According to a report by The Transition Accelerator, electricity demand in Canada is projected to jump 62% between 2025 and 2050. For Hitachi Energy, establishing a presence in the country represented a major opportunity to secure its supply chain, position itself as a key player in the market and ensure its long-term growth.
“As an industrial company, building on a solid ecosystem and partnering with a local strategic facilitator able to support us in our ambitious projects was a natural choice. Québec provides a business environment conducive to innovation, investment and growth, making it a strategic choice for our long-term development,” explained Patricia Lemoine Smith, Head of Government and Institutional Relations for Canada at Hitachi Energy.
Collaboration between Investissement Québec International and Hitachi Energy has led to several major investment projects in Québec, including the expansion of the company’s Varennes plant, which will triple its production capacity by 2032. Investissement Québec International has also announced $10 million in financial assistance for this $280-million investment, contributing to the creation of over 500 jobs, in addition to a $140-million investment that was announced in 2024 and helped create 67 jobs.
More specifically, the company received support throughout the funding application process, ranging from planning facility tours for various stakeholders to Investissement Québec International’s presence at major announcements.
Backed by that support, the company’s projects have accelerated its growth, strengthened its local industrial capacity and positioned Québec as a key player in the energy transition.