Electrica and Esyasoft (EAU) have officially signed the documents establishing the new company within the Electrica Group, called Electrica Esyasoft Smart Solutions, for energy storage technologies and the digitalization of electrical networks.

Electrica Esyasoft Smart Solutions S.A. (owned 25 percent by Societatea Energetică Electrica S.A. and 75 percent by 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 on the Romanian energy sector.

“The new company is ready to revolutionize the energy equipment sector through innovative, state-of-the-art solutions and a firm commitment to excellence. The establishment of this entity reflects our determination to stimulate evolution, promote innovation and create added value for our shareholders. We are excited about this new phase and are confident that we will set new benchmarks in the industry. Our main objective is to drive innovation and provide exceptional value solutions to our customers and partners,” said Alexandru Chiriță, CEO of Electrica.

“This partnership with Electrica marks an important step towards implementing state-of-the-art smart grid technologies in the European region. We are delighted 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.