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Retail Supplier Parent to Acquire Majority Stake in Uplight
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Octopus Energy Group said that Octopus, "will cement its expansion in the U.S.," by acquiring a majority stake in Uplight, a provider of customer engagement and flexibility management solutions which facilitate customer-centric load flexibility
The deal is made in partnership with Schneider Electric, which will remain as a significant minority partner, Octopus said
The transaction is subject to customary regulatory approvals and is expected to be completed later this year.
Uplight serves over 85 utilities across North America, including eight of the ten largest in the U.S., and manages over 8.5 gigawatts of flexible load, facilitating demand response, distributed energy resource management, and customer engagement solutions for millions of customers.
Uplight will continue to operate as an independent platform focused on customer-centric flexibility management.
"The investment in Uplight means Octopus Energy will bring this expertise into the U.S. market at scale by working directly with utilities to unlock flexible capacity and support more resilient power systems," Octopus said
Octopus said that the partnership brings together:
• "Octopus Energy’s consumer innovation and global flexibility expertise"
• "Uplight’s established U.S. utility relationships and proprietary engagement and flexibility technology"
• "Schneider Electric’s global leadership in advanced distribution management systems (ADMS) and its OneDERMS platform, helping connect demand-side flexibility with grid operations and manage increasingly dynamic power systems"
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March 24, 2026
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Copyright 2026 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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