Energy · 4 views
Hitachi’s nuclear revenue rises as SMR delivery date approaches
The bulk of the Japanese conglomerate’s Energy segment business is in electrical grid equipment. Sales are strong, but inflation and long delivery timelines bear watching, company executives said.
Summary
The bulk of the Japanese conglomerate’s Energy segment business is in electrical grid equipment. Sales are strong, but inflation and long delivery timelines bear watching, company executives said. Power grid equipment continued to make up the vast majority of Hitachi, Ltd.’s Energy segment revenues in the most recent quarter, but its nuclear division saw a 48% year-over-year increase as the company prepares to deliver the first of four small modular reactors to Ontario Power Generation in 2030 .
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