PORTLAND, Ore.–(BUSINESS WIRE)–Global energy storage platform provider Powin LLC (Powin) today announced the acquisition of EKS Energy (EKS), a leading provider of advanced power electronics and energy management solutions for energy storage and renewables. 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 $49 billion 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…