AutoGrid

Overview
Activities
News
Energy Optimization & Management Software?
Product stageSegments
Growth
?
Grid Optimization Solutions, Demand Response Solutions
?

AutoGrid is a provider of Virtual Power Plant (VPP) and Distributed Energy Resource Management System (DERMS) solutions, based in Redwood City, California. The company specializes in data analytics and machine learning technologies for managing distributed energy resources and microgrids, particularly for industrial and commercial customers. AutoGrid's technology focuses on integrating and orchestrating distributed energy resources (DERs) to benefit grid stakeholders. The company's product offerings include the Energy internet and Flex platforms, which are used for planning, implementing, and managing distributed energy projects. In January 2020, AutoGrid announced a fully integrated Advanced Distribution Management System (ADMS) and Distributed Energy Resources Management System (DERMS).

AutoGrid has undergone significant changes in its ownership structure in recent years. In May 2022, Schneider Electric acquired AutoGrid with the aim of accelerating AI adoption in the power sector and incorporating AutoGrid's capabilities into Schneider's microgrids business. In December 2023, Uplight, a utility software company based in Boulder, Colorado, announced an agreement to acquire AutoGrid from Schneider Electric. This acquisition was designed to combine Uplight's customer engagement capabilities with AutoGrid's DERMS technology in a single unified platform.

Key customers and partnerships

AutoGrid has had a long-standing partnership with Schneider Electric, dating back to 2013 when they collaborated to optimize Schneider's Wiser brand of smart thermostats and home energy management devices. In May 2019, Schneider Electric became a major shareholder in AutoGrid with a 10% stake and launched a co-innovation partnership focused on using AutoGrid's platforms for distributed energy projects. Following the acquisition by Uplight, the combined entity is expected to serve utility clients, energy users, and equipment manufacturers in accelerating their impact on the energy transition.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
255 Shoreline Drive Suite 350 Redwood City CA USA
Founded year:
2011
Employees:
101-250
IPO status:
Private
Total funding:
USD 161.0 mn
Last Funding:
USD 85.0 mn (Series D; Oct 2021)
Last valuation:
-
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