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Powin Acquires EKS to Deliver Fully Integrated Grid-Scale Energy Storage Systems
Thursday 22 September 2022

US-based energy storage platform provider Powin LLC has acquired EKS Energy, a provider of advanced power electronics and energy management solutions for energy storage and renewables, the company said.

This transaction ensures new and existing Powin customers will receive enhanced product and technology offerings, enabling Powin to deliver a fully integrated grid-scale energy storage experience with supply chain security.

As the world transitions to cleaner energy sources, global demand for energy storage will continue to surge to an estimated market of USD 49bn by 2028, according to Bloomberg New Energy Finance.

To better serve this fast-growing market, this acquisition expands Powin's offering to include the EKS Power Conversion System and Power Plant Controller, enabling Powin to deliver a complete AC energy storage platform capable of advanced control functionality to support microgrid applications while interfacing with multiple generation assets.

Other new products include PV inverters, DC-to-DC converters and multi-port inverters, which are used to maximize performance and profits for utility-scale solar plus energy storage projects.

Both Powin and EKS remain committed to serving our customers by offering a wide range of energy storage solutions to build a cleaner, safer, and more resilient power grid.

Powin is in the design and manufacture of safe and scalable energy storage solutions. Our innovative and cost-effective hardware and software are revolutionizing the way energy is generated, transmitted, and distributed, helping the world achieve decarbonization objectives.

Powin has delivered over 2,500 MWh of BESS in over 8 different countries and has a contracted pipeline to supply over 10,000 MWh of energy storage systems globally over the next three years.

EKS is a designer, manufacturer and system integrator of advanced power electronics and energy management solutions for distributed energy generation/storage and grid management to address energy market challenges.
Date Published: 22/09/2022