Kitron has entered into a production agreement with Ferroamp. The value of the agreement is expected to reach approximately NOK 90 million in 2023 and NOK 350 million over a three-year period. Ferroamp has developed EnergyHub, a system that controls electricity use using a patented DC technology, so that property owners can get more out of their solar panels and integrate electric car charging and energy storage.

During the first half of 2022, Ferroamp increased its sales by 60% and is now planning an international launch. The EnergyHub system is available for both commercial properties and multi-family buildings, with EnergyHub Wall 14 being specifically adapted to residential systems. Through the collaboration with Kitron, Ferroamp triples the production of EnergyHub Wall 14. The production for Ferroamp will take place at Kitron's facility in Poland and is expected to start within a few weeks.