Hitachi Energy secures full control of eks Energy
Acquisition strengthens Hitachi Energy’s grip on grid tech as global demand for energy storage surges toward 1,500 GW by 2030.
Image for illustrative purposes
Switzerland, Zürich: Hitachi Energy has finalised the acquisition of the remaining stake in eks Energy, solidifying its role in power conversion systems for energy storage. Building on its majority stake acquired in 2023, this move marks a strategic step in advancing grid resilience and innovation.
As energy storage becomes critical to balancing supply and demand in the transition to cleaner energy, the International Energy Agency has set an ambitious target of 1,500 GW of global storage by 2030. The acquisition enables Hitachi Energy to respond more swiftly to market needs with a broader, integrated portfolio.
Eks Energy’s innovative power electronics and control solutions now fully align with Hitachi Energy’s global reach and digital know-how. Together, they aim to deliver smarter, scalable energy storage systems backed by real-time data and analytics.
“The acquisition furthers our global strategy ensuring continuity for existing customers while unlocking new opportunities for innovation and growth,” said Massimo Danieli, Managing Director of Hitachi Energy’s Grid Automation business.
Key developments, including the Waratah Super Battery project in Australia and the launch of the liquid-cooled WD4 converter platform, highlight the growing momentum behind Hitachi Energy’s power conversion business.
The company is also investing in talent and infrastructure, particularly at its Seville-based centre of excellence, to drive R&D and customer-focused innovation. With power converters playing a critical role in grid stability, this acquisition marks a major leap forward in building secure, flexible, and decarbonised energy systems.
Source: Hitachi Energy
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