LIBERTY LAKE, Wash.--(BUSINESS WIRE)--Demand Energy Networks, Inc. (www.demand-energy.com), a leading provider of turn-key systems for monitoring, storing, and managing energy flow at the edge of the power grid, today announced that it has appointed Gregg Patterson as President and CEO. A veteran executive of high growth organizations in the printer manufacturing and renewable energy industries, Patterson takes the helm at Demand Energy as the company accelerates deployment of its Joule.System™, the industry’s most comprehensive platform for managing distributed energy storage.
Most recently, Patterson was President of the Renewable Energy business at Advanced Energy, a leading manufacturer of solar inverters. As CEO of PV Powered before it was acquired by Advanced Energy, Patterson grew revenues by 16X over four years as the company became the North American market share leader in commercial solar inverters. Prior to that, he was a vice president and general manager in Hewlett Packard’s $24B+ printers and digital media division.
With Patterson joining the organization, founder and former CEO Dave Curry becomes company chairman. “Gregg has joined us at a critical time,” said Curry. “He has a proven pedigree in renewable energy, and a strong track record in commercializing technologies, helping businesses in high-growth markets transition from innovation to high growth, while ensuring a quality customer experience and returns to shareholders. We just completed our series C funding, our platform is proven, and are anticipating dramatic growth under Gregg’s leadership and expertise.”
“Demand Energy is poised to capitalize on this emerging and critically important market,” said Patterson. “Energy storage is the enabler of so many transformational changes in the energy industry, from the ability to greatly enhance the economics and dispatchability of renewable generation while improving grid stability, to dramatically reducing the energy expense for commercial and industrial building owners. I am excited about Demand Energy’s big data platform and the traction we are getting across a growing range of markets, customers and use cases. We know how to deliver a compelling ROI to our customers today, not in a few years. This team, this technology, and this market are ready to deliver on the promise of energy storage.”
Demand Energy’s Joule.System™ is a turn-key solution that provides the intelligence, analytics and network architecture needed to maximize the benefits of distributed energy storage. As a cloud-based platform, Joule.System centralizes and tightly integrates all of the functions needed to aggregate and manage energy storage resources independently of their location, capacity or ownership. The company has prominent installations in New York City, China and the US Northwest.
About Demand Energy
Founded in 2008 and led by a team of seasoned entrepreneurs from the telecom, utility and renewable energy industries, Demand Energy has architected the most comprehensive platform for integrating big-data analytics with energy storage at the edge of the utility grid. Our cloud-based, battery agnostic solution is running distributed energy storage systems today that are producing economic value on two continents and are transforming how energy is acquired and utilized in commercial and industrial buildings. Our systems are boosting the value of renewables by firming and time shifting the power so that it can be dispatched when it is most economically valuable, while at the same time improving grid stability. We believe the deployment of distributed generation and intelligent energy storage systems on either side of the customer meter will make the smart grid smarter, more resilient and cost effective for everyone.
