AutoGrid Introduces Big Data Analytics, Demand Response Solutions
Despite investing millions of dollars in smart meters, utilities have yet to fully capitalize on the data these two-way meters produce. Startup AutoGrid Systems is taking on the job of analyzing giant data sets so utilities can monetize that flow of data.
The Palo Alto, California-based startup today announced it has raised $9 million from venture capital firms and Stanford University, where founder and CEO Amit Narayan developed the company idea as director of smart grid research. The company had previously received grants from the Department of Energy’s ARPA-E agency and the California Energy Commission.