Schneider Electric has announced an investment in AutoGrid, a provider in flexibility management software for the energy industry. The investment makes Schneider Electric a major shareholder in the company and establishes a co-innovation partnership focused on driving new AI and machine learning solutions for the utilities and commercial and industrial companies.
Schneider Electric will leverage AutoGrid’s Energy Internet and Flex platforms to add artificial intelligence-driven solutions for customers’ distributed energy projects. This will accelerate new capabilities for Schneider Electric’s microgrid and behind the meter solutions, as well as advance its ability to better serve the utility segment as the grid becomes more distributed and prosumers demand greater participation and control over their energy usage.
AutoGrid has a differentiated approach and scalable solution that allows utilities and distributed energy resources like microgrids to connect, allowing commercial and industrial clients to monetise their renewable energy assets.
