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AutoGrid
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Short description

Provider of software applications for utilities to better integrate distributed energy resources

Founded in 2010
Founded in

Company type Acquired Public ()
Company type

Industry Group energy & power

Sector energy networks

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

Ticker

Headquarters Redwood Shores, CA Redwood Shores, United States
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Parent Companies

Updated by Judy Ko at AutoGrid Systems on 06/06/2016

Edited by Cleantech Group on 11/07/2022

Traction
  • 1 M&A items
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Customers
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Date Company

CPS Energy CPS Energy

CPS Energy is using AutoGrid DROMS as its next-generation demand response management system, consolidating 8 disparate DR solutions which had been siloed with significant manual processes. AutoGrid is being used to comprehensively manage all programs and assets, provide highly accurate forecast reliability, deliver a rich customer experience and support DERs such as smart inverters.

Confirmed by CPS Energy

Partnerships
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Date Partner Type
07/18/2022
PTC India PTC India
Project development with automated demand response with HVAC system, energy storage, solar PV, and structured renewable energy contracts.
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Confirmed by PTC India
Project Development
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IPO INFORMATION

Date

IPO status

IPO Type

Amount

Initial shares

Ticker symbol

Exchange listed

Prospectus URL

Prospectus

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Source

Description

Date Investors Type Amount
10/14/2021 SE Ventures (SEV) SE Ventures (SEV) , Moore Strategic Ventures Moore Strategic Ventures , SolarEdge Technologies SolarEdge Technologies , GS GS , National Grid Partners (NGP) National Grid Partners (NGP) , Shell Ventures Shell Ventures , Total Carbon Neutrality Ventures Total Carbon Neutrality Ventures , Microsoft Climate Innovation Fund Microsoft Climate Innovation Fund , Microsoft Microsoft (9)
Post-money valuation of
Funding will be used for brand expansion and implementation of the technology roadmap.
Growth Equity $85,000,000
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Products
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AutoGrid VPP

AutoGrid VPP (virtual power plant) aggregates customer-owned flexible storage, generation or demand-side resources in wholesale energy markets in real time and turns them into cash generators.

Wide Commercial Availability Subscription
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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