Mitsubishi Electric entered into a share transfer agreement on February 16 with EIT InnoEnergy portfolio company, Scibreak under which Mitsubishi Electric fully acquired the latter. As confirmed by press release on Scibreak’s website “the two firms aim to strengthen the competitiveness of their unified business by working closely on developing DCCB technologies for high-voltage direct current (HVDC) systems to support the increasing global deployment of renewable energy.”
Efficient cross-border energy transmission
To learn how “Mitsubishi Electric will utilise Scibreak’s technology and know-how to lead the market commercialisation of DCCBs, strengthening its global HVDC system business and contributing to the realisation of carbon neutrality through the further spread of renewable energy” read the original press release here.
Photo credit: Scibreak website, www.scibreak.com
