Schneider Electric acquires EnergySage, plans to add more home electrification products to marketplace
Schneider Electric purchased a controlling stake in EnergySage this week, one of the top online marketplaces for home solar + battery system quotes and reviews. Schneider, of course, has a full suite of electrification products and services, from basic circuit breakers and electric panels to smart home automation gizmos. Now under the wing of Schneider, EnergySage will be adding high-efficiency HVAC, smart home devices, and other clean energy products and services to its platform.
Already around one in five homeowners installing solar visits EnergySage.com to research their options. The capital from Schneider Electric will only help grow those stats and connect more homeowners, renters, and commercial property owners to the solar + storage marketplace, possibly at first through those ancillary services.
“This is an enormous milestone in EnergySage’s history and a huge testament to our team, platform, and all of our industry partners,” said Vikram Aggarwal, founder and CEO of EnergySage.
Having this kind of backing behind EnergySage could be a huge deal for solar installers, especially those looking to diversify into more home electrification services. Something to watch going forward will be how this impacts EnergySage’s position as a neutral, independent marketplace. Schneider Electric notes in the press release that that will stay the same.
“The future of energy is decarbonized, decentralized and digital” said Nadege Petit, Chief Innovation Officer at Schneider Electric. “We are excited to accelerate EnergySage’s growth and enable more energy consumers to make the transition to renewable energy”.
EnergySage is also in the community solar marketplace game too, trying to connect more homeowners to nearby community solar projects.
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