EDP and NET2GRID sign strategic agreement at Web Summit 2019 in Lisbon

Lisbon, November 7, 2019. During the Web Summit 2019, the best technology conference on the planet, EDP and NET2GRID signed a strategic agreement.

NET2GRID, a Dutch based company that provides real time energy data analysis (energy insights and bill disaggregation services), announced a strategic investment led by EDP Ventures, the venture capital arm of EDP group. This investment follows an ongoing development partnership with EDP, that allows for real-time access to data and to increase data granularity from the smart meters with a factor of 1,000.

Through NET2GRID, EDP can complement its services offer to consumers in Portugal. The Non-Intrusive Load Monitoring technology is giving EDP customers insights in energy consumption and efficiency of individual appliances, without the need for sub metering.