Schneider Electric recently announced that the company has made an investment in AutoGrid, a maker of 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.
Most immediately, 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 consumers demand greater participation and control over their energy usage.
AutoGrid allows utilities and distributed energy resources like microgrids to connect, allowing commercial and industrial clients to monetize their renewable energy assets. According Schneider Electric, this investment reinforces the company’s commitment to helping clients adopt new technologies like AI and machine learning to transition to a new energy future.
The investment is led by Schneider Electric Ventures, part of Schneider Electric’s newly formed Innovation at the Edge Program.
