Environment and Market

In a geopolitical framework of high tension, where nations are positioning themselves around their capacity or not to access competitive, environmentally sustainable and secure energy sources, the activity in the renewable energy and grid security sector is highly strategic.

Within this sector, solutions based on the use of energy storage are one of the major levers for boosting the competitiveness of intermittent renewable energies and enabling electricity grids to take on these sources as the main generators of sustainable and secure energy.

Current macroeconomic forecasts are predicting exponential growth for the coming years. More specifically, global demand for the energy storage battery sector alone is expected to reach $50 billion by 2028 (source: Bloomberg News Energy Finance).

This situation generates the ideal economic framework to propose a value project with high growth rates and high profitability for investors.

Business Project: Growth and Investment.

POWIN, an American group of companies, presents a unique value proposition in the energy storage sector. Responding to the need to simplify the solution for the use of battery systems, it is the only player in the market to control all the critical elements of the supply chain, presenting a fully integrated solution including the control and testing of the different types of cells in its high-performance laboratory located in Portland.

After the recent acquisition by Powin of the Sevillian company eks Energy, a leader in power electronics technology and control of renewable/storage systems, POWIN takes an exponential leap in its market positioning, being able to offer one of the solutions with the highest guarantee of availability, scalability and performance. In addition, it guarantees the plant’s operability throughout its useful life, estimated at more than 20 years, being able to commit to future adaptations or expansions.

With 20 years of operation, GPTech decided to create a specific line dedicated to the development and implementation of technology focused on the control and storage of energy called eks Energy with the vocation of being a reference, globally, in the energy transformation necessary to create an environmentally friendly and fair future in the distribution of energy resources. eks Energy is distinguished by its strong commitment to the transformative capacity of talented people with a strong will to work towards the achievement of these objectives.

Identifying as an essential element the use and optimization of renewable energy sources, eks Energy focuses on the design, manufacture and supply of solutions and equipment to efficiently integrate these energy sources in different electrical systems. These systems make possible a clear increase in the use of renewable energies and thus achieve the goal of net zero emissions by 2050. eks Energy is aware that, given the current climate emergency, achieving this goal is essential to preserve the integrity of our planet.

In order to achieve its objective, eks Energy joined the POWIN industrial group through a corporate transaction formalized in July 2022, a business organization with which it shares its Vision. Thanks to this integration, eks Energy acquires the capacity to execute its growth plan and thus to increase its capacity of influence to the full development of all its potentialities, something not achievable by an SME.

To achieve the successful execution of this corporate operation, eks Energy entrusted the legal advice to the law firm Montero | Aramburu Abogados, and also counted on the firm Aboo Partners SL for the financial advice. POWIN was advised by Kirkland & Ellis LLP and Cuatrecasas ABOGADOS.

In its Strategic Plan, eks Energy continues to bet on its human capital, professionals with great talent and active attitude who share its Vision, expecting a very significant growth. It currently has a staff of 100 employees and its intention is to double it during the next 24 months. This growth will take place mainly in Seville, its Spanish headquarters, although important incorporations are also expected with the new opening of offices in Miami (USA) and Melbourne (Australia).

After reaching record business figures of €45 million in 2021, the company expects to almost double this figure by 2022 (€82 million). With the development of the new activities resulting from the integration with POWIN, eks Energy expects to reach €300 million in revenues by the end of 2025.

At the same time, eks Energy will promote the construction of its new headquarters in Seville, thus expanding its facilities and providing them with the necessary technical capabilities to continue at the forefront of electronic technology applied to the energy sector. This Investment Plan has a budget of 12 M€ to be executed in 3 years.

Alongside this organic growth, eks Energy is working to expand its production capacity, currently at 3.7 GW/year, to more than 8 GW/year by the end of 2025. To this end, it will continue to rely on its two main Spanish manufacturing partners (Elinsa al Grupo Amper, located in A Coruña, and CEN Solutions, located in Dos Hermanas). In addition, eks Energy already has an approved manufacturer in the Republic of South Africa, and expects to have two new international production centers in India and the USA. These centers will enable eks Energy to manufacture its products with the required local content in those markets.

If you want to know more about our products and services, do not hesitate to contact us: