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Enel signs deal with Saudis, buys U.S. company

EnelEnel and Saudi Arabian utility Saudi Electricity Company (SEC) have signed a Framework Agreement for cooperation in power distribution sector.

That cooperation will see the two companies work together to develop long-term strategic knowledge sharing regarding the latest network technologies.

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The agreement was signed in Riyadh by Livio Gallo, Enel’s Head of Global Infrastructure and Networks, and Ziyad M. Al-Shiha, SEC’s President and CEO.

Under the agreement, which has a duration of three years but could be extended if both parties agree to, Enel and SEC will enhance exchange of information, best practices and experiences in the distribution sector.

More specifically, the two companies will share best practices and benchmarks to take distribution networks’ performance in areas like operation, efficiency and security to best-in-class levels, while also introducing a technology roadmap, aimed at digitising distribution grids and improving energy efficiency at customers’ premises.

Enel and SEC will also jointly evaluate further areas of collaboration in the power distribution sector.

The management and supervision of any activities carried out under this agreement will be the responsibility of a Coordination Committee composed of six members, with each company appointing three representatives.

Enel, through its subsidiary Enel Green Power North America (EGPNA), has acquired a 100 percent stake in Demand Energy Networks, a U.S.-based company specialised in intelligent software and energy storage systems.

Enel will work with Demand Energy, which has established itself as a leader in the New York City storage market, delivering value to commercial and industrial customers, 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 DEN.OS provides an end-to-end solution that delivers value across the entire life cycle of a project.

The innovative platform and cloud-based analytics are scalable and can address the needs of any power market segment, delivering value across a broad range of storage applications.

DEN.OS’s platform provides the analytics and control needed to aggregate energy management across multiple facilities, creating an online virtual power plant that operates more efficiently and multiplies savings.

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.




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