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    1. Energy Efficiency

    Schneider Electric acquires EnergySage to accelerate role in Clean Energy consumers marketplace

    Feb. 21, 2022
    EnergySage will expand its rooftop solar and community solar marketplace solutions for commercial and residential customers and develop new solutions for high-efficiency HVAC, smart home devices, and other clean energy products
    Image credit EnergySage
    Installer Testimonial 2be9d3ea1288 6213e201c9193

    Schneider Electric has acquired a controlling stake in renewable energy shopping marketplace firm EnergySage to accelerate the vision to transform the clean energy market.

    With this deal, EnergySage will acquire resources that will speed up its growth and product innovation. EnergySage will expand its rooftop solar and community solar marketplace solutions for commercial and residential customers and develop new solutions for high-efficiency HVAC, smart home devices, and other clean energy products and services. It will also expand its business worldwide.

    The capital will enable EnergySage to support millions more renters, homeowners and commercial property owners as they take climate-friendly actions.

    “Renewables like solar and wind are now cheaper than conventional electricity sources. Policy decisions aimed at curbing climate change are being made across all levels of government, and consumers are increasingly turning to clean energy as a way to not only reduce their carbon footprint, but to increase their resilience to climate change, and of course, save money,” EnergySage Founder and CEO Vikram Aggarwal said. “EnergySage is uniquely positioned within the industry and we look forward to working with Schneider to accelerate our mission of making renewable energy accessible and affordable for all."

    Schneider Electric will back EnergySage's growing 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".

    About the Author

    EnergyTech Staff

    Rod Walton is senior editor for EnergyTech.com. He has spent 14 years covering the energy industry as a newspaper and trade journalist.

    Walton formerly was energy writer and business editor at the Tulsa World. Later, he spent six years covering the electricity power sector for Pennwell and Clarion Events. He joined Endeavor and EnergyTech in November 2021.

    He can be reached at [email protected]. 

    EnergyTech is focused on the mission critical and large-scale energy users and their sustainability and resiliency goals. These include the commercial and industrial sectors, as well as the military, universities, data centers and microgrids.

    Many large-scale energy users such as Fortune 500 companies, and mission-critical users such as military bases, universities, healthcare facilities, public safety and data centers, shifting their energy priorities to reach net-zero carbon goals within the coming decades. These include plans for renewable energy power purchase agreements, but also on-site resiliency projects such as microgrids, combined heat and power, rooftop solar, energy storage, digitalization and building efficiency upgrades.