Uplight is a Boulder, Colorado-based clean energy technology company that provides a customer-facing software platform to electric and gas utilities. Formed in 2019 by the merger of Tendril and Simple Energy (and the acquisitions of FirstFuel, EEme and EnergySavvy), Uplight delivers an end-to-end energy action system covering customer engagement, marketplaces, demand-side management, energy efficiency analytics, and distributed energy resource management (DERMS) / virtual power plants (following the 2024 acquisition of AutoGrid from Schneider Electric). The company serves more than 85 utilities across North America, including eight of the ten largest U.S. utilities, and manages over 8.5 GW of flexible load. Uplight is a Certified B Corporation.
Uplight Energy has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2019
Employees
501–1,000
Total Funding
$255M
2 rounds
Latest Valuation
$1.5B
Mar 3, 2021
Octopus Energy Group completed its acquisition of a majority stake in Uplight; Schneider Electric continues as a minority investor
Octopus Energy US CEO Nick Chaset named Uplight CEO at close; no price or valuation disclosed
CEO Luis D'Acosta stepped down; Nick Chaset (CEO, Octopus Energy US) named Uplight CEO following deal close
Leadership reset under new controlling shareholder signals a strategic pivot
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $255M across 2 rounds
Last updated 09-30-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Feb 9, 2024 | Strategic - Schneider Electric Press release | $40M | — | Schneider Electric |
| Mar 3, 2021 | Growth Equity Press release | — | $1.5B | Schneider Electric, AES Corporation, Huck Capital |
Nick Chaset
Chief Executive Officer
Hannah Bascom
General Manager
Estelle Monod
Executive Chair of the Board
Competitor list is illustrative and may be incomplete, stale, or erroneous.
Oracle Opower
Oracle's utility customer engagement and energy efficiency platform (acquired Opower 2016); cited alongside Uplight as a Leader in Guidehouse home energy management rankings.
Bidgely
AI-powered home energy management and utility analytics provider; co-Leader with Uplight and Oracle in Guidehouse residential energy management rankings.
EnergyHub
Distributed energy resource management (DERMS) and demand response platform for utilities; subsidiary of Alarm.com competing in DERMS/VPP overlap with Uplight + AutoGrid.
Arcadia
U.S. clean energy data and customer experience platform serving utilities, community solar and energy management overlap with Uplight.
Itron
Public utility technology vendor with grid edge, DERMS and customer engagement solutions overlapping Uplight's stack.
Stem
AI-driven clean energy software and energy storage optimization, overlapping with Uplight + AutoGrid in DER orchestration / VPP.
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