European Utility Giants Are on a Grid Edge Shopping Spree in 2017
Italian multi-national power company Enel Group has announced yet another grid-edge acquisition in 2017, this time tapping into the U.S. e-mobility market at the advent of aggregation of electric vehicles (EVs) for grid services. Through its recently acquired subsidiary EnerNOC, Enel acquired North American e-mobility solutions provider eMotorWerks for an undisclosed amount. This is the third acquisition of a U.S. company by Enel in 2017.
This is the latest in a series of acquisitions by Enel in the distributed energy space. It is not the only European energy giant making moves as Shell, Engie, Centrica, and EDF have acquired solar, energy efficiency and other distributed energy resource companies.
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