Today, we are 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: we are 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 our mission and increases our 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.
We are 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.
We’re 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, we’re improving how customers discover, enroll in, and participate in demand-side programs. We’re 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.
We’re rolling out Predictive Capacity Dispatch capabilities across our platform, enabling utilities to reliably forecast available load, evaluate performance, and target specific megawatt outcomes using aggregated demand-side resources.
We’re 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 our investors, we are supercharging load flexibility. Join us!
