Italian utility Enel yesterday said it has acquired Liberty Lake, Wash.-based energy storage software firm Demand Energy.
“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,” Francesco Venturini, Enel head of global renewable energies, said in a statement.
The companies plan to work together to build on the success of Demand Energy’s distributed energy network optimization system, which offers a software controls platform for real-time optimization of energy management for energy storage and distributed resources.
According to the companies, Demand Energy has completed 24 projects in the U.S. and Latin America with an installed capacity of 3 MW/9 MWh. The company has a pipeline of projects with a capacity of about 30 MW/100 MWh.