Signed. Sealed.
And Delivering.
Transforming customer participation and demand-side resources into reliable, affordable capacity for energy customers, utilities, and the grid.
It’s Official: Uplight is now backed by Octopus Energy and Schneider Electric.
It’s Official: Uplight is now backed by Octopus Energy and Schneider Electric.
The investment accelerates Uplight’s Demand Stack® strategy—advancing customer participation and transforming demand-side resources into reliable, flexible capacity for the grid, utilities, and energy customers.
And, we’re going big as we aim to put $1 billion back in customers’ pockets through energy savings and more than double our load flexibility portfolio to 20 gigawatts.
More Than Capital
More Than Capital
This investment by two global clean energy powerhouses reflects an alignment of complementary strengths and a shared conviction that the Demand Stack is the fastest and most cost effective way to deploy reliable, flexible capacity.
It reinforces Uplight’s role as a long-term strategic partner and will enable us to accelerate innovation to solve our clients’ most urgent challenges around grid resilience, affordability, and decarbonization faster.
Accelerating Benefits for Utilities, Customers, and the Grid
Maximizing the value of
demand-side flexibility
AI-powered analytics and business intelligence will power improved customer experiences, expanded visibility into customer participation across programs, and demand-side portfolio optimization.
Driving energy customer savings
and satisfaction
Deeper customer intelligence and expanded extensibility across behavioral, rate and device-based programs to increase participation, improve engagement and satisfaction, and drive residential and business customer energy bill savings.
Delivering predictable, flexible, scalable capacity
Aggregate, dispatch, monitor, and evaluate demand-side resources based on real-time localized grid needs through multi-asset Predictive Capacity Dispatch, IEEE2030.5 integration, and integrated DERMS.
Frequently Asked Questions
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The investment will turbocharge Uplight’s ability to drive customer engagement and demand-side program participation across all customer segments, from residential to large commercial and industrial, at scale, empowering utilities and grid operators to more affordably deliver capacity when, where, and how the grid needs.
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There will be no changes to products, pricing, or contracts.
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Financials are not being disclosed at this time.
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Nick Chaset has been named Chief Executive Officer of Uplight, a role he will hold alongside his position as CEO of Octopus Energy US. As CEO of Octopus Energy US, Chaset leads both retail electricity and flexibility services, giving him direct operating experience in the same customer participation and grid flexibility models Uplight partners with utilities to scale. His leadership will support Uplight’s next phase of growth as the company expands the reach, reliability, and operational value of demand-side programs.
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We’re targeting ambitious goals over the next five years – $1 billion in energy savings for households and businesses, and growing our flexible capacity to 20 GWs. We’ll deliver on these big promises with the Uplight’s Demand Stack solutions, as well as new innovations unlocked by our partnership with Octopus Energy and the continued evolution of our work with Schneider Electric.
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Our team is excited to discuss the potential value Uplight can bring – reach out to your Solution Director or Account Manager if you are a current client or by using the form below.
