Hitachi Energy Takes Over Remaining Stake in eks Energy

Hitachi Energy, a global leader in electrification, has completed the acquisition of the rest of eks Energy. eks Energy is a top company in power electronics and control solutions for energy storage. The company initially acquired a majority stake in eks Energy in 2023.

Energy storage is crucial for grid stability, reliability, and energy security. So, global momentum is speeding up. The International Energy Agency (IEA) wants to boost global storage capacity to 1,500 GW by 2030. This is a sixfold increase. The COP29 Global Pledge highlights how important storage and grid systems are for creating strong, low-carbon energy networks.

By integrating eks Energy’s tech and know-how, Hitachi Energy gains more flexibility in strategy and operations. The move improves its ability to integrate solutions smoothly. It also expands its power conversion and energy storage options. Plus, it helps respond better to changing customer needs.

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Since 2023, the collaboration has boosted power conversion. They set up a Center of Excellence in Seville, Spain, where eks Energy is based. This hub boosts collaboration in R&D, product development, and customer delivery.

Hitachi Energy’s power conversion business is growing fast worldwide. It plays a key role in major projects, like the Waratah Super Battery in New South Wales. The project recently hit important milestones. It began commercial operation and fully registered under the System Integrity Protection Scheme (SIPS). This scheme offers quick grid support to help keep stability during critical events.

The business is growing its international reach. This helps it serve energy storage customers in important global markets. Earlier this year, Hitachi Energy launched the liquid-cooled WD4 converter platform. This platform boosts scalability and performance for battery energy storage system (BESS) applications.

Power converters connect power sources to users. They balance current and voltage to meet demand. Hitachi Energy’s IoT connectivity and energy management systems enhance these converters. Together, they provide advanced insights and analytics. This helps maximize reliable energy supply.

Hitachi Energy can now boost innovation at this key grid connection point. The company keeps investing in its people and global operations. This supports its mission to create a more sustainable, secure, and resilient energy system around the world.