Hitachi Power has accomplished the acquisition of the remaining stake in energy electronics and controls firm eks Power. Hitachi Power acquired a majority stake in eks in 2023.
The combination of eks Power’s know-how will assist Hitachi broaden its energy conversion and power storage enterprise and reply quickly to evolving buyer wants.
“Because the worldwide market chief in grid automation options, the acquisition of eks Power strengthens our management place, enabling one of many trade’s most complete answer portfolios that mixes confirmed converter and management know-how with Hitachi Power’s world scale, unparalleled grid experience and digital capabilities,” mentioned Massimo Danieli, managing director of Hitachi Power’s Enterprise Unit Grid Automation. “The acquisition furthers our world technique guaranteeing continuity for present prospects whereas unlocking new alternatives for innovation and progress.”
Energy converters play a important function connecting energy supply with energy provide, ensuring that currents and voltage are balanced accurately for end-user demand. They’re data-intensive programs and when paired with Hitachi Power’s web of issues (IoT) connectivity and power administration capabilities, ship wealthy insights and analytics to maximise dependable power provide. The completion of the acquisition will allow Hitachi Power to innovate sooner and enhance the know-how at this important grid connection level.
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