The two companies are partners on a fully integrated distribution management system and distributed energy resources management system (DERMS).
AutoGrid, a specialist in artificial intelligence (AI)-driven optimization for distributed energy resources (DERs), signed a definitive agreement to be acquired by Schneider Electric. Schneider Electric and AutoGrid are no strangers to one another, having previously partnered on a fully integrated advanced distribution management system and distributed energy resources management system (DERMS), released two years ago.
Schneider Electric focuses on products for sustainability and efficiency including XW Pro and SW hybrid inverters, MPPT charge controllers, power distribution panels, InsightHome and InsightFacility edge devices, as well as accessories. Three years ago, Schneider Electric pulled out of the utility scale segment in order to strengthen its profile in the residential and C&I space.
“Schneider Electric and AutoGrid have a shared vision for a more sustainable world through electrification, digitization and decarbonization. With AutoGrid, we can deliver significant value to energy companies by delivering cutting-edge technologies to drive adoption of smart grids and reduction of carbon emissions,” said Nadège Petit, Chief Innovation Officer at Schneider Electric.
AutoGrid’s product smooths out sudden fluctuations in renewable energy supply and customer energy demands. The company’s AI-powered virtual power plant (VPP) and DERMS offers a sustainable fossil-fuel dependent backup power plants by managing and deploying additional untapped capacity from batteries, electric vehicles, and flexible load.
“Joining forces with AutoGrid will give customers the most advanced platform to integrate and orchestrate distributed energy resources for the benefit of all grid stakeholders,” said Luis D’Acosta, Executive Vice President of Digital Energy at Schneider Electric. “These new capabilities will accelerate prosumer engagement for a more sustainable and efficient grid.”
In February Schneider Electric purchased a controlling stake in EnergySage, an online comparison-shopping marketplace for rooftop solar, energy storage, project financing, and community solar. The capital from that acquisition is expected to allow EnergySage to accelerate its growth and product innovation.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
More articles from Anne Fischer
Please be mindful of our community standards.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Notify me of follow-up comments by email.
Notify me of new posts by email.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.
Legal Notice Terms and Conditions Privacy Policy © pv magazine 2022
Welcome to pv magazine USA. This site uses cookies. Read our policy. ×
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.