Latest news with #UtilityAI™Platform
Business Wire
02-05-2025
- Business
- Business Wire
Bidgely Surpasses 1.5 TWh of Energy Savings, Offsetting 1M Tons of CO2 Emissions
LOS ALTOS, Calif.--(BUSINESS WIRE)-- Bidgely today announced that its artificial intelligence (AI)-driven solutions have accumulated over 1.5 terawatt-hours (TWh) in energy savings, equivalent to offsetting over 1 million metric tons of CO2 emissions. Bidgely's 1.5 TWh in energy savings was achieved through the collective efforts of a growing customer base across all fuel types — gas, electric, dual fuel and even water — leveraging the company's UtilityAI™ Platform to boost energy efficiency through enhanced customer engagement strategies. This achievement, fueled by our financial strength, continued leadership, and dedication to consistently delivering customer value, is a milestone we are excited to share with the market. Share This milestone follows Bidgely's rising 'Leader' status on Guidehouse Research's latest Home Energy Management (HEM) Leaderboard, which recognized the company's expanding offerings for home energy reports (HERs), time-of-use (TOU) initiatives and managed electric vehicle (EV) charging. According to the report, ' the company's dedication to expanding its platform capabilities, reaching new clients, and delivering quality services suggests that it will remain a Leader in the HEMS market for the foreseeable future.' The company's customer engagement strategies, including personalized consumption insights, energy profiling and behavioral load shifting, also ranked Bidgely a 'Leader' on Guidehouse Research's 2023 Customer Experience and Engagement Analytics leaderboard as well as IDC MarketScape's 2023 and 2021 Customer Engagement Vendor Assessments. The impact of achieving over 1.5 TWh of energy savings is equal to offsetting CO2 emissions for one year from: Over 1 billion pounds of coal burned Nearly 2.5 million barrels of oil consumed Nearly 121 million gallons of gas consumed Industry-Leading Home Energy Management and Customer Engagement Bidgely's patented disaggregation and UtilityAI™ platform helped utilities like Avista, NV Energ y, Pacific Power, PSEG Long Island, Southern California Gas among others unlock real-time energy usage insights from raw meter data to drive smarter energy consumption through a suite of customized solutions, including: Home Energy Management Program: 360-degree view of household energy use, broken down by appliance and usage patterns. Home Energy Reports: Personalized, dollar-based reports with easy-to-understand energy-saving recommendations. Customer Experience & Engagement: Multi-channel customer connection via smart alerts, web portals, and call center staff equipped with one-click consumption analytics. Combined, these tools created a journey for homeowners to gain new visibility into their highest-impact appliances in order to better focus their energy-saving efforts, i.e. adjusting thermostat settings or upgrading to more efficient appliances. 'This achievement, fueled by our financial strength, continued leadership, and dedication to consistently delivering customer value, is a milestone we are excited to share with the market,' said Bidgely CEO Abhay Gupta. 'The future of energy isn't just about grids and power—it's about people, resilience and intelligent action. Bidgely is helping create a world where utilities don't just manage demand—they anticipate and shape it.' Beyond Energy Efficiency — Driving Greater Savings Through Smart Load Shaping By strategically evolving and expanding its product suite, Bidgely's 1.5 TWh in energy savings is also a result of empowering utilities to boost enrollment in key load shaping and load shift programs. Bidgely's granular targeting of high-grid-impact customers unlocked the full potential of TOU rates, demand response and managed EV charging for its utility customers, while its recent GenAI integration enhances the accessibility and scalability of these programs. 'Achieving 1.5 TWh is more than a number; it's a demonstration of the future of energy management,' said Gautam Aggarwal, chief revenue officer at Bidgely. 