[AutoGrid, 14 November 2018]

On November 14, National Grid Partners and AutoGrid, a data analytics startup, announced their latest partnership and direct investment agreement to develop “advanced applications of artificial intelligence (AI)-driven optimization, enabling predictive control of grid-edge assets.” This partnership is based off of AutoGrid’s $32 million Series D investment round. Lisa Lambert, Chief Technology and Innovation Officer at National Grid and the Senior Vice President of National Grid Partners, stated “They have one of the best utility-focused AI teams in Silicon Valley, and we believe there is a tremendous market opportunity for them to grow rapidly over the next few years. We are also actively engaging AutoGrid to help meet our strategic objectives in the grid analytics category." AutoGrid is one of our first direct investments. As a side note, this is not the only partnership National Grid has with AutoGrid; the two have a gas demand-response pilot in New York.