The two companies are partners on a fully integrated distribution management system and distributed energy resource management system (DERMS).
AutoGrid, a specialist in artificial intelligence (AI)-based optimization for distributed energy resources (DER), has signed a definitive agreement to be acquired by Schneider Electric. Schneider Electric and AutoGrid are no strangers to each other, having previously partnered on a fully integrated Advanced Distribution Management System and Distributed Energy Resource Management System (DERMS), launched two years ago. year.
Schneider Electric focuses on durable and efficient products including XW Pro and SW hybrid inverters, MPPT charge controllers, power distribution panels, InsightHome and InsightFacility edge devices, and accessories. Three years ago, Schneider Electric exited the utility ladder segment 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, digitalization and decarbonization. smart grids and reducing carbon emissions,” said Nadège Petit, chief innovation officer at Schneider Electric.
AutoGrid’s product mitigates sudden fluctuations in renewable energy supply and customer energy demand. The Company’s Virtual Power Plant (VPP) and AI-powered DERMS provide sustainable fossil fuel-dependent backup power plants by managing and deploying untapped additional capacity from batteries, electric vehicles and flexible loads .
“Joining forces with AutoGrid will provide customers with 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 Energy digital at Schneider Electric. “These new capabilities will accelerate prosumer engagement for a more sustainable and efficient network.”
In February, Schneider Electric acquired a majority stake in EnergySage, an online comparison marketplace for rooftop solar, energy storage, project finance and community solar. The capital from this acquisition should enable EnergySage to accelerate its growth and product innovation.
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