Octopus acquires majority stake in grid tech company Uplight. UK-based clean energy tech company Octopus Energy Group announced today that it has acquired a majority stake in grid flexibility technology provider Uplight, in a move aimed at enabling the company to help utilities in North America manage the rapid increase in electricity demand driven by data center buildouts and electrification. Founded in 2019, Colorado-based Uplight provides solutions designed to unlock grid capacity through a combination of customer engagement and flexibility management solutions, allowing utilities to unlock flexible capacity faster and more affordably than through traditional infrastructure buildouts. The company currently serves over 85 utilities across North America, including eight of the ten largest in the U.S., and manages over 8.5 gigawatts of flexible load, providing demand response, distributed energy resource management and customer engagement solutions. Octopus said: "Electricity demand in the U.S. is surging, driven by AI data centres and the rapid growth of electrotech like EVs, batteries and solar. Utilities need new ways to keep the grid reliable and affordable." Octopus said that the acquisition is being made in partnership with Schneider Electric, who is an existing investor in Uplight. Schneider Electric invested in the company in the company in 2021, in a deal that valued Uplight at $1.5 billion. The companies said that Schneider Electric will remain as a significant minority partner following the transaction. Frédéric Godemel, Executive Vice President, Energy Management at Schneider Electric, said: "Our continued commitment to Uplight reflects a shared focus on connecting customer programs more directly to grid operations. Uplight's platform will help transform distributed energy resources into reliable, market-ready capacity, and we will support their mission to make energy more flexible, clean and affordable." According to Octopus, the transaction will bring its expertise in managing flexible energy systems into the U.S. market at scale, with Uplight bringing its established U.S. utility relationships and proprietary engagement and flexibility technology, alongside Schneider Electric's advanced distribution management systems (ADMS) capabilities and its "OneDERMS" platform that helps connect demand-side flexibility with grid operations. Octopus added that its recently spun-out AI-powered utility technology business Kraken will also begin exploring collaboration with Uplight, encompassing customer operations capabilities, and flexibility orchestration. Nick Chaset, CEO of Octopus Energy U.S., said: "This partnership brings together Octopus's world-leading expertise in flexibility, Schneider Electric's grid intelligence and Uplight's deep relationships with leading U.S. utilities to turn customer participation into dependable grid capacity. Together, we can help accelerate the shift to a smarter, more resilient and more affordable energy system." Luis D'Acosta, Chief Executive Officer of Uplight, said: "Uplight has always been committed to unlocking grid capacity by empowering the energy consumer. With the strategic backing of Octopus Energy and Schneider Electric, Uplight is uniquely positioned to bridge the gap between customer participation and grid operations."

Uplight's next phase of growth supercharged by strategic investment from Octopus Energy and Schneider Electric. By Luis D'Acosta on March 24, 2026 Today, EnergySavvy is thrilled to announce that Uplight has secured strategic investment from Octopus Energy and Schneider Electric-marking an exciting new phase of growth and innovation for the company. This investment reflects a shared conviction in Uplight's unique ability to transform demand-side resources into reliable, flexible, and cost-effective capacity as well as the role that customer-centric flexibility must play in powering reliability, energy affordability, and decarbonization. The right investors: Octopus Energy and Schneider Electric. Octopus Energy has deep experience operating customer-first energy businesses at scale and using technology to drive engagement, enrollment, and sustained behavior changes across millions of energy customers. Schneider Electric has deep expertise in grid operations, automation, DER orchestration and utility systems integration, having backed Uplight since 2021. Together with Uplight, these companies are focused on creating reliable demand-side flexibility and making its value broadly accessible to energy customers, utilities, and grid operators. Doubling down on the Demand Stack. Uplight's strategy is clear: EnergySavvy is doubling down on the Demand Stack, a proven strategy to maximize customer-enabled load flexibility to meet the growing needs of the grid, utilities, and energy customers. The Demand Stack transforms individual demand-side customer programs, spanning energy efficiency to time-varying rates to event-based programs, into cohesive customer experiences that drive energy customer satisfaction and bill savings and predictable, aggregated flexibility that utilities can confidently deploy to meet grid needs. What does this mean for utilities and their energy customers? This investment accelerates its mission and increases its ability to innovate faster while remaining an independent company-positioning Uplight as the Demand Stack partner for utilities looking to improve energy affordability by driving cost-effective grid resilience. This transaction will further Uplight's work in: Maximizing the value of demand-side flexibility through the integrated Demand Stack, unifying behavioral, rate-based, and device-driven programs to drive scalable load flexibility with enhanced customer experiences powered by AI. EnergySavvy is making each customer's Demand Stack visible, enabling energy providers to optimize flexibility and savings at both the individual and portfolio levels. Utilities gain more precise targeting and improved program performance through AI-powered predictions that identify the right customers for the right programs at the right time. EnergySavvy is also expanding opt-out program models across behavioral demand response, Grid Resiliency, and managed devices to maximize load flexibility while maintaining positive customer experiences and high participation rates. Driving energy customer savings & satisfaction through AI-powered insights that help residential and business customers understand and control their energy use - whether through behavioral changes, distributed energy resources, or best-fit utility programs. Leveraging customer data, AI, and machine learning, EnergySavvy is improving how customers discover, enroll in, and participate in demand-side programs. EnergySavvy is extending enrollment and engagement beyond traditional utility channels to meet customers where they already are - reducing friction, boosting participation, and increasing both satisfaction and bill savings. Growing predictable, flexible, scalable capacity by leveraging integrated demand-side flexibility to precisely meet real-time, localized grid needs while connecting to an expanding DER landscape. EnergySavvy is rolling out Predictive Capacity Dispatch capabilities across its platform, enabling utilities to reliably forecast available load, evaluate performance, and target specific megawatt outcomes using aggregated demand-side resources. EnergySavvy is also expanding device connectivity through industry standards like IEEE 2030.5, connecting to a broader range of devices including batteries and EV chargers. These capabilities enable dispatch, telemetry, and performance verification across grid edge assets - orchestrating more DERS at scale so utilities can aggregate, dispatch, monitor, and evaluate these resources based on real-time, localized grid needs. Together, with the support of its investors, EnergySavvy is supercharging load flexibility. Join EnergySavvy! Uplight News Luis D'Acosta. Luis is the Chief Executive Officer at Uplight, leading Uplight's mission to accelerate decarbonization through demand-side solutions. Luis was previously the global head of Schneider Electric's Digital Energy business, where he worked to accelerate the digitization of power networks by building and implementing new technology solutions. He has vast global experience running software businesses, scaling startups, and leading growth and customer engagement initiatives. Get industry insights and updates from Uplight monthly via email. Subscribe today.

Octopus Energy Group is acquiring a majority stake in Uplight, a North American grid flexibility provider, in partnership with Schneider Electric, which will remain a significant minority partner. The transaction is subject to regulatory approvals and expected to complete later this year. Uplight serves over 85 utilities across North America, including eight of the ten largest in the US, managing over 8.5 gigawatts of flexible load through demand response and distributed energy resource management solutions. The company will continue operating as an independent platform. The partnership combines Octopus Energy's consumer innovation and flexibility expertise, Uplight's utility relationships and technology, and Schneider Electric's grid management systems. Octopus Energy operates the world's largest virtual power plant with more than 350,000 electric vehicles enrolled globally.