LOS ALTOS, Calif.--(BUSINESS WIRE)--Dec 12, 2024--
Bidgely, a leading global energy intelligence company, drove momentum for profitability in 2024 by quadrupling revenue for its grid products. This included a rise in demand for the company’s EV Intelligence and Load Management solutions, which enabled utilities to reduce peak EV charging through more targeted load shifting. Bidgely also experienced a significant increase in its Behind-the-Meter Analytics for program recruitment and enrollment strategies as well as achieving strong tailwinds for its customer engagement (CX), time-of-use (TOU) and energy efficiency (EE)/Home Energy Reports (HERs) solutions.
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Recognized as one of the world’s most innovative Applied AI companies, Bidgely continued to break down silos between utility consumer and grid operations in 2024, unifying customer engagement, grid modernization, and load management.
“AI is revolutionizing how utilities leverage data to make informed decisions, helping them navigate the complexities of clean energy, energy efficiency and consumer engagement,” said Abhay Gupta, CEO of Bidgely. “In 2024, we witnessed significant adoption of our AI-powered solutions, and we anticipate even greater momentum in 2025 with the integration of GenAI.”
Pioneering AI-Powered Energy Solutions
Since its inception in 2012, Bidgely has been at the forefront of AI-powered energy analytics. The company’s patented technology empowers utilities to gain deeper insights from smart meter data, enabling them to:
In 2024, Bidgely introduced groundbreaking Generative AI capabilities to its UtilityAI™ Platform, helping utilities further enhance key initiatives, including:
Accolades and Recognition
From helping utilities optimize existing grid infrastructure to navigating changes in EV charging demand, successful implementation of Bidgely’s AI solutions was continuously validated in 2024 through mainstream and industry awards.
Recognition included: Fast Company’s list of top 10 Applied AI companies in the world for 2024; Environment+Energy Leader awarded Bidgely ‘Top Product of the Year’; AESP’s ‘Innovation in Technology' Award; PLMA’s 2024 Technology Pioneer Award (together with Avista Utilities); and SECC’s Smart Energy Innovation Award (through partnership with Hydro One).
Industry Leadership
This year, Bidgely held its annual energy intelligence conference, EmPOWER AI, in Spokane, Washington, in collaboration with utility host Avista Utilities. Executive leaders from Tucson Electric Power, SoCalGas, Rocky Mountain Power and PacifiCorp also joined to share their successful implementation of AI-powered data analytics across various domains, including customer experience, call center support and grid planning.
In 2025, Bidgely’s EmPOWER AI conference will go on tour across North America, with locations including California, Chicago, and Toronto.
To learn more about Bidgely, visit: bidgely.com
About Bidgely
Bidgely is an AI-powered SaaS Company accelerating a clean energy future by enabling energy companies and consumers to make data-driven energy-related decisions. Powered by our unique patented technology, Bidgely's UtilityAI™ Platform transforms multiple dimensions of customer data - such as energy consumption, demographics, and interactions - into deeply accurate and actionable consumer energy insights. We leverage these insights to empower each customer with personalized recommendations, tailored to their individual personality and lifestyle, usage attributes, behavioral patterns, purchase propensity, and beyond. From a distributed energy resources (DER) and grid edge perspective, Bidgely is advancing smart meter innovation with data-driven solutions for solar PVs, electric vehicle (EV) detection, EV behavioral load shifting and managed charging, energy theft, short-term load forecasting, grid analytics, and time of use (TOU) rate designs. Bidgely’s UtilityAI™ energy analytics provides deep visibility into generation and consumption for better peak load shaping and grid planning, and delivers targeted recommendations for new value-added products and services. With roots in Silicon Valley, Bidgely has over 16 energy patents, $75M+ in funding, retains 30+ data scientists, and brings a passion for AI to utilities serving residential and commercial customers around the world. For more information, please visit www.bidgely.com or the Bidgely blog at bidgely.com/blog.
Bidgely continued to break down silos between utility consumer and grid operations in 2024, unifying customer engagement, grid modernization, and load management. (Graphic: Business Wire)
PORTLAND, Maine (AP) — Colder weather began to return Thursday after a storm that swept up the East Coast delivered a blow to New England, packing powerful gusts that knocked out power along with a deluge of rain and warming temperatures that washed away snow and dampened ski resorts.
An atmospheric river transported moisture northward from the tropics and brought heavy rain Wednesday.
The city of Portland, Maine, got 2.33 inches (5.92 centimeters) of rain Wednesday, breaking a record of 2.01 inches (5.1 centimeters) for the date set in 1887, the National Weather Service said.
Utility workers were deployed to handle power outages after winds peaked Wednesday night into Thursday. Nearly 90,000 customers in Maine had lost power as of Thursday morning, according to poweroutage.us.
A deepening low pressure system was responsible for winds that lashed the region, said Derek Schroeter, a forecaster with the National Weather Service. Some areas in Maine had wind gusts of over 50 mph (80 kph).
