US-based energy storage project developer and software company Demand Energy has been acquired by Italian utility company Enel.
Software for energy storage systems will be a mixture of in-house solutions by integrator/ developers and third-party providers, in an industry segment set for a steep rise in value, according to one expert.
Involvement from billionaire Peter Thiel in Stem’s Series C indicates a shared belief among investors that “distributed, intelligent storage is going to absolutely revolutionise the electric grid over the coming decades”, the company’s marketing director has said.
Germany-based utility E.ON has invested in US energy storage software, systems and service company Greensmith, bringing the storage specialist’s Series C round of growth financing to US$18.3 million.
Sharp Electronics will add software modelling the performance of energy storage systems to its commercial storage offering, with software an area industry figures and experts have highlighted as one of the most critical areas of competition and progress in the sector.