Share Name Share Symbol Market Type
Schneider Electric SE EU:SU Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 151.68 152.50 152.00 0.00 06:15:05

Rubicon Technology Sells Majority Stake in Uplight to Schneider Electric-Led Consortium

29/07/2021 6:51am

Dow Jones News

Schneider Electric (EU:SU)
Historical Stock Chart

From Jul 2021 to Jan 2022

Click Here for more Schneider Electric Charts.

By Fabiana Negrin Ochoa


Rubicon Technology Partners has completed the sale of its majority stake in Uplight, in a deal valuing the clean-energy software provider at $1.5 billion.

The shares were sold to a consortium of investors co-led by Schneider Electric SE and AES Corp., and a group led by Huck Capital, Rubicon Technology said late Wednesday.

The U.S. private-equity firm will continue to be a minority investor in Uplight, which provides software products aimed at helping utilities build clean-energy ecosystems by reducing baseload energy use, lowering customers' bills and advising on electric vehicle adoption, among other things.

Goldman Sachs & Co. advised Uplight on the deal.

Colorado-based Uplight was formed in 2019 via the merger of Tendril and Simple Energy.

The global market for sustainable energy tech and products could be worth more than $900 billion, Rubicon said, citing estimates from Nomura Greentech Capital.


Write to Fabiana Negrin Ochoa at fabiana.negrinochoa@wsj.com


(END) Dow Jones Newswires

July 29, 2021 01:43 ET (05:43 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

1 Year Schneider Electric Chart

1 Year Schneider Electric Chart

1 Month Schneider Electric Chart

1 Month Schneider Electric Chart
ADVFN Advertorial
Your Recent History
Schneider ..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20220127 06:46:09