'The precision and effectiveness of data-driven customer targeting activates unprecedented levels of efficiency and grid stability that will be instrumental for thriving in shifting dynamics of the energy industry.' To learn why utilities are using Bidgely's AI-powered solutions to enhance energy efficiency and customer engagement, download the report: Guidehouse Research Leaderboard: Home Energy Management Systems Providers. About Bidgely Bidgely is an AI-powered SaaS Company accelerating a clean energy future by enabling energy companies and consumers to make data-driven energy-related decisions. Powered by our unique patented technology, Bidgely's UtilityAI™ Platform transforms multiple dimensions of customer data - such as energy consumption, demographics, and interactions - into deeply accurate and actionable consumer energy insights. We leverage these insights to empower each customer with personalized recommendations, tailored to their individual personality and lifestyle, usage attributes, behavioral patterns, purchase propensity, and beyond. From a distributed energy resources (DER) and grid edge perspective, Bidgely is advancing smart meter innovation with data-driven solutions for solar PVs, electric vehicle (EV) detection, EV behavioral load shifting and managed charging, energy theft, short-term load forecasting, grid analytics, and time of use (TOU) rate designs. Bidgely's UtilityAI™ energy analytics provides deep visibility into generation and consumption for better peak load shaping and grid planning, and delivers targeted recommendations for new value-added products and services. With roots in Silicon Valley, Bidgely has over 16 energy patents, $75M+ in funding, retains 30+ data scientists, and brings a passion for AI to utilities serving residential and commercial customers around the world. For more information, please visit or the Bidgely blog at
Yahoo
18-03-2025
- Business
- Yahoo
Bidgely Accelerates AI-Driven Energy Transformation with Grid4C Acquisition
Acquisition signals new inorganic growth era, continued expansion of advanced AI solutions with integration of fault detection & diagnostics and DER load forecasting LOS ALTOS, Calif., March 18, 2025--(BUSINESS WIRE)--Bidgely has acquired Grid4C, a leading artificial intelligence (AI) predictive analytics developer in the energy industry, to expand its AI-powered energy analytics solutions for both grid-side management and consumer engagement. This acquisition will 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) optimization, but also support a variety of new use cases. "This acquisition marks a pivotal moment for Bidgely, solidifying our leadership position in AI-powered energy intelligence. We've demonstrated exceptional organic growth, and now, with our first strategic acquisition, we're accelerating that trajectory," said Abhay Gupta, Bidgely founder and CEO. "Combining our industry-leading AI with strategic acquisitions allows us to deliver unprecedented innovation and value to the energy sector." Bidgely's Strategic Acquisition of Grid4C: A Leap Forward in AI Analytics Founded in 2013, Grid4C became a recognized leader with 10 patents in the AI-powered energy analytics space. With novel solutions around fault detection & diagnostics of home appliances and grid assets, as well as load and DER forecasting, the company, backed by strategic investors such as Alectra Utilities and Engie, gained traction among North American, APAC, and European utilities. Once integrated into Bidgely's customer engagement solution, Grid4C's fault detection and diagnostics algorithms will offer insights into when a utility customer's appliances, like heating and air conditioning (HVAC) systems, are likely to fail. This strengthens Bidgely's current capabilities and promises to benefit multiple stakeholders: Utilities can offer appliance maintenance programs to consumers, thereby enhancing customer experience and creating new 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 themselves can proactively maintain their appliances to prevent expensive repairs down the line Additionally, integrating Grid4C's AI-powered granular load & DER forecasting into Bidgely's customer engagement platform will assist customers to better budget their energy costs, with accurate 7 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 & 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 intelligently plan demand response programs and optimize DERs. "Bidgely is both an innovator and a market leader when it comes to helping utilities enhance customer experience and operate their grid efficiently. We are excited to be a part of the Bidgely team," said Dr. Noa Ruschin-Rimini, Grid4C founder and CEO. "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: About Bidgely Bidgely is an AI-powered SaaS Company accelerating a clean energy future by enabling energy companies and consumers to make data-driven energy-related decisions. Powered by our unique patented technology, Bidgely's UtilityAI™ Platform transforms multiple dimensions of customer data - such as energy consumption, demographics, and interactions - into deeply accurate and actionable consumer energy insights. We leverage these insights to empower each customer with personalized recommendations, tailored to their individual personality and lifestyle, usage attributes, behavioral patterns, purchase propensity, and beyond. From a distributed energy resources (DER) and grid edge perspective, Bidgely is advancing smart meter innovation with data-driven solutions