Hitachi (HTHIY) Acquires eks Energy

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Go back to Hitachi (HTHIY) Acquires eks Energy

Hitachi Energy acquires eks Energy

October 24, 2023 6:24 AM EDT

ZURICH, SWITZERLAND, Oct 24, 2023 - (JCN Newswire) - - Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, announced today that it has acquired a controlling stake of eks Energy, a leading supplier of power electronics and energy management solutions for storage and renewables integration, based in Seville, Spain, from Powin LLC (Powin), a top global energy storage system provider. The investment also marks the establishment of a strategic partnership with Powin, who maintains a significant ownership stake in eks Energy.

As the world transitions to more renewable energy sources, the global demand... More