Japanese tech conglomerate Hitachi has bought the remaining 19.9% stake held in Hitachi Energy by its joint venture partner ABB.

KORE Power will provide batteries for a 20MWh battery storage project under development between ABB and UK green energy supplier Ecotricity.

ABB will provide technical expertise for a lithium extraction facility in Portugal which targets zero emissions status by 2030. 

Hitachi Energy officially launched yesterday, rebranded from Hitachi ABB Power Grids, the business Japanese tech company Hitachi acquired an 80.1% stake in, in July 2020. 

A €100 million (US$114.44 million) fund will be used to develop and deploy microgrid and energy storage projects by engineering and automation firm ABB, which has recently launched a new line of solutions in those areas.

Power electronics giant Hitachi has acquired ABB’s power grids business in an US$11 billion (£8.7 billion) deal which cements its position in the energy solutions sector.

Technology provider ABB has inaugurated a microgrid solution at its Vadodora manufacturing facility in Gujarat, India.

News in brief from around the world of energy storage.

A project in Jamaica, pairing utility-scale solar with battery energy storage at a microgrid could become “a model for other countries in the Caribbean and beyond”, the head of the country’s main utility has said.