04 April 2023: Today, CRU, the global commodities business intelligence company, announces that it has acquired Exawatt, a global provider of strategic consulting and research in solar PV, energy storage, power electronics and electric vehicles.
The move marks the partnership of two businesses that bring vital insight to energy transition infrastructure investors and stakeholders worldwide. Sheffield-based Exawatt has an intricate understanding of the technology, manufacturing and materials behind critical technologies relating to decarbonisation through electrification, from battery energy storage systems (BESS) to electric vehicle powertrains, to solar cells and modules. This is complemented by CRU’s deep expertise, data and insight into the related critical commodities involved.
As a result, this acquisition provides customers with a holistic, joined-up view that better informs key decisions and progress around energy transition technologies and infrastructure. This is underpinned by a shared commitment to technical expertise, high-quality data, a rigorous approach to methodologies and best-in-class cost analysis.
Ensuring we have the right data, analysis and expertise is essential in providing our global client base with the insights needed to participate in decarbonisation efforts.
The acquisition of Exawatt furthers our ability to do this, with symbiotic capabilities that means the whole is truly greater than the sum of its parts. During this process, we have discovered a strong cultural alignment between our people and everyone is delighted to welcome Exawatt into the CRU family.
Paul Robinson Corporate Business Development at CRU
I am incredibly proud of what the Exawatt team has built. Our new partnership with CRU is testament to that, unlocking added scale, resource and knowledge so we can serve our customers with an even stronger offering as we embark on a new phase of growth.
Simon Price CEO at Exawatt
With this acquisition, Exawatt’s team will be fully retained, meaning CRU will employ more than 380 team members in 15 locations across the world, now including Exawatt’s headquarters in Sheffield, CRU’s second hub in the United Kingdom.
Exawatt provides strategic consulting, manufacturing cost forecasting and technology analysis in industries united by a common theme: decarbonisation through electrification.
Founded in 2015, Exawatt focuses on the four pillars of decarbonised electrification: renewable energy generation, power conversion, electrified processes and systems, and energy storage. In each case, Exawatt takes a similar analytical approach, with a focus on mapping and modelling supply chains back to their sources and developing accurate manufacturing cost and performance models.