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#News(Startup) [ via IoTForIndiaGroup ]
“AutoGrid has pioneered the science of flexibility management that enables energy providers to mine and extract data to balance supply and demand in real time,” said Geert van de Wouw, VP Shell Ventures. “We are pleased to join AutoGrid’s investment round and looking forward to gaining insights on how to increase productivity and value across distributed energy assets.”
“We’re proud to have one of the leading global energy companies committed to the transition towards a low-carbon future as an investor and partner,” said Dr. Amit Narayan, AutoGrid chief executive officer. “With the support of investors such as Shell, we’re significantly advancing our mission to transform the global new energy system.”
This funding comes as an extension to the Series D investment round announced in September from a powerful consortium of energy companies that includes CLP Group, innogy, National Grid, Ørsted, Tenaska, Energy Impact Partners, Envision Ventures and Total Energy Ventures.ht
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