L R AS Published on Tuesday 1 March 2022 - n° 395 - Categories:industrial strategy, miscellaneous financial

Schneider Electric has acquired part of the EnergySage business

Schneider Electric has acquired a majority stake in part of the EnergySage business.

EnergySage offers an online comparative marketplace for rooftop and community solar energy,

energy storage and project financing. This service is about making renewable energy accessible and affordable for everyone.

Schneider Electric has announced a partnership in 2020 with inverter manufacturer SolarEdge to develop a solution for scaling and optimising residential distributed energy resources such as solar power, energy storage and smart home devices.

https://www.pv-tech.org/solar-marketplace-energysage-sells-controlling-stake-to-schneider-electric/

PV Tech of 21 February 2022

Editor's note: The purpose of this acquisition is not mentioned. Is it to move closer to home automation and home equipment?

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