Powin Partners with Hitachi to Expand Energy Storage.
MANews-(C)2009-2023
US-based energy storage platform provider Powin LLC has partnered with Swiss technology company Hitachi Energy to expand energy storage offerings, the company said.
Terms of the transaction were not disclosed.
With this landmark collaboration Hitachi Energy will take majority ownership in eks Energy, a leading supplier of power electronics and energy management solutions for renewables and energy storage projects, previously purchased by Powin in September 2022.
This deal will provide EKS with access to Hitachi Energy's advanced engineering and control capabilities, expanded market reach, and supply chain optimisation and leverage.
Powin and Hitachi Energy's shared market vision will ensure that all companies are positioned for future innovation and growth through the next decade and beyond.
As a part of the transaction, Powin retains a significant minority...
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