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

Octopus Energy Group Takes Majority Stake in Uplight With Schneider Electric

March 27, 2026

Energy

Octopus Energy Group and Schneider Electric have signed a definitive agreement to invest in Uplight, with Octopus acquiring a majority stake. Schneider Electric will remain a significant minority partner as the parties aim to accelerate customer-driven grid flexibility and reliability across North America.

Rubicon Technology Partners Makes Strategic Growth Investment in Ascend Analytics

March 21, 2024

Energy

Rubicon Technology Partners has made a strategic growth investment in Ascend Analytics to support the company’s product development and commercial expansion in energy market analytics. Ascend Analytics, a Boulder-based provider of power market intelligence and forecasting solutions, will leverage the investment to scale its SaaS offerings and expand market reach.

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.

Tendril Acquires FirstFuel Software

June 18, 2019

Software

Tendril has acquired FirstFuel Software to expand its utility customer engagement offerings into commercial and industrial (C&I) customers. The deal is Tendril's third acquisition since a private equity-led investment (Rubicon Technology Partners) and brings FirstFuel’s meter-data-driven energy analytics and virtual audit capabilities into Tendril’s portfolio, which already targets utilities’ residential customers.

Tendril Acquires EnergySavvy

May 3, 2019

Energy

Tendril, a Boulder-based provider of AI-powered utility customer experience and demand-side management (DSM) solutions, has entered into a definitive agreement to acquire EnergySavvy, a Seattle-based leader in personalized utility customer engagement. The acquisition expands Tendril’s platform capabilities by adding EnergySavvy’s multi-channel personalization, advanced analytics and automated program delivery to deliver an end-to-end residential utility customer experience.

Tendril Acquires EEme

January 17, 2019

Energy

Tendril, a home energy management provider, has acquired Pittsburgh-based EEme to integrate its non-intrusive load monitoring (NILM) and appliance-level disaggregation technology into the Tendril Platform. The acquisition—backed by Tendril's recent private equity support—aims to improve appliance detection accuracy at scale and unlock new utility use cases such as targeted EV offers, HVAC diagnostics and peak management.