O’Melveny has represented AutoGrid, a specialist in flexibility management software for the energy industry, in an equity investment from Shell Ventures. The deal closed on 18 January.
This funding is an extension of a Series D investment round announced in September from a consortium of energy companies that includes CLP Group, innogy, National Grid, Ørsted, Tenaska, Energy Impact Partners, Envision Ventures, and Total Energy Ventures. The investment will help drive AutoGrid’s deployment of its energy industry software, AutoGrid’s Energy Internet Platform and AutoGrid Flex.
Based in Redwood City, CA, AutoGrid offers flexibility management applications that allow utilities, electricity retailers, renewable energy project developers and energy service providers to deliver clean, affordable and reliable energy by managing networked distributed energy resources (DERs) in real time and at scale. AutoGrid has more than 5,000 megawatts of DERs under contract with Xcel Energy, National Grid, E.ON, CPS Energy, Total, NextEra Energy and over 35 other leading energy companies around the world.
The O’Melveny team was led by Silicon Valley partner Paul Sieben and associate Bhavreet Gill.
