2 during power generation through business collaboration with other Hitachi Group companies.
The Power Systems Company continues to make extensive contributions to the recovery from the earthquake, and grow as a trusted company that responds to our customers' needs and expectations with the excellence of people and technologies. We are set to become "The World Market Leader Advancing the Future Global Society with Evolutionary Energy Technologies." In all these efforts, we look forward to your continued support.
Senior Vice President and Executive Officer
President and CEO, Power Systems Company
Leveraging technologies and product development capabilities accumulated over many years, the Power Systems Company provides high-efficiency, high-reliability equipment for nuclear power generation, as well as for power transmission and distribution. The Company actively addresses renewable energies (e.g., wind power generation, photovoltaic generation ) and smart grids that help to reduce greenhouse gases, a known cause of global environmental problems. Through all these activities, we seek to promote a low-carbon society. The Power Systems Company is also applying nuclear power generation technologies to expand into the medical field.