CESI Acquisition of EnerNex Establishes New, International Market Champion Offering Expert, Innovative Energy Services
Deal for U.S.-based electric power engineering firm expands company’s global reach, synergizing North American and global competencies in support of the world’s electricity sector
Knoxville, Tenn., USA, July 9, 2018 —CESI, a world-leading energy technology and innovation consulting company headquartered in Europe, and EnerNex, a leading U.S. electric power engineering and consulting firm, today announced a partnership through which EnerNex will be operating under the CESI umbrella.
The acquisition brings together two stable and profitable companies with complementary portfolios to provide utilities, energy investors and regulatory bodies around the world with engineering and consulting services related to cutting-edge, technology-driven energy solutions.
“We are pleased to partner with EnerNex and its talented employees and management team. By tapping into CESI’s worldwide references, know how, reputation and financial standing, EnerNex will become an even stronger player in the North American market,” said Matteo Codazzi, CEO, CESI. “By enlarging its current service portfolio, EnerNex will be better positioned to serve U.S. utilities as a one-stop-shop outfit providing cutting-edge solutions to meet the energy transition and digital disruption challenges.”
By partnering with EnerNex, CESI extends its service portfolio to the North American market, including extensive capabilities in engineering of complex high-voltage direct current (HVDC) systems, renewable integration and interconnections, power system studies and market design, and specifying and testing advanced meters. In turn, EnerNex gains access to references and expertise as part of the CESI global network, providing new opportunities for services in grid modernization, cybersecurity and power systems consulting.
EnerNex and CESI will combine their North American and European best practices and competencies in order to address complex challenges in the energy field. As an example, by 2020 all new homes in California will be required to have solar rooftop photovolatics (PV) installed, and EnerNex is already helping utilities in that state manage an increasing number of distributed energy resources connected to the network. Also, as sales of electric vehicles are projected to continue at an exponential rate of growth, CESI is providing guidance to global utilities on understanding and optimizing the flexibility that these resources can provide to the network, and how to create financial value from it.
“The combination of the CESI and EnerNex portfolios offers clients a single source for energy solutions to overcome transition challenges related to planning, implementing, and operating power assets and electric infrastructures,” said Jeff Lamoree, EnerNex CEO and co-founder. “This leveraging of knowledge from some of the most creative minds in the energy sector allows both companies to bring added value by combining deep sector competence with a shared innovative mind set.”
CESI is a world-leading technical consulting and engineering company in the field of technology and innovation for the electric power sector. With a legacy of more than 60 years of experience, CESI operates in 40 countries around the world and supports its global clients in meeting the Energy Transition challenges. CESI also provides testing and certification services to the power equipments industry, as well as civil and environmental engineering services.
The company’s key global clients include major utilities, Transmission System Operators (TSOs), Distribution System Operators (DSOs), power generation companies (GenCos), system integrators, financial investors and global electromechanical and electronic manufacturers, as well as governments and regulatory authorities. In addition, CESI works in close cooperation with international financial institutions such as, among others, the World Bank Group, the European Bank for Reconstruction and Development, the European Investment Bank, the Inter-American Development Bank, the Asian Development Bank.
CESI is a fully independent joint-stock company headquartered in Milan and with facilities in Berlin, Mannheim, Dubai, Abu Dhabi, Washington DC, Knoxville, Rio de Janeiro, Santiago de Chile and Bogotà.
EnerNex, featured as one of Energy CIO Insights’ Top 10 Smart Energy Solution Providers of 2017, provides research, engineering and consulting services to the electric power industry. EnerNex focuses on providing services around the development and application of new and emerging electric power technologies to engineer a cleaner, smarter energy system of the future.
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Carrie Owens, Interprose