Uplight, the technology partner to energy providers transitioning to a decarbonized future, announced an agreement to acquire AutoGrid, a Virtual Power Plant (VPP) and Distributed Energy Resource Management System (DERMS) provider, fundamentally expanding its partners, programs, and ability to create and manage flexible capacity for energy grids around the globe. The combined capabilities of Uplight and AutoGrid will provide utilities and new energy players with a single platform to integrate, orchestrate, and monetize distributed energy resources (DERs).
As decarbonization and electrification rapidly change the needs of the energy ecosystem, reliable load flexibility has become essential to managing the grid. Until now, utilities and energy companies have not had a single, unified platform to create grid-scale flexible capacity. This acquisition solves for that, delivering more residential and business customer participation, more grid-connected devices, and new energy flexibility options to utilities and other players across today’s dynamic energy value chain.
“The grid is at a critical inflection point that demands integrated, effective digital solutions to accelerate electrification, efficiency, and decarbonization,” said Luis D’Acosta, CEO of Uplight. “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.”
“Energy companies are increasingly looking for a solution which encompasses the full spectrum of flexibility management, from grid scale batteries down to devices in people’s homes,” said Ruben Llanes, CEO of AutoGrid. “By joining forces, we are creating a truly world-class experience for those energy companies, ecosystem partners, and energy customers alike – all powered by our shared mission and global expertise.”
SOURCE : BusinessWire