Bidgely hits record sales milestone in 2023

Bidgely hits record sales milestone in 2023

- Company extended end-to-end UtilityAI™ offerings to energy providers throughout North America, Europe, Australia, India and the United Arab Emirates

LOS ALTOS, Calif.--(BUSINESS WIRE)-- Bidgely today announced that, in 2023, the company achieved its highest ever new annual sales. A significant proportion of this uptick was driven by Bidgely’s existing customer base expanding their adoption of Bidgely’s energy artificial intelligence (AI) solutions. The company also closed its largest new customer sales, entering partnerships with nearly a dozen new energy providers in new regions and markets around the world. With this growth, Bidgely is well-positioned to become profitable in 2024.

“The increasing number of customers choosing to expand their solutions across multiple grid and customer use cases with us proves utilities prefer and value a well-designed platform approach. They’re accomplishing the same outcomes from one vendor with less IT burden and lower costs overall,” said Abhay Gupta, CEO of Bidgely. “To this effect, we continue to see utilities combine programs into one consolidated journey to bridge the gap between the customer and grid sides of the meter.”

For example, one East Coast utility is expanding its partnership with Bidgely to execute an end-to-end energy efficiency solution that aligns with new time-of-use (TOU) regulatory priorities