ROMANIA: Electrica and Esyasoft establish a company dedicated to energy storage technologies and network digitalization
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On Friday, the documents for the establishment of the new company within the Electrica Group, called Electrica Esyasoft Smart Solutions S.A., were officially signed.
Electrica Esyasoft Smart Solutions S.A., owned 25% by Societatea Energetică Electrica S.A. and 75% of Esyasoft Enterprise Holding RSC LTD, will focus on smart grid technologies (including storage solutions – batteries and grid digitalization. With a team of experienced professionals and a robust strategic plan, it aims to have a substantial impact in the Romanian energy sector, a press release from Electrica shows.
Esyasoft Group (Abu Dhabi) specializes in providing end-to-end grid modernization and automation solutions, through Smartgrid technologies, advanced metering infrastructure (AMI), electric vehicle charging infrastructure, energy storage and consumer engagement, communications network, IT, IoT and advanced analytics and artificial intelligence solutions for energy, gas and water utilities. Esyasoft provides critical grid automation and modernization solutions globally, with offices in over 10 countries, including the United Arab Emirates, India, Azerbaijan, the Netherlands, the United Kingdom and the Americas, serving over 35 global utility companies.
“The new company is poised to revolutionize the energy equipment sector through innovative, next-generation solutions and a strong commitment to excellence. The establishment of this entity reflects our determination to drive evolution, promote innovation and create added value for our shareholders. We look forward to this new stage and are confident that we will set new benchmarks in the industry. Our main objective is to drive innovation and provide solutions of exceptional value to our customers and partners,” said Alexandru Chiriță, CEO of Electrica.
“This partnership with Electrica marks an important step towards the implementation of next-generation technologies in the field of smart grids in the European region. We are pleased to bring our experience to this long-term collaboration and contribute to Romania’s energy transition goals,” said Bipin Chandra, CEO of EsyaSoft Holding Ltd.
“The exceptional results that Romania has had in the recent period in the energy sector, the growing performance of Romanian companies in the field, and here those with state capital occupy a leading position, have paved the way for very important partnerships for what will happen in the future. Partnerships between Romanian companies and major players on the global market will bring, in addition to concrete results for our country, an increase in Romania’s reputation, as well as the confidence of international markets in what we do here, at home,” declared Sebastian Burduja, Minister of Energy.
