SEW Acquires GridExchange
Summary
SEW, an Irvine, CA-based company which specializes in in AI-powered connected customer (CX) and workforce (WX) experience industry cloud platforms, acquired GridExchange, a provider of a transactive energy software platform, from Alectra Utilities Corporation. • Enhancing Grid Planning: The platform optimizes DER values, increasing grid flexibility and resiliency; and contributes to integrated system planning with non-wires alternatives, reducing or deferring overall energy system costs. GridExchange empowers energy consumers to transition from passive users to proactive prosumers, leveraging distributed energy resources (DERs) such as solar panels, battery storage, and EV (Electric Vehicles). Led by CEO and Founder Deepak Garg, SEW delivers digital customer experiences (CX) and workforce experiences (WX), empowered by AI, ML, and IoT Analytics to the global energy, water, and gas providers. It partners with businesses to deliver platforms that are easy-to-use, integrate seamlessly, and help build a technological foundation.