Friday marks a significant advancement in the Romanian energy sector, as Electrica SA and Esyasoft Enterprise Holding RSC LTD officially signed the incorporation documents for their joint venture, Electrica Esyasoft Smart Solutions S.A. The ceremony, held at the Romanian Ministry of Energy and officiated by Minister Sebastian Burduja, celebrates the launch of a new entity poised to innovate within the electricity storage and smart grid technology fields.
The joint venture, with Electrica holding a 25% stake and Esyasoft owning the remaining 75%, aims to leverage smart grid technologies, including battery storage and digitalization solutions, to enhance the Romanian energy market. The collaboration brings together a team of seasoned professionals and a strategic plan designed to make a substantial impact on the industry.
Minister Sebastian Burduja highlighted the importance of such partnerships for Romania's future and the global market's confidence in the country's energy achievements. He emphasized the role of state capital in leading the energy sector and the positive influence on Romania's international reputation.
Alexandru Chirita, CEO of Electrica, expressed his enthusiasm for the venture, stating that it reflects the company's commitment to stimulating evolution and promoting innovation. He underscored the company's goal to set new industry benchmarks, drive innovation, and deliver exceptional value to customers and partners.
Bipin Chandra, Group CEO of Esyasoft Holding Ltd., also commented on the partnership, noting its significance in the implementation of advanced smart grid technologies in the European region. He conveyed Esyasoft's eagerness to contribute to Romania's energy transition goals through this long-term collaboration.
Esyasoft Group, based in Abu Dhabi, specializes in end-to-end network grid modernization and automation, offering a wide range of services including smart-grid technologies, advanced metering infrastructure, and energy storage solutions. Electrica Group, a key player in Romania's electricity market, serves nearly 4 million users and has a significant presence in the energy services sector. The partnership was first announced on May 16, 2024, with the signing of a Memorandum of Understanding between the two companies.
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