for solar PVs, electric vehicle (EV) detection, EV behavioral load shifting and managed charging, energy theft, short-term load forecasting, grid analytics, and time of use (TOU) rate designs. Bidgely's UtilityAI™ energy analytics provides deep visibility into generation and consumption for better peak load shaping and grid planning, and delivers targeted recommendations for new value-added products and services. With roots in Silicon Valley, Bidgely has over 16 energy patents, $75M+ in funding, retains 30+ data scientists, and brings a passion for AI to utilities serving residential and commercial customers around the world. For more information, please visit or the Bidgely blog at View source version on Contacts Christine BennettBidgelypress@ Sign in to access your portfolio
Yahoo
13-02-2025
- Business
- Yahoo
Bihar Strengthens Digital Transformation with Bidgely's AI-Driven Power Solutions
South Bihar signs agreement with REC and Bidgely to bolster consumer services and optimise energy management PATNA, India & LOS ALTOS, Calif., February 13, 2025--(BUSINESS WIRE)--South Bihar Power Distribution Company Limited (SBPDCL) has signed an agreement with REC and Bidgely to implement artificial intelligence (AI) and machine learning-powered solutions aimed at enhancing consumer services, reducing losses from theft and ensuring a more efficient and sustainable power supply. "Providing effective energy analytics to consumers in real-time is an important step towards modernization of Bihar's power distribution sector. Through REC's support and Bidgely's AI-powered analytics technology, we aim to increase transparency, improve billing accuracy and motivate consumers to use electricity in an economical manner," said Mahendra Kumar, MD, SBPDCL. The value of Bidgely's AI-powered data solutions was first recognized during the Ministry of Power's flagship Powerthon 2022, a hackathon event aimed at identifying advanced solutions for power distribution challenges. During the event, Bidgely demonstrated how its Energy Theft Solution analyzes smart meter data to identify usage patterns over a period of time and detect anomalies associated with high probability theft tendencies of meter tampering and bypassing as well as leakages in tariff misuse and other non-technical loss. Bihar has since actively leveraged Bidgely's technology to curb losses and drive efficiency, having successfully flagged over 136 potential cases of theft in the first month of usage alone. Now, the Ministry of Power has extended its support of Bihar's progressive technology investment, enabling Bihar to further capitalize on Bidgely's ability to enrich meter data with AI. This includes granular, hour-by-hour appliance-level insights into consumer energy usage, enabling optimized grid performance and empowering consumers with actionable energy-saving information. "Bihar has been at the forefront of modernizing India's power sector through strategic smart meter adoption. Bidgely is honored to be part of Bihar's transformation journey and is committed to bringing our AI expertise and global experience in technological innovation to build a smarter, more resilient power infrastructure for the future," said Abhay Gupta, CEO of Bidgely. To learn more about Bidgely's AI technology for driving greater customer engagement, visit: About Bidgely Bidgely is an AI-powered SaaS Company accelerating a clean energy future by enabling energy companies and consumers to make data-driven energy-related decisions. Powered by our unique patented technology, Bidgely's UtilityAI™ Platform transforms multiple dimensions of customer data - such as energy consumption, demographics, and interactions - into deeply accurate and actionable consumer energy insights. We leverage these insights to empower each customer with personalized recommendations, tailored to their individual personality and lifestyle, usage attributes, behavioral patterns, purchase propensity, and beyond. From a distributed energy resources (DER) and grid edge perspective, Bidgely is advancing smart meter innovation with data-driven solutions for solar PVs, electric vehicle (EV) detection, EV behavioral load shifting and managed charging, energy theft, short-term load forecasting, grid analytics, and time of use (TOU) rate designs. Bidgely's UtilityAI™ energy analytics provides deep visibility into generation and consumption for better peak load shaping and grid planning, and delivers targeted recommendations for new value-added products and services. With roots in Silicon Valley, Bidgely has over 16 energy patents, $75M+ in funding, retains 30+ data scientists, and brings a passion for AI to utilities serving residential and commercial customers around the world. For more information, please visit or the Bidgely blog at View source version on Contacts Christine Bennettpress@
