HOUSTON – Otovo, formed by the merger of U.S.-based Otovo USA and European residential power leader Otovo ASA, launched on Tuesday as a combined global home and business energy services company anchored by an artificial intelligence platform. The new entity, which will operate under the Otovo name, aims to leverage its AI-driven service model…
PARIS: Schneider Electric signed agreement to acquire a strategic minority stake in Uplight Inc., the technology partner of energy providers transitioning to clean energy, a news release said. The transaction values Uplight at c.$1.5 billion around 10x expected 2021 revenue. Uplight expects significant revenue growth in the coming years. Uplight, a certified B Corporation,…