Enel Green Power has purchased Demand Energy Networks, a USA-based firm specialising in intelligent software and energy storage systems.
Sian Crampsie
Enel Green Power has purchased Demand Energy Networks, a USA-based firm specialising in intelligent software and energy storage systems.
The move will strengthen the Italian firm’s position in the growing battery energy storage market, which is growing in Europe and North America alongside the growing renewable energy sector.
“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,” said Francesco Venturini, Enel’s Head of Global Renewable Energies.
Enel says it will work with Demand Energy to expand deployment of the company’s Distributed Energy Network Optimization System (DEN.OS), an intelligent software controls platform that enables real-time optimisation of energy management and revolutionises the way electricity is generated, stored and consumed.
Demand Energy’s core experience is in the behind-the-meter storage market. The company has carried out 24 projects since its creation, totalling 3 MW/9 MWh of installed capacity in both the USA and Latin America, and boasts a pipeline in excess of 30 MW/100 MWh.
The deal will give the firm access to Enel’s portfolio and pipeline of renewable energy projects around the world, Enel said.
“Our acquisition by Enel underscores the strategic intersection of renewable energy production, energy storage and an intelligent software controls platform,” said Gregg Patterson, Demand Energy President and CEO. “Our DEN.OS energy management system, based on patent-pending controls and economic optimisation technology, facilitates the design, integration and operation of energy assets and services on both sides of the utility meter.
“We’re very pleased to become part of Enel, which will lead to expanded product and service offerings and global market opportunities.”