SEW Buys GridExchange: Advancing Clean Energy Transition
SEW, a global leader in AI-Powered Connected Customer (CX) and Workforce (WX) Experience Industry Cloud Platforms, has acquired GridExchange from Alectra Utilities Corporation. GridExchange is a cutting-edge Transactive Energy software platform that empowers energy consumers to transition from passive users to proactive contributors by leveraging distributed energy resources (DERs) like solar panels, battery storage, and electric vehicles. This acquisition aligns with SEW's vision of creating an intelligent, resilient, and sustainable energy ecosystem.
GridExchange offers a user-friendly Customer Experience (CX)
that facilitates the seamless exchange of energy, reducing greenhouse gas
emissions, lowering energy costs, and strengthening grid resiliency. The
platform enables utilities to engage customers with DERs, optimizing grid
operations and allowing customers to contribute excess energy in exchange for
financial incentives and loyalty rewards.
By integrating GridExchange into its platform, SEW aims to
revolutionize the way individuals and communities engage with their energy
consumption, promoting cleaner energy usage and reducing GHG emissions. The
platform also enhances grid planning, increases grid flexibility and
resiliency, and advocates for policy changes that support a cleaner energy
future.
SEW, with over 1.2 billion users and adoption by 410+
utilities worldwide, is committed to building a resilient and sustainable
energy ecosystem through advanced technologies like AI, ML, and IoT. This
acquisition represents a significant step toward sustainable energy and
underscores SEW's dedication to pioneering a greener future.
Alectra Utilities Corporation, the seller of GridExchange,
serves approximately one million homes and businesses across a service
territory comprising 17 communities. Their commitment to enabling customers to
participate in local energy markets aligns with SEW's mission to engage,
empower, and educate people worldwide to conserve energy and water.
SEW's acquisition of GridExchange not only signifies
progress toward sustainable energy but also demonstrates their dedication to
advancing sustainability through technology. It positions SEW to further its
mission of promoting conservation and sustainability on a global scale.
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