Fortescue, a global green energy and metal mining company, has announced the acquisition of Zitara, a U.S.-based company specializing in on-site energy storage precision control solutions.
Fortescue, through its software-based battery intelligence platform, Elysia, operates in the battery intelligence sector, developing products to improve battery performance and address operational challenges, with the aim of supporting global industrial decarbonization efforts.
The acquisition is said to strengthen Elysia’s capabilities by combining its existing cloud-based products with on-site systems for battery energy storage. For customers, this provides a combination of cloud analytics and real-time on-premises controls to maximize trading revenue, extend asset life, and improve safety.
Elysia Manager Director, Tim Engstrom, said, “The acquisition of Zitara will expand the capabilities of our battery intelligence division, bringing together world-class cloud analytics with real-time on-premises controls, complementing the existing work of Elysia and strengthening our position in the Battery Energy Storage market. Integrating real time on-site control systems with Elysia’s proven analytics gives us a unique, globally scalable platform. This positions Fortescue at the cutting edge of battery intelligence and supports our mission to accelerate decarbonisation across industry profitably”.
The deal is also expected to further build on Fortescue’s presence in global BESS markets, including the U.S., Australia, and Europe, regions expected to more than double to over 500 GWh combined in the next five years.
The company plans to roll out 4-5 GWh of storage systems to help ensure grid stability as it decarbonizes its iron ore operations by 2030.
According to Mercom’s 9M and Q3 2025 Funding and M&A for Energy Storage report, a total of 20 Energy Storage M&A transactions were announced in 9M 2025, up from 18 M&A transactions in 9M 2024.
In September, Palmer Energy Technology Limited, a U.K.-based maker of Battery Energy Storage Systems, announced the acquisition of Brill Power, an Oxford University spin-out focusing on cell-level control and active balancing technology in battery management systems.
