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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…