Global investment in clean energy has surged to unprecedented levels, reaching a staggering US$1.77 trillion, as revealed by the latest Energy Transition Investment Trends 2024 findings. This represents a remarkable 17% increase over the past year alone.
In an exclusive interview with Energy Digital, Alistair Dormer, Hitachi’s Executive Vice President of energy and mobility and Chairman of Hitachi Energy, delves into the increasing emphasis placed on clean energy initiatives.Â
Dormer elaborates on Hitachi’s role in supporting the global transition to clean energy and how the company harnesses its expertise to sustain the momentum of clean energy initiatives.
The data underscores a clear emphasis on clean energy solutions both within the United States and across the globe. Notably, companies like Hitachi are witnessing substantial growth, with a remarkable 43% revenue increase in the energy and rail sectors in the US.
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This surge reflects Hitachi’s commitment to supporting the global energy transition and highlights the significant priority that the US is placing on advancing clean energy initiatives.
“As we came out of the pandemic, what we were seeing was that governments really needed to reinvigorate their economies across Europe and the United States,” Alister said.
“In particular at that time, there were a lot of incentives and government money going in to boost the economy. But that focus actually was very much in terms of green energy and green mobility.”
“The grid in the US is not as robust as it is in Europe, and a lot of work has got to be done to start interconnecting and strengthening it. As we move more to an electric society — in order for industry to decarbonise, it needs to move away from fossil fuels— electricity being generated by clean means needs to move around much easier,” Alistair added.
