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Enel buys US storage outfit

Deal will expand deployment of Demand Energy’s management system

Enel buys US storage outfit image

Enel Green Power North America has acquired Demand Energy Networks, a US-based energy storage and software company.

Enel said the acquisition will aim to expand the deployment of the US company’s distributed energy network optimization system an intelligent software controls platform that enables real-time optimisation of energy management and storage.

The system provides the analytics and control to aggregate energy management across multiple facilities, creating an online virtual power plant, Enel said.

Enel head of global renewable energies Francesco Venturini said: “Through this transaction we will be able to greatly strengthen our position in the growing battery storage market with a complementary partner and innovator.

“By combining our global presence and expertise in systems integration with Demand Energy’s software and established product offering, we will expand the development of renewables and storage both in the US and globally, delivering a clean, reliable, high-tech and cost-effective energy solution.”

Image: Enel

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