Hitachi Energy has finalized the acquisition of the remaining stake in eks Energy, a company specializing in power electronics and control solutions for energy storage systems. The Swiss multinational previously held a majority share in eks Energy since 2023, and the completion of this deal aims to enhance its strategic and operational flexibility to grow its power conversion and storage offerings.
The integration includes the establishment of a centre of excellence in Seville, Spain, dedicated to research and development, product innovation, and customer support. Hitachi Energy stated that eks Energy’s advanced converter and control technologies complement its existing capabilities, adding to its global scale, grid expertise, and digital solutions.
Massimo Danieli, managing director of Hitachi Energy’s grid automation division, commented, “The acquisition strengthens our leadership position, enabling one of the industry’s most comprehensive solution portfolios that combines proven converter and control technology with Hitachi Energy’s global scale, unparalleled grid expertise, and digital capabilities.”
The company emphasized that power conversion systems are vital components for maintaining reliable and stable electricity grids, particularly as global energy storage capacity expands to meet net-zero emissions targets.
Hitachi Energy highlighted its previous involvement in major storage projects, including supplying conversion technology for Australia’s Waratah Super Battery, which recently achieved commercial operation and full registration under the System Integrity Protection Scheme.
The completion of the eks Energy acquisition aligns with Hitachi Energy’s strategy to pioneer innovative technologies and invest in talent, supporting the development of more sustainable, secure, and resilient energy systems worldwide.
