I’m thrilled to share some exciting news: Bidgely has acquired Grid4C, a leader in AI-based predictive analytics for the energy industry.
This acquisition marks a significant moment for Bidgely, solidifying our leadership position in AI-powered energy intelligence. Combining our industry-leading AI with strategic acquisitions like Grid4C allows us to deliver unprecedented innovation and value to the energy sector.
Grid4C is a recognized leader in the predictive energy analytics space, with close to 10 patents to its name, and has developed novel solutions around fault detection & diagnostics of home appliances and grid assets, as well as load and DER forecasting.
The company, backed by strategic investors such as Alectra Utilities and Engie, has gained traction among North American, APAC, and European utilities through these very relevant offerings that help solve the industry’s big challenges.
I’m also pleased to welcome Dr. Noa Rimini, Founder and CEO of Grid4C and a PhD in artificial intelligence and machine learning as well as the Grid4C team to Bidgely. We look forward to their contributions to our UtilityAI platform of customer- and grid-facing solutions. Dr. Rimini is an engineering and data science leader, which will only further supercharge our data science leadership team
and the value outcomes we deliver to our utility partners as an Energy Intelligence leader.
Enhancing the UtilityAI™ Platform
Grid4C’s solutions are an excellent complement to our existing platform. This acquisition will strengthen the core capabilities of Bidgely’s UtilityAI™ Platform and expand support for new use cases.
Specifically, Grid4C’s fault detection and short-term load forecasting solutions bring powerful enhancements:
- Fault Detection and Diagnostics: Grid4C’s fault detection algorithms, once integrated into our customer engagement solution, will enhance Bidgley’s ability to provide insights into when a utility customer’s appliances, such as heating and air conditioning (HVAC) systems, are likely to fail, benefiting multiple stakeholders. Utilities will be able to offer appliance maintenance programs to consumers, enhancing customer experience and creating new revenue streams. Home service partners of utilities will benefit from targeting the most promising customers. Consumers will benefit from proactively maintaining their appliances, preventing expensive repairs down the line, and gaining insights into potential malfunctions, inefficiencies, and behavioral anomalies for many home appliances and grid assets.
- DER-Ready Load Forecasting: Integrating Grid4C’s AI-powered granular load & DER forecasting into Bidgely’s customer engagement platform will assist customers to better budget their energy costs, with accurate seven-days- ahead hourly usage forecasts and 30-days-ahead bill predictions preventing bill shocks. When merged with Bidgely’s grid analytics offering, this load & DER forecasting feature will also predict faults and overload of grid assets, and identify when solar production or electric vehicle consumption will peak, allowing utilities to intelligently plan demand response programs and optimize DERs.
Bidgely + Grid4C: A Win for Bidgely, A Win for our Utility Partners
This acquisition signals a new growth era for Bidgely. For over a decade, we have been focused on developing our own data science and solutions, and have built organically built out a client portfolio encompassing dozens of utilities around the world and tens of millions of utility customers served.
Now, with this first strategic acquisition, we’re accelerating that trajectory. We are well-positioned as a growing partner for the future, to help utilities innovate and tap into the power of AI to solve their biggest grid and customer engagement challenges and to help drive the clean energy transition.
