AutoGrid Systems tries to decipher smart meter data

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MIT Technology Review says that despite investing millions of dollars in smart meters, utilities have yet to fully capitalize on the data these two-way meters produce. Then it points to a startup that is addressing this shortcoming: AutoGrid Systems.

Using data analytics, startup AutoGrid Systems seeks to make sense of and monetize the streams of data from smart meters, and sensors.

The Palo Alto, Calif.-based company has raised $9 million from venture capital firms and Stanford University as well, as well as from grants from the Department of Energy's ARPA-E agency and the California Energy Commission.