MADRID, 24 Oct. (EUROPA PRESS) –
Hitachi Energy has acquired from Powin a majority stake in esk Energy, a Sevillian provider of power electronics and energy management solutions for the storage and integration of renewables, as the company announced this Tuesday in a press release.
The firm has highlighted that this investment also marks the establishment of a strategic partnership with Powin, which maintains a significant stake in eks Energy.
With this operation, Hitachi Energy has highlighted that it reinforces its position as a provider of cutting-edge technology for the renewable energy and battery energy storage systems (BESS) market.
Through their strategic partnership, Hitachi Energy and Powin intend to apply the strength of both firms to develop energy conversion products specifically designed for the next generation of energy storage systems.
As highlighted by the managing director of Hitachi Energy’s Grid Automation Business Unit, Massimo Danieli, this strategic acquisition demonstrates “Hitachi Energy’s continued commitment to offering the most advanced and proven solutions” to its customers.
For his part, Powin CEO Jeff Waters explained that this investment marks an important milestone in the energy storage industry, as it paves the way for Hitachi, Powin and eks Energy to join forces in the exploration of new opportunities worldwide.
Hitachi Energy has detailed that Nomura Greentech has acted as its exclusive financial advisor and Shearman
