SOURCE: AutoGrid Systems

AutoGrid Systems

May 29, 2015 12:00 ET

AutoGrid Systems Is Short-Listed for the 2015 Red Herring Top 100 North America Award

REDWOOD CITY, CA--(Marketwired - May 29, 2015) - AutoGrid Systems, a leader in big data analytics for the energy industry, today announced it has been short-listed for Red Herring's Top 100 North America award, a prestigious list honoring the year's most promising private technology companies from North America.

AutoGrid's Energy Data Platform (EDP) provides utilities with an advanced analytics platform that can be used across their business. EDP enables utilities to improve customer engagement, enhance grid reliability and launch new business initiatives. EDP features applications for demand response management, revenue assurance and predictive asset maintenance.

"AutoGrid's placement on this list further validates the fact that the technology industry is increasingly realizing that big data provides utilities with a new source of energy," said Raj Pai, AutoGrid's global head of products.

"The short-list confirms the excellent foresight and strong innovations created by entrepreneurs in North America. By all measures, the remarkable group of companies comprising the Top 100 Short-list underlines the region's constant drive to innovate," said Alex Vieux, publisher and CEO of Red Herring.

Red Herring has been selecting the most exciting and promising start-ups and "scale ups" since 1995. Twenty major selection criteria are used, including the candidate company's addressable market size, its IP and patents, its financing, the proof of concept, trailing revenues and management's expertise. The list of finalists often includes the best performing and prominent companies of that year.

About AutoGrid
AutoGrid transforms data into the cleanest, cheapest source of power. The company's Energy Data Platform (EDP) and suite of Energy Internet applications help global utilities, energy service providers and Internet-of-Things (IoT) vendors improve customer engagement, enhance grid reliability, drive resource flexibility and increase profitability. EDP leverages petabytes of smart meter, sensor and third party data along with powerful data science algorithms to generate a dynamic, real-time portrait of energy consumption and implement actionable programs across connected assets and residential, commercial and enterprise customers.

Utilities such as E.ON, Bonneville Power Administration, Oklahoma Gas & Electric, Austin Energy and the City of Palo Alto Utilities are using AutoGrid's big data analytics technology to improve the reliability and productivity of their operations. AutoGrid technology is also embedded in software products from leading vendors, such as Schneider Electric, Silver Spring Networks and NTT Data.

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