Hitachi Energy has acquired eks Energy for an undisclosed amount, bringing together two entities focused on advanced power solutions. eks Energy, now officially part of Hitachi Energy, is a pioneer in developing power electronic devices and providing new solutions for the Photovoltaic, Wind, and Energy sectors. Hitachi Energy is a global technology leader providing power conversion solutions for renewable energy integration and battery energy storage systems, alongside a broad portfolio of grid solutions and services. This acquisition marks a clear corporate purchase, not a funding round.
The strategic rationale behind this acquisition centers on strengthening Hitachi Energy’s offerings in the rapidly expanding renewable energy and energy storage markets. eks Energy brings specialized expertise in power electronic devices, a significant R&D investment, and a track record of over 2 GW in power conversion and equipped plants. Its strong presence in fast-growing PV markets in Europe, leadership in Latin America, and established positions in the USA, China, South Africa, and India complement Hitachi Energy's existing global footprint and ambition to accelerate a carbon-neutral future.
Synergies are expected across technology, market reach, and service capabilities. eks Energy's specific engineering and consultancy services, custom development, and comprehensive maintenance will integrate with Hitachi Energy's broader power conversion products like Advanced Multiport Power Stations, Battery Power Conversion Systems, and Photovoltaic Inverters. This combination will enhance the development and delivery of advanced solutions for complex electrical grids and utility-scale solar plus storage systems.
The combined entity will offer an expanded and more robust portfolio for customers seeking to improve grid reliability and accelerate their sustainability goals. With eks Energy's collaboration on smart grids and smart cities, alongside Hitachi Energy's existing innovations, the integrated operations are well-positioned to drive future advancements in renewable energy integration and energy storage, serving a critical role in the global energy transition.