EA Technology, a globally renowned company in electrical asset management and smart grid solutions, has secured strategic investment from Summa Equity, a private equity firm known for its sustainability-focused approach.
The electricity sector is on the cusp of major transformation, driven by the need for decarbonization, infrastructure modernization, and the rise of renewable energy. With Summa Equity’s investment, EA Technology is poised to address these challenges, while accelerating its global growth and innovation.
EA Technology’s solutions critical to support transition
As energy grids become more complex, operators face mounting pressures to maintain reliability
As energy grids become more complex, operators face mounting pressures to maintain reliability and integrate distributed energy resources. EA Technology’s solutions will be critical in supporting this transition, ensuring that grids remain resilient, flexible, and sustainable.
Summa Equity is dedicated to solving global challenges by investing in companies that provide innovative solutions for a sustainable future. This shared vision was a pivotal factor in the collaboration with EA Technology.
Transition from fossil fuels to renewables
Gisle Glück Evensen, Partner at Summa Equity, stated: “Transitioning from a fossil fuel-based system to renewables presents a significant challenge to today’s electricity grids, driven by rapidly increasing electricity demand, intermittency and multi-directional flows.”
Gisle Glück Evensen adds, “Solving these challenges is essential to achieve energy decarbonization and presents a multi-generational investment opportunity to upgrade and modernize grid infrastructure. By partnering with EA Technology, we aim to accelerate the roll-out of EA’s industry-renowned smart grid technology in the UK and internationally, accelerating the transition to a cleaner, more sustainable energy future.”
EA Technology and Summa Equity partnership
Robert Davis, CEO of EA Technology, commented: “Our partnership with Summa Equity will help us scale and enhance our offerings, ensuring we remain at the forefront of smart grid technologies. This investment aligns perfectly with our mission to support the energy transition and drive innovation in the sector.”
Robert Davis adds, “Summa Equity’s focus on sustainability and innovation makes them the ideal partner to help EA Technology expand its reach in existing and new markets.”
Challenges and Opportunities in the Electricity Sector
Over the next decade, significant investments in digital technologies and grid infrastructure will be required to meet growing energy demands. EA Technology is well-positioned to provide operators with the tools they need to navigate this integration. This partnership with Summa Equity will further enhance EA Technology’s ability to lead the energy transition.
Together, EA Technology and Summa Equity are ready to tackle the sector’s most pressing challenges, while capturing new opportunities for growth, globally.
