AutoGrid | French oil major Total stumps up for ‘energy internet’ in AutoGrid’s latest Series C funding

Total Energy Ventures assumes a role of ‘strategic investor’ in AutoGrid. Its undisclosed investment will support development of the AutoGrid Flex suite of internet-based energy applications, designed to help grid operators predict, control and optimise their distributed energy resources (DERs). AutoGrid claims its AutoGrid Flex “energy internet” solutions enhance performance of both grid and wholesale DER assets, including distributed generation, battery storage and demand response resources, and provide ‘out-of-the-box’ support for residential, commercial and industrial customers. Total Energy Ventures’ funds will also support development of the AutoGrid Energy Internet Platform, on which AutoGrid Flex is based, and expand the company’s reach in North America, Asia and Europe. Two of these, SunPower and Sunverge, this week announced a partnership to provide solar panels with cloud-based energy management software, which can be controlled by homeowners.