Xcel Energy

Optimizing the future of energy with software solutions

Energy Optimization & Management Software

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  <p>
    AutoGrid builds software applications using artificial intelligence (AI), machine learning, big data, and Internet of Things technologies to manage distributed energy resources (DER). As of January 2021, AutoGrid had more than 5,000 megawatt-hours (MWh) of DERs under contract from renewable energy developers, utility-scale storage facilities, micro-grids, and electric vehicle (EV) fleets which can be purchased by grid operators on-demand. Autogrid&rsquo;s customer base includes National Grid, NextEra Energy, E.ON, Total, Xcel Energy, China Light and Power, and over 30 other leading global energy companies.&nbsp;
  </p>
  <p>
    AutoGrid has also partnered with Sunnova Energy to facilitate demand response resources to Clean Power Alliance&rsquo;s (CPA) Power Response Program (CPA is California&rsquo;s largest Community Choice Aggregator serving around 3 million people). &nbsp;In 
    <a href="https://sp-edge.com/updates/16183">
      <u>February 2023</u>
    </a>
    , Autogrid partnered with SWTCH Energy to integrate 250 EV chargers in multi-tenant properties into an active demand response program with a Canadian utility. Following this, in 
    <a href="https://sp-edge.com/updates/17208">
      <u>March 2023</u>
    </a>
    , the company partnered with Encycle Corporation to launch the first of several virtual power plant (VPP) projects with Encycle&rsquo;s Swarm Logic cloud-based solution.
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  <p>
    In May 2019, Schneider Electric, a global leader in energy management and automation solutions, made an investment of an undisclosed amount in AutoGrid, making it a major shareholder in the company. The investment was followed by a co-innovation partnership that focused on driving new AI and machine learning solutions for utilities and industrial
    companies.&nbsp;In May 2022, Schneider Electric announced plans to 
    <a href="https://sp-edge.com/updates/10371">
      <u>acquire</u>
    </a>
     AutoGrid, with the transaction expected to close in Q3 2022, allowing AutoGrid to expand into new geographies.
  </p>
  <p>
    Auto Grid&rsquo;s most recent funding round was in October 2021, where it raised USD 85 million in a Series D-2 funding round led by SE Ventures. The proceeds will be used to expand platform capabilities and to speed up global expansion. In January 2021, Auto Grid also received a grant of USD 2.3 million from the U.S. Department of Energy&rsquo;s Advanced Research Projects Agency-Energy (ARPA-E) to increase the scalability and EV management capabilities of its platform.&nbsp;
  </p>
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AutoGrid Systems organizes energy data and employs big data analytics to generate real-time predictions that create actionable data. The company’s suite of flexibility management applications allows utilities, electricity retailers, renewable energy project developers and energy service providers to deliver cheap, clean and reliable energy by managing networked distributed energy resources (DERs) in real time and at scale. AutoGrid applications utilize petabytes of smart meter, sensor and third-party data, along with powerful data science and high-performance computing algorithms, to monitor, predict, optimize and control the operations of millions of assets connected across global energy networks. Established at Stanford University in 2011, they have assembled a team of world-class software architects, electrical and computer engineers, data scientists and energy experts who apply cutting-edge analytics and in-depth energy data science to solve the world’s most critical energy problems.

Xcel Energy is an electric and natural gas energy company that offers a portfolio of energy-related products and services to customers. The company is engaged in the generation, purchase, transmission, distribution, and sale of electricity. It operates through 5 segments: electricity, natural gas, renewable energy, transmission, and innovation. The company is engaged in generating electricity using coal, nuclear, natural gas, hydro, solar, biomass, oil and refuse, and wind energy sources; developing and leasing natural gas pipelines, and storage and compression facilities; and investing in rental housing projects. Xcel Energy was founded in 1909 and is based in Minneapolis, Minnesota.

<div>  <p>    Xcel Energy is engaged in the generation, purchase, transmission, distribution, and sale of electricity. It operates through 5 segments: electricity, natural gas, renewable energy, transmission, and innovation. The company is engaged in generating electricity using coal, nuclear, natural gas, hydro, solar, biomass, oil and refuse, and wind energy sources; developing and leasing natural gas pipelines, and storage and compression facilities; and investing in rental housing projects. Xcel Energy was founded in 1909 and is based in Minneapolis, Minnesota.  </p></div>

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