Can AI chips make the grid smarter? Utilidata raises $60M to find out.

Jeff St. John | Source: Canary Media | Posted 04/30/2025

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Utilidata and Nvidia think their AI-enabled smart meters can help solve tricky grid challenges, from growing data center demand to more rooftop solar and EVs.

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Utilidata, a Rhode Island-based grid technology company, has raised $60.3 million to enhance its AI-driven solutions for managing power grids. The company is developing 'edge AI intelligence' through smart meters and grid control devices equipped with advanced chipsets from Nvidia. These devices are designed to process large volumes of data and make rapid decisions, which can help utilities navigate the complexities of modern energy demands.

With this funding, Utilidata aims to expand its technology deployment in collaboration with various utility partners. Their projects focus on integrating distributed energy resources like solar panels and electric vehicle chargers into the grid, enhancing real-time data collection and autonomous decision-making capabilities. As Utilidata continues to innovate, it seeks to position itself at the forefront of the evolving energy landscape, emphasizing the importance of AI in the future of utility infrastructure.

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Source Link: https://www.canarymedia.com/articles/climatetech-finance/ai-grid-utilidata-nvidia

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Can AI chips make the grid smarter? Utilidata raises $60M to find out.

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