Announced
Financials
Sources
Tags
big data analytics
software development
energy data
United States
Software
Domestic
Pending
Majority
Friendly
Single Bidder
Acquisition
Private
Synopsis
Uplight, the technology partner to energy providers transitioning to a decarbonized future, agreed to acquire AutoGrid, a virtual power plant developer, from Schneider Electric, a French multinational company that specializes in digital automation and energy management. Financial terms were not disclosed. "The grid is at a critical inflection point that demands integrated, effective digital solutions to accelerate electrification, efficiency, and decarbonization. Our new platform will combine Uplight’s deep customer engagement capabilities and AutoGrid’s leading renewables and flexible capacity management solutions to provide a vibrant connected ecosystem where our utility clients, energy users, and equipment manufacturers can accelerate their impact in the energy transition," Luis D’Acosta, Uplight CEO.
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