Uplight — grid flexibility SaaS platform serving 85+ utilities (8 of 10 largest US utilities), 8.5 GW flexible load under management
Octopus Energy Group acquires majority stake in Uplight, the leading North American demand flexibility platform serving 85+ utilities including 8 of 10 largest US utilities. Uplight manages 8.5 GW of flexible load and delivered $65.9M in customer savings in 2025. Schneider Electric remains as significant minority partner. Transaction subject to regulatory approval. Evercore served as Uplight's exclusive financial advisor.
Grid Flexibility / SaaS
Technology
CO
Location
Deal Details
- Deal Type
- Majority Stake Acquisition
- Seller / Sponsor
- Uplight
- Buyer / Financier
- Octopus Energy Group
- Deal Value
- Undisclosed
- Stage
- Operating
Service Providers
Advisory & Legal
- targetAdvisor
- Evercore
Related Deals
Enel Green Power NA geothermal and solar portfolio — Cove Fort (UT), Stillwater & Salt Wells (NV), solar assets (CT)
Enel Green Power North America → Ormat Technologies
$271M
STX Midstream — South Texas natural gas pipeline assets (NET Mexico pipeline 90% interest, Dos Caminos 50% interest)
NextEra Energy Partners → Kinder Morgan
$1.815B
Triple Oak Power — 8 GW onshore wind development platform focused on central and western US markets
EnCap Investments → Energy Capital Partners
$500M-$750M
Global Infrastructure Partners (GIP) — world's largest independent infrastructure fund with 19+ GW operational renewables, 173 GW in construction/development
Global Infrastructure Partners → BlackRock
$12.5B
Recurrent Energy — 20% stake in Canadian Solar's renewable energy subsidiary (11 GWp solar + 3 GWh storage globally)
Recurrent Energy → BlackRock
$500M
Susquehanna nuclear data center campus — 960 MW capacity adjacent to 2.5 GW Susquehanna nuclear plant, Berwick PA
Talen Energy → Amazon (AWS)
$650M
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.