AutoGrid, a distributor of distributed energy resource management software (DERMS), said that Schneider Electric has acquired it. Schneider Electric is a global company focusing on energy management automation. AutoGrid will be able to use the global reach of Schneider Electric and other resources to increase its growth and innovation.
As utilities reduce carbon emissions from large-scale fossil fuel-fuel-fueled power plants, while increasing electrification of transport and heating/cooling, distributed energy resources (DERs) will play a greater role in the energy delivery industry.
AutoGrid’s AI-powered virtual power plant (VPP) and distributed energy resources management (DERMS) platform help decarbonize the energy sector by managing and deploying additional untapped energy capacity from DER such as batteries, electric vehicles and flexible load.
AutoGrid and Schneider Electric have been partners since 2015. In 2015, AutoGrid and AutoGrid announced a fully integrated advanced distributed management system (ADMS), and DERMS. In January 2022, Guidehouse Research ranked the Schneider Electric – AutoGrid DERMS solution as #1 in the world.
The transaction is subjected to regulatory approval and other customary closing requirements. It is expected to close in Q3, 2022.