Tuesday, June 28 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Jun 27
Week of Jun 20
Week of Jun 13
Week of Jun 06
Week of May 30
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Enel puts 50% of its smart grid subsidiary Gridspertise up for sale


    May 24, 2022 - CE Noticias Financieras

     

      Enel launches the sale of a 50% stake in its Gridspertise smart grid business. The company expects to bring in a shareholder to help them scale the company.

      The intention of the Italian utility, which owns Endesa, is to remain the majority shareholder but at the same time facilitate further growth through the entry of capital to continue growing. For the time being, interested parties include funds and industrialists, according to sources familiar with the process, and for the moment the company has not opted for either of the two options.

      Gridspertise will enable end customers of distributors to benefit from a reliable electricity supply, facilitating the electrification of their consumption, promoting efficiency through better control of data, and enabling them to participate in energy markets by becoming prosumers.

      The company began operating independently this year, although it officially launched in September of the previous year.

      Gridspertise is targeting markets in Europe and Latin America, where Enel already has a strong presence, and has just announced its entry into the United States.

      The Enel subsidiary focuses its scope of action on three areas: digitization of meters, digitization of grid infrastructure and field operations.

      The Italian company is progressively digitizing all its networks around the world, consisting of more than 2.2 million kilometers of power lines monitored by hundreds of thousands of remote control points.

      Enel's 20 years of experience in the field of smart metering through massive deployment projects totaling more than 44 million active devices connected to its networks, as well as its digital management of more than 30 million field operations executed each year for 13 distribution companies in eight countries, ensure that all the solutions that Gridspertise will offer are reliable and proven.

      The digitization of grid infrastructure, aimed at boosting the intelligence and flexibility of grids, increases efficiency, reliability and quality of service and supports grid managers in addressing the challenges faced by grid operations.

      Enel X Way

      On the other hand, the company is also considering a similar operation in Enel X Way. The new electric vehicle recharging company, which already has around 245,000 points, is preparing the official launch of its alliance with Cepsa in the coming days. Both companies are preparing an ambitious growth in the installation of recharging points in the coming months, as the oil company indicated in the presentation of its strategic plan.

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.