Sew Buys Gridexchange: Advancing Clean Energy Transition

By Author: Ben Gross
Total Articles: 459
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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.

More Information : https://www.techdogs.com/tech-news/business-wire/sew-acquires-gridexchange-transactive-energy-platforms-pioneering-the-future-of-clean-energy-transition