Schneider Electric acquires solar marketplace EnergySage
Schneider Electric announced it has purchased a controlling stake in EnergySage to help accelerate a shared vision for transforming the clean energy market. The acquisition will provide EnergySage with the resources to speed up the company’s growth and product innovation. In addition to rapidly growing its rooftop solar and community solar marketplace solutions for residential and commercial customers, EnergySage will build new solutions for high-efficiency HVAC, smart home devices and other clean energy products and services, and will scale its business globally.
For nearly a decade, EnergySage has empowered consumers across the country to make smarter energy decisions through education, transparency and choice, while helping hundreds of solar installation companies, equipment manufacturers, financiers and service providers grow their businesses. Of all consumers going solar in the United States, at least one in five visit EnergySage.com to research their options. The capital from Schneider Electric will allow EnergySage to turbocharge its growth and support millions more homeowners, renters and commercial property owners in taking climate-friendly energy actions. EnergySage will also have a bigger impact on its industry partners by helping them grow their business faster and more efficiently.
“This is an enormous milestone in EnergySage’s history and a huge testament to our team, platform, and all of our industry partners,” said Vikram Aggarwal, founder and CEO of EnergySage. “We’re thrilled to have the support and resources of a company that has been recognized as one of the most sustainable companies on the planet, while maintaining the entrepreneurial, consumer-first spirit that’s propelled us as industry leaders.”
At its core, this is a partnership between two companies well-aligned in both their respective values and commitments to decarbonize the global energy infrastructure. Schneider Electric fully supports growing EnergySage’s position as unbiased trusted advisors to consumers and the industry — continuing to augment EnergySage’s culture, neutrality and independence.
“The future of energy is decarbonized, decentralized and digital,” said Nadege Petit, chief innovation officer at Schneider Electric. “We are excited to accelerate EnergySage’s growth and enable more energy consumers to make the transition to renewable energy”.
News item from EnergySage