US energy tech business UIG buys Irish firm Enicity

UIG to establish headquarters in Dublin to spearhead European expansion.

US provider of advanced energy technology Utility Innovation Group (UIG) has acquire Irish energy advisory firm Enicity for an undisclosed sum.

UIG is establishing a formal European headquarters in Dublin as it positions itself to expand into the wider European energy market.

“EU markets are already facing complex challenges in terms of adapting power and grid infrastructure to a new electric landscape”

The acquisition and expansion follows a minority investment in UIG by Gothenburg, Sweden based Volvo Penta in April.

Founded by utility veteran Alan McHugh, Enicity has established itself as an influential player across the European energy sector, known for its partnership approach and commitment to smart and sustainable energy solutions for utilities and LEUs.

The acquisition aligns with UIG’s mission to revolutionise the global energy landscape and underscores its commitment to influencing the growth of decentralided and advanced utility systems worldwide. 

New electric landscape

“Acquiring Enicity represents a major milestone in our expansion strategy,” said Derek Tugwell, president of UIG.

“The European energy market offers tremendous potential for growth, and with Enicity’s impressive track record and partnership approach, we are well-positioned to make a substantial impact. EU markets are already facing complex challenges in terms of adapting power and grid infrastructure to a new electric landscape, and we have shown that our expertise and solutions platform provides a new means to overcome these challenges.”

By incorporating Enicity’s regulatory experience, utility facing capability, and established network, UIG further compliments its wealth of system integration expertise as they deploy their battery energy storage, distributed generation, and GridSure controls platform within the European market. Alan McHugh, will continue onwards as Managing Director of Europe for UIG.

“We are delighted to become part of the Utility Innovation Group family,” McHugh said.

“This partnership marks an exciting new chapter, as we combine our expertise with UIG’s vast resources, solutions platform, and global reach. Together, we are poised to bring unparalleled innovation to the European energy market and drive the adoption of sustainable energy solutions at scale.”

ThinkBusiness, powered by Bank of Ireland, has been created for Irish business owners and managers who are seeking information, resources and help on a range of business topics. It provides practical, actionable information and guidance on starting, growing and running a business.