Enel eying U.S. market for grid business

May 17, 2022 754

BY: Stephen Jewkes and Francesca Landini

Italy's Enel is keeping an eye on the United States for the development of its power distribution grids business as it presses ahead with plans to expand its digital footprint. "I personally would like to have a grid in the U.S. ... it makes sense for us," the group's head of global infrastructure and networks Antonio Cammisecra said on Monday.

Cammisecra said he would also like to have another network in central and northern Europe, but added there was nothing on the table at present. Europe's biggest utility distributes electricity through a network of over 2.2 million kilometres to more than 75 million end users. It has grids in eight countries and plans to invest 44% of the 170 billion euro spend earmarked to 2030 on networks to take its clients to 86 million.

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SOURCE: https://www.reuters.com

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