Indian energy intelligence company Bidgely has acquired Grid4C, a Californian AI predictive analytics developer in the energy industry.

Bidgely’s goal is to expand its AI-powered energy analytics for grid-side management and consumer engagement.

This acquisition should not only strengthen the core capabilities of Bidgely’s UtilityAI platform, including home energy management, customer experience, demand response, load shaping strategies and distributed energy resources (DERs) optimisation, but also support various new use cases.

“This acquisition marks a pivotal moment for Bidgely, solidifying our leadership position in AI-powered energy intelligence,” said Abhay Gupta, Bidgely CEO. “We’ve demonstrated exceptional organic growth, and now, with our first strategic acquisition, we’re accelerating that trajectory. Combining our industry-leading AI with strategic acquisitions allows us to deliver unprecedented innovation and value to the energy sector.”

Founded in 2013, Grid4C has ten patents in the AI-powered energy analytics space. With novel technology around fault detection, diagnostics of home appliances and grid assets, as well as load and DER forecasting, the company, backed by investors such as Alectra Utilities and Engie, gained traction among North American, Apac and European utilities.

Once integrated into Bidgely’s customer engagement offering, Grid4C’s fault detection and diagnostics algorithms will offer insights into when a utility’s appliances, such as HVAC systems, are likely to fail. This strengthens Bidgely’s capabilities and promises to benefit multiple stakeholders:

• Utilities can offer appliance maintenance programmes to consumers, thereby enhancing customer experience and creating revenue streams
• Utilities can work with home service partners to target the most promising customers to deliver value through rebates, upgrades or replacement services
• Customers can proactively maintain their appliances to prevent expensive repairs down the line

Additionally, integrating Grid4C’s AI-powered granular load and DER forecasting into Bidgely’s customer engagement platform should help customers better budget their energy costs, with accurate seven days ahead hourly usage forecasts and 30 days ahead bill predictions. It also alerts customers of usage anomalies that can be avoided and prevents bill shocks.

When merged with Bidgely’s grid analytics offering, this load and DER forecasting feature will also predict faults and overload of grid assets, and identify when solar production or electric vehicle consumption will peak, allowing utilities to plan demand response programmes and optimise DERs intelligently.

“Bidgely is both an innovator and a market leader when it comes to helping utilities enhance customer experience and operate their grid efficiently,” said Noa Ruschin-Rimini, Grid4C (www.grid4c.com) CEO. “We are excited to be a part of the Bidgely team. Together, we have several decades of experience in AI in the utilities space and are well-positioned to help utilities address the widest range of use cases both on the grid side and on the customer side.”

To learn more about Bidgely’s acquisition of Grid4C, visit bidgely.com/resource/bidgely-grid4c-exec-brief.

Bidgely (www.bidgely.com) is an AI-powered SaaS company accelerating a clean energy future by enabling energy companies and consumers to make data-driven energy-related decisions.