Hitachi Energy to acquire eks Energy from Powin.

Hitachi Energy, a global technology company, agreed to acquire eks Energy, a power electronic devices developer, from Powin, an energy storage technology company. Financial terms were not disclosed. “This is an incredible opportunity for Powin and Hitachi Energy to partner on shaping the future of the PCS solution. Powin has played a pivotal role in EKS’s remarkable success, facilitating their impressive growth, and advancing their global expansion. Hitachi Energy’s expertise in research and development and impressive grid-edge capabilities will accelerate EKS’ continued growth and aid our shared mission to reinvent the global energy storage industry with safe, reliable, and scalable solutions,” Jeff Waters, Powin CEO.