We are proud to say that we are now part of Hitachi Energy. From eks Energy will contribute adding advanced power electronics and energy management software capabilities to meet accelerated, global demand for battery energy storage solutions.
eks Energy is now part of Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all. eks Energy, will add value to this main player within the sector as a leading supplier of power electronics and energy management solutions for storage and renewables integration. The investment also marks the establishment of a strategic partnership with Powin, who maintains a significant ownership stake in eks Energy.
The global demand for battery energy storage systems (BESS) keep surging and is expected to grow more than 20 percent per year through 2030. With our advanced control capabilities, our own highly complementary automation, software, and system integration offerings combined with our power electronics, eks Energy will be able to fortifie the position of Hitachi Energy as a leading-edge technology provider to the renewables and BESS market. If we add to all this the alliance between both companies, Powin and Hitachi Energy, the strength of the two firms will allow them to develop power conversion products specifically designed for the next generation of energy storage systems.
Hitachi Energy has highlighted the impressive product deployment footprint in North America and Europe that we have achieved at eks Energy, and the boost Powin has meant to our global reach. As the Managing Director for the Hitachi Energy Grid Automation Business Unit, Massimo Danieli said “Hitachi Energy has been an innovative force in the BESS and microgrid space for more than 30 years, and this strategic acquisition demonstrates our continued commitment to deliver the most advanced and proven solutions for our customers, The market, including leading BESS system integrators, has made it clear that it needs and wants energy solutions powered by best-in-class power electronics integrated with control and digital capabilities. New applications and use cases are emerging every day, driven by the ever-increasing need for integration of renewable resources in the grid and electrification at the grid edge. eks Energy has an impressive product deployment footprint in North America and Europe, and under Powin has further extended their global reach. With this significant addition to our portfolio, Hitachi Energy is ready to address the demands of the fast-growing global BESS market with speed and scale.”
Our aim from eks Energy is to add value to the Hitachi Energy portfolio that is a proof of the accelerated traction on the company’s 2030 strategic growth plan.
As Hitachi Energy is continuously strengthening its power grids core business while advancing the world’s energy system to be more sustainable, flexible and secure we hope that eks Energy will increase their core capabilities at the edge of the grid including digital, power electronics and services, toward the larger goal of advancing a sustainable energy future for all.