Arcadia acquires Urjanet to accelerate the transition to a zero-carbon economy

ANI
24 May 2022, 19:48 GMT+10

Washington/ Atlanta [US]/ Chennai (Tamil Nadu) [India], May 24 (ANI/PRNewswire):Urjanet's global data access will integrate with Arcadia's industry-leading data and API platform,Urjanet significantly expands Arc's data coverage in the US to more than 95 per cent of residential and commercial accounts and globally across more than 9,500 utilities, including electric, gas, water, and waste, in 52 countries. This access to global, high-fidelity energy data will allow businesses around the world to leverage its network effects and enable a wide range of use cases, including energy optimization, renewable energy, payments, and carbon accounting.

Today,"Urjanet has built a fantastic business capturing utility data across 30 per cent of the Fortune 500. With Urjanet joining Arcadia, we will be able to serve customers globally with the most comprehensive software solution in climate tech," said Kiran Bhatraju, CEO of Arcadia. "Without data access, it will be impossible to meet the urgency and size of the climate crisis. Through our combined capabilities, Arc will help companies in every industry plan for and act on their climate responsibilities, pulling forward a zero-carbon future.""When I met Kiran a few years ago, it was clear that Arcadia and Urjanet shared one of the most important visions in the decarbonization movement: democratizing access to energy data," said Sanjoy Malik, CEO of Urjanet. "We can now work together to accelerate the energy transition and help companies achieve their sustainability goals."Today's announcement adds to Arcadia's significant recent momentum. The company delivered 155 per cent YOY organic revenue growth in 2021, launched theRead more about Urjanet joining Arcadia from Bhatraju on Arcadia's blog. To learn more about Arcadia and the Arc platform, please visitFounded in 2014 on the belief that everyone deserves access to clean energy, Arcadia also manages the nation's leadingThis story is provided by PRNewswire. ANI will not be responsible in any way for the content of this article. (ANI/PRNewswire)