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- Calibrant Energy Acquires Enel DES to Expand Clean Energy Portfolio
Calibrant Energy Acquires Enel DES to Expand Clean Energy Portfolio
Slice of Energy Team
October 09, 2024
Key Highlights:
Calibrant Energy acquires 100% interest in Enel X Storage from Enel X North America.
Acquisition boosts Calibrant’s portfolio with 330 MWh of BESS projects and 700 MWh in late-stage development.
Enel DES team brings over 2 GWh of optimization service contracts to Calibrant.
Acquisition enhances Calibrant's ability to deliver scalable clean energy solutions.
Source: Business Wire
Notable Quote:
“Enel DES has an impressive track record of delivering innovative clean energy solutions to clients and I’m excited to welcome the talented Enel DES team to Calibrant.”
Our Take:
Calibrant Energy's acquisition of Enel DES is a strategic move that positions the company to further lead in the distributed energy space. With this deal, Calibrant significantly strengthens its capabilities to provide cutting-edge, scalable clean energy solutions to commercial, industrial, and institutional customers. The addition of Enel DES’s substantial operating assets, development pipeline, and optimization service contracts will enhance Calibrant's ability to support the energy transition and deliver decarbonization solutions. As the clean energy market continues to grow, this acquisition will enable Calibrant to meet increasing demand for energy resiliency and cost-effective, sustainable energy solutions.