Forecasters were concerned about bombogenesis, or a “bomb cyclone,” marked by a rapid intensification over a 24-hour period.
“Is that what they’re calling it?” said Jen Roberts, co-owner of Onion River Outdoors sporting goods store in Montpelier, Vermont. She lamented that a five-day stretch of snowfall that lured ski customers into the store was being washed way, underscoring the region’s fickle weather. “But you know, this is New England. We know this is what happens.”
Ski resort operators called it bad luck as the holidays approach.
“We don’t say the ‘r-word’ around here. It’s a forbidden word,” said Jamie Cobbett, marketing director at Waterville Valley Resort in New Hampshire, which was pelted by rain on Wednesday. “We’re getting some moist wet weather today. We’ll put the mountain back together."
Skier Marcus Caston was waterlogged but shrugged it off. “The conditions are actually pretty good. The rain is making the snow nice and soft. It’s super fun,” he said while skiing at Vermont's Sugarbush.
More seasonal low temperatures suitable for snowmaking were returning Thursday.
New England wasn’t the only region experiencing wild weather. Heavy lake-effect snow was expected through Thursday in parts of Michigan, along the Lake Michigan shoreline, and dangerous cold enveloped parts of the Upper Midwest. In New York, Gov. Kathy Hochul on Wednesday declared a state of emergency in several counties in anticipation of heavy snowfall expected off of Lake Erie and Lake Ontario into Thursday.
But New England's weather brought the biggest variety, with the storm bringing a little bit of everything. It started early Wednesday with freezing rain. Then came a deluge of regular rain and warming temperatures — topping 50 degrees Fahrenheit in Portland, for example.
Alex Hobbs, a Boston college student, hoped that the weather wouldn't interfere with her plans to return home to San Francisco soon. "I’m a little worried about getting delays with heavy wind and rain, possibly snow,” she said Wednesday.
Associated Press writers Lisa Rathke in Waitfield, Vermont, Michael Casey in Boston, Kathy McCormack in Concord, New Hampshire, and Carolyn Thompson in Buffalo, New York, contributed to this story.
This Dec. 11. 2024 image provided by the National Oceanic and Atmospheric Administration (NOAA), shows a storm passing through the U.S. Atlantic east coast. (NOAA via AP)
Rain water from a winter storm flows through the empty parking lot near the Panorama lift at the Gunstock Mountain Resort ski area , Wednesday, Dec. 11, 2024, in Gilford, N.H. (AP Photo/Charles Krupa)
A man walks a dog as light rain falls during a winter storm, Wednesday, Dec. 11, 2024, in Concord, N.H. (AP Photo/Charles Krupa)
Ducks stand on the rain water covered ice on Adams Pond during a winter storm, Wednesday, Dec. 11, 2024, in Derry, N.H. (AP Photo/Charles Krupa)
A construction worker is bundled up in winter clothes while installing weather sheathing on a building during a rain storm, Wednesday, Dec. 11, 2024, in Derry, N.H. (AP Photo/Charles Krupa)
A jogger runs along the harbor as rain falls in Boston’s Seaport neighborhood on Wednesday Dec 11, 2024. (AP Photo/Michael Casey)
A person walks through the rain as a storm system and possible "bomb cyclone" hit the U.S. East Coast, Wednesday, Dec. 11, 2024 in Portsmouth, N.H. (AP Photo/Caleb Jones)
A person walks through the rain as a storm system and possible "bomb cyclone" hit the U.S. East Coast, Wednesday, Dec. 11, 2024 in Portsmouth, N.H. (AP Photo/Caleb Jones)
A tractor-trailer hauling a load of oranges sits on the side of the road after sliding off the Maine Turnpike early on Wednesday, Dec. 11, 2024, in New Gloucester, Maine. (AP Photo/David Sharp)
Rain and snow falls near the Presumpscot River in Falmouth, Maine as officials are watching for flooding on New England rivers, Wednesday, Dec. 11, 2024. (AP Photo/Patrick Whittle)
People walk through the rain as a storm system and possible "bomb cyclone" hit the U.S. East Coast, Wednesday, Dec. 11, 2024 in Portsmouth, N.H. (AP Photo/Caleb Jones)
A tractor-trailer hauling a load of oranges sits on the side of the road after sliding off the Maine Turnpike early on Wednesday, Dec. 11, 2024, in New Gloucester, Maine. (AP Photo/David Sharp)
Passengers disembark from a ferry in a steady downpour of rain in Boston’s Seaport neighborhood on Wednesday Dec. 11, 2024. (AP Photo/Michael Casey)
People walk through the rain as a storm system and possible "bomb cyclone" hit the U.S. East Coast, Wednesday, Dec. 11, 2024 in Portsmouth, N.H. (AP Photo/Caleb Jones)
A tractor-trailer hauling a load of oranges sits on the side of the road after sliding off the Maine Turnpike early on Wednesday, Dec. 11, 2024, in New Gloucester, Maine. (AP Photo/David Sharp)
