Hitachi Energy has completed the acquisition of the remaining stake in eks Energy, a specialist in power electronics and control solutions for energy storage.
The Swiss group, which took a majority stake in eks Energy in 2023, said the deal provides greater strategic and operational flexibility to expand its power conversion and storage business.
The integration includes a centre of excellence in Seville, Spain, focused on R&D, product development and customer delivery.
Hitachi Energy said eks Energy’s converter and control technology complements its global scale, grid expertise and digital capabilities.
Massimo Danieli, managing director of Hitachi Energy’s grid automation unit, said: “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 added that power conversion systems are a critical element in enabling reliable and stable grids as global storage capacity scales to meet net zero targets.
Hitachi Energy has already supplied conversion technology to major storage projects including Australia’s Waratah Super Battery, which recently reached commercial operation and full registration under the System Integrity Protection Scheme.
The company said the completion of the eks Energy acquisition underpins its strategy of pioneering technologies and investing in people to enable more sustainable, secure and resilient energy systems worldwide.