ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Bihar Strengthens Digital Transformation with Bidgely’s AI-Driven