Schneider Electric S.E. (ENXTPA:SU) and Octopus Energy Group Limited agreed to acquire an unknown majority stake in Uplight, Inc. on March 24, 2026. Uplight will continue to operate as an independent platform. Schneider will remain as a significant minority partner.
The transaction is subject to approval by regulatory board / committee and is expected to complete later this year. As of May 19, 2026, the European Commission approved the acquisition of joint control of Uplight, Inc. by Octopus Energy Group Limited and Schneider Electric S.E. under the EU Merger Regulation.
Bob O'Connor, Jason Breen, Melissa Wright, Myra A. Sutanto Shen, Joy Cheng, Dana J. Hall, Michelle Yost Hale, Kimberley Biagioli, Andrew Morrison, Deirdre Carroll, Joshua F. Gruenspecht, Barath R. Chari, Michelle Wallin, Dani Nazemian, Jason M. Storck, Aren Balabanian, Nicholas Gladd, Todd G. Glass, and Matthew Staples of Wilson Sonsini Goodrich & Rosati, P.C. acted as legal advisor for Octopus Energy Group Limited.
Schneider Electric SE leads the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructures and Industries.
With a presence in more than 100 countries, Schneider Electric SE is the undisputed leader in power management - medium voltage, low voltage and secure energy, and automation systems. The company provides integrated efficiency solutions that combine energy management, automation and software.
The ecosystem it has built allows it to collaborate on its open platform with a large community of partners, integrators and developers to offer its customers both control and operational efficiency in real time.
Net sales are distributed geographically as follows: France (5.6%), Western Europe (17.7%), the United States (34.4%), North America (4%), China (11.5%), Asia/Pacific (14.6%) and other (12.2%).
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Investor
Investor
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Global
Global
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ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
