SOURCE: AutoGrid Systems

AutoGrid Systems

April 04, 2016 08:00 ET

AutoGrid Named a 2016 New Energy Pioneer by Bloomberg New Energy Finance

Energy Internet Leader Recognized as a Game-Changing Company in Clean Energy Technology and Innovation

REDWOOD CITY, CA--(Marketwired - Apr 4, 2016) - AutoGrid Systems, the leader in Energy Internet software, was today named a 2016 New Energy Pioneer by Bloomberg New Energy Finance, a leading provider of unique analysis, tools and data for decision makers driving change in the energy system. Dr. Amit Narayan, founder and CEO of AutoGrid, accepted the award on the company's behalf at the Bloomberg Future of Energy Summit in New York City.

Every year, Bloomberg recognizes ten game-changing companies in industries including advanced transportation, bioenergy, energy storage, solar, wind and energy smart technologies. An independent panel of industry experts selected ten winners from numerous applicants from around the world, assessing them against three criteria: potential global scale, innovation and momentum. New Energy Pioneers have demonstrated a combination of innovative technologies and business models, substantive progress in their activities, and the potential for global scale.

"We are pleased to have been selected for this recognition by Bloomberg, and for the validation it provides to our vision of an intelligent and scalable Energy Internet where data has become a new source of power," said Narayan. "This recognition provides further evidence that we have reached a tipping point, one in which global utilities, electricity retailers and energy service providers are rapidly embracing modern cloud, big data and machine learning technologies to build renewable-friendly energy networks that seamlessly integrate and manage distributed energy resources and that allow them to engage with their customers in new ways to meet their total energy needs."

AutoGrid's recognition as a New Energy Pioneers caps a year of impressive accomplishments by AutoGrid, including a record 2015, with sixteen new customer agreements and a 350 percent increase in distributed energy resources under contract, and several prestigious industry awards including the Cleantech 100, the Red Herring Top 100 North America and Smart Grid News' "2015 Smart Grid Companies to Watch." Other awards that AutoGrid has previously received include World Economic Forum Technology PioneerIndustrial Innovation Company of the Year by the Cleantech Group and the Green Product of the Year by the BIG Awards for Business Program.

Videos highlighting AutoGrid's work with its customers, such as international energy provider E.ON, U.S. utility Florida Power & Light and energy efficiency service provider CLEAResult, can be found at the AutoGrid YouTube channel at https://www.youtube.com/user/AutoGridSystems.

For more information on the New Energy Pioneers program, visit: http://www.newenergypioneers.com/
For more information on the Bloomberg New Energy Finance Summit, visit: http://about.bnef.com/summit/.

About AutoGrid
AutoGrid transforms data into the world's cleanest, most reliable and most affordable source of power. The company's Energy Internet software and Flexible Asset Management solution enable global utilities, electricity retailers, energy service providers and Internet-of-Things (IoT) vendors to manage distributed energy resources in real time and at scale. Its Energy Data Platform (EDP) and Predictive Controls™ technologies leverage petabytes of smart meter, sensor and third party data along with powerful data science algorithms to generate a dynamic and actionable portrait of energy generation and consumption.

The world's leading energy companies, such as E.ON, Bonneville Power Administration, Florida Power & Light, Southern California Edison, Eneco, Portland General Electric, City of Palo Alto Utilities and CLEAResult are using AutoGrid's software to improve their operations, integrate renewables and drive deeper engagement with their customers. AutoGrid's technology is also embedded in software products from leading vendors, such as Schneider Electric, and Silver Spring Networks and NTT Data.