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Uplight
Uplight manages 8.5 GW of flexible load through an AI-powered platform serving 80+ utilities — turning customer devices into virtual power plants.
Uplight
Uplight operates from Boulder, Colorado, with additional offices in Somerville, Redwood City, and Pune, and has scaled to roughly 450 professionals serving over 80 energy providers. The company is backed by a strategic investor group of Octopus Energy Group, Schneider Electric, and AES, aligning a global energy retailer, an industrial automation giant, and a power producer around its platform. It holds B Corp certification, a structural signal that governance integrates social and environmental performance into its legal charter. Uplight's platform orchestrates an integrated demand stack across energy efficiency and electrification, rate plan adoption, and demand management. On the supply side, it connects distributed energy resources — smart thermostats, solar arrays, EV chargers, and water heaters — into virtual power plants that deliver predictable flexible load. The company reports 268 million annual customer touchpoints and a network of 65+ ecosystem partners spanning utilities, retailers, and OEMs. Active geographies include North America, Europe, and Asia. The firm claims 8.5 GW of flexible load under management and partnerships with over 65 technology and delivery providers. Its leadership roster includes Chief Technology Officer Jesse Demmel, previously CTO at Sovrn, and Chief People Officer Michelle Anastasi, who held roles at Ibotta and Dell. In 2024, Guidehouse named Uplight a Leader in Customer Engagement and DERMS, and Wood Mackenzie recognized it as a North America VPP Leader — third-party validations that double as procurement signals to regulated utilities. Structurally, Uplight's position as a pure technology provider — rather than a project developer or asset owner — distinguishes it from many energy-transition firms. It does not invest in physical generation assets; it sells software and managed services that help regulated utilities monetize customer-sited devices. This capital-light model, backed by corporate investors who are also platform customers, creates a built-in distribution channel that independent clean-tech startups cannot replicate.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Boulder
Corporate office
2490 Junction Place, Suite 300, Boulder, CO 80301, United States
Additional offices
Somerville, MA, United States · Redwood City, CA, United States · Pune, India
Principals
Hannah Bascom
General Manager
Michelle Anastasi
Chief People Officer
Jesse Demmel
Chief Technology Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Uplight?
Uplight is an operating company, not an investment firm, so it does not have a CIO or investment committee allocating capital to external funds. Strategic direction is set by General Manager Hannah Bascom, who oversees the Growth team. The company is backed by corporate strategic investors — Octopus Energy Group, Schneider Electric, and AES — who influence major capital and product decisions through board-level governance.
How does Uplight source its client base?
Uplight sells directly to regulated utilities, energy retailers, and OEMs across North America, Europe, and Asia. Its distribution is reinforced by strategic investors: Schneider Electric and AES are both customers and channel partners, providing Uplight with embedded access to utility procurement cycles that standalone software vendors typically lack.
Is Uplight structured as a single family office or an asset manager?
Uplight is a venture-backed, growth-stage technology company — not a family office or traditional asset manager. It employs over 450 people and generates revenue by licensing its customer engagement and flexibility management platform to energy providers. Any capital allocation activity would relate to corporate development rather than portfolio management.
Does Uplight participate in fund commitments or only direct deals?
Uplight does not operate as an institutional allocator and has no publicly known fund investment program. As a corporate entity, its capital activity centers on raising equity from its strategic backers and deploying operating capital into product development and market expansion.
What is Uplight's known posture on co-investments alongside external GPs?
Uplight has not disclosed any co-investment or limited partner activity. Its relationship with Octopus Energy Group, Schneider Electric, and AES is corporate rather than limited-partner-driven, meaning governance flows through board seats and commercial agreements, not GP-LP co-invest structures.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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