Octopus Energy Group Takes Majority Stake in Uplight With Schneider Electric

Schneider Electric to Acquire AutoGrid

May 11, 2022

AI & Machine Learning

AutoGrid, an AI-driven optimization company for distributed energy resources, signed a definitive agreement to be acquired by Schneider Electric. The deal is subject to regulatory approval and customary closing conditions and is expected to close in Q3 2022, expanding AutoGrid’s global reach and accelerating product innovation.

Uplight Acquires Agentis

October 27, 2021

Cloud & SaaS

Uplight has acquired Agentis, a Chicago-based utility customer engagement platform, to strengthen its capabilities for engaging commercial and business utility customers. The acquisition integrates Agentis' AMI-driven analytics and user experience into Uplight's cloud-based suite, expanding offerings for utilities and establishing a new hub in Chicago.

Searchlight Capital Partners to Acquire Majority Stake in Integrated Power Services

October 19, 2021

Industrial Services

Funds advised by Searchlight Capital Partners have entered into a definitive agreement to acquire a majority stake in Integrated Power Services (IPS), an industrial aftermarket services provider. Searchlight is buying the stake from funds advised by Odyssey Investment Partners, and the deal is subject to regulatory approvals with an expected close later in the year.

Schneider Electric, AES and Huck Capital-Led Group Invest in Uplight at $1.5B Valuation

July 28, 2021

Cloud & SaaS

Uplight has received new equity investment from a consortium co-led by Schneider Electric, AES and a Huck Capital-led investor group (including Coatue and Inclusive Capital Partners), valuing the company at $1.5 billion. The financing — in which prior majority investor Rubicon Technology Partners will remain a minority holder — provides growth capital to accelerate product development, M&A and international expansion in the clean-energy software market.

Uplight Acquires Ecotagious

August 6, 2019

Data & Analytics

Uplight has acquired Ecotagious to integrate Ecotagious' machine-learning smart meter disaggregation and appliance-level energy insights into Uplight's customer-centric energy action platform. The deal expands Uplight's analytics and personalization capabilities for utilities, combining Ecotagious' SaaS insights used by utilities in Canada, the United States and internationally with Uplight's broader suite of utility-facing solutions.

Tendril and Simple Energy Merge to Form Uplight; Rubicon Technology Partners Majority Investor

July 15, 2019

Energy

Tendril and Simple Energy merged their operations to form Uplight, combining multiple utility-focused software assets (including recent acquisitions EEme, EnergySavvy and FirstFuel) into an end-to-end customer energy platform. Rubicon Technology Partners remains the majority shareholder and The AES Corporation continues as a key investor to support the company's growth serving electric and gas utilities.