Client Deal Spotlight: Enel Completes Acquisition of Demand Energy Networks, Inc.

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Stoel Rives attorney Alan Merkle served as strategic advisor to Liberty Lake, Washington, based client Demand Energy Networks, Inc., (“Demand Energy”) in its acquisition by Enel Green Power North America, Inc. (“EGP”), a subsidiary of Italian-based multinational utility, Enel S.p.A. (“Enel”). EGP is also a Stoel Rives client but granted a waiver for the firm to represent Demand Energy in the deal, which was for an undisclosed amount. 

Demand Energy has developed an intelligent storage and energy management software controls platform, named DEN.OS, which  enables real-time optimization of energy management and revolutionizes how electricity is generated, stored and consumed. 

Demand Energy currently has a market leading position for its energy management and storage systems in New York City.  Enel Green Power worldwide operates more than 1,000 plants with a managed capacity of greater than 36 gigawatts of hydropower, wind, geothermal and solar energy and intends to expand deployment of Demand Energy’s systems across its own projects on a global scale. 

“I am immensely  appreciative of Alan and the Stoel Rives team’s support, responsiveness and commitment to making this deal a reality. Over the years in addition to legal services I have received extremely valuable business advice and coaching. I believe that strategic deals like the combination of Demand Energy and Enel happen when everyone at the table goes above and beyond the transaction to make something remarkable happen - that is the commitment  we experienced from the team at Stoel Rives," said David Curry, founder and chairman of Demand Energy. 

The Stoel Rives deal team was led by Bill Clydesdale with Whit Johnson, David Levant and Morten Lund making significant contributions to DEN’s success. 

For more information, please see the Enel press release.

Key Contributors

William Clydesdale
David B. Levant
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