SEW, an Irvine, CA-based company which specializes in in AI-powered connected customer (CX) and workforce (WX) experience industry cloud platforms, acquired GridExchange, a provider of a transactive energy software platform, from Alectra Utilities Corporation.
The amount of the deal was not disclosed.
With the acquisition, SEW will expand its offering.
Key benefits of the SEW-GridExchange platform include:
- Empowering Energy Choices: Customers can leverage existing DERs, transforming into proactive contributors to the energy ecosystem.
- Reducing GHG Emissions: The incentivization of clean energy usage through GridExchange leads to a reduction in greenhouse gas emissions.
- Enhancing Grid Planning: The platform optimizes DER values, increasing grid flexibility and resiliency; and contributes to integrated system planning with non-wires alternatives, reducing or deferring overall energy system costs.
GridExchange empowers energy consumers to transition from passive users to proactive prosumers, leveraging distributed energy resources (DERs) such as solar panels, battery storage, and EV (Electric Vehicles). Through a customer experience (CX), it facilitates exchanges of energy, driving a reduction in greenhouse gas CO2 emissions, lowering energy costs, and strengthening grid resiliency.
Led by CEO and Founder Deepak Garg, SEW delivers digital customer experiences (CX) and workforce experiences (WX), empowered by AI, ML, and IoT Analytics to the global energy, water, and gas providers. It partners with businesses to deliver platforms that are easy-to-use, integrate seamlessly, and help build a technological foundation.
FinSMEs
23/10/2023