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".
