[April 09, 2018]

Bidgely Wins Bloomberg New Energy Pioneer Award for its Artificial Intelligence Solutions for Global Utilities

Bidgely is today being recognized for pioneering AI disaggregation solutions for utilities with a 2018 New Energy Pioneer Award from Bloomberg New Energy Finance. The company's strong global traction with more than 25 utilities in 12 countries and its innovation around the highly scalable Bidgely Platform will be honored at the Bloomberg Future of Energy Summit, held in New York City.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180409005500/en/

Bidgely applies Artificial Intelligence to help utilities personalize the energy experience for consumers around the world - bringing machine learning and data analytics to utility meter data to reveal hidden insights that benefit both utilities and consumers. (Photo: Business Wire)

Bidgely co-founder and CEO Abhay Gupta will be accepting the award on behalf of the company at the Summit this evening. He commented, "Bdgely applies Artificial Intelligence to help utilities personalize the energy experience for consumers around the world. We celebrate becoming a Bloomberg (News - Alert) New Energy Pioneer, an honor which recognizes our ability to solve real-world utility business challenges like digital transformation and a rapidly evolving energy landscape."

An independent panel of industry experts, assisted by BNEF's analysts and technology specialists, selected the ten winners from more than 160 applicants from close to 50 countries around the world. Each candidate was assessed against three criteria: technology or business model innovation, and what novelty it brought to the market; evidence of substantive progress in the form of strong commercial partnerships, the distribution channels in place and sales growth; and the potential to scale and have a global impact.

Bidgely stood out from the applicant pool for how the company has responded to changes and disruption in the energy system - bringing machine learning and data analytics to utility meter data to reveal hidden insights that benefit both utilities and consumers. For example, Bidgely recently announced a partnership with large investor owned utility NV Energy to bring personalized energy-saving recommendations and reinvent its home assessment offering for its customers.

The company has raised a total of $51 million in funding, having just closed a $27M Series C round of financing, led by Georgian Partners.

For more about the Bidgely Platform, visit: http://bidgely.com/solutions/.

About Bidgely

Bidgely is transforming the way customers interact with their energy use. By combining the power of SaaS (News - Alert)-based analytics with consumer-friendly web and mobile applications, Bidgely provides personalized and actionable insights that help customers save energy and enable utilities to build enduring customer relationships. The company works with utilities serving residential customers around the world. For more information, please visit www.bidgely.com or the Bidgely blog at bidgely.com/blog.

About Bloomberg New Energy Finance

Bloomberg New Energy Finance (BNEF) is an industry research firm focused on helping energy professionals generate opportunities. With a team of 200 experts spread across six continents, BNEF provides independent analysis and insight, enabling decision-makers to navigate change in an evolving energy economy.

Leveraging the most sophisticated new energy data sets in the world, BNEF synthesizes proprietary data into astute narratives that frame the financial, economic and policy implications of emerging energy technologies.

Bloomberg New Energy Finance is powered by Bloomberg's global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.

Visit https://about.bnef.com/ or request more information https://about.bnef.com/contact/.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180409005500/en/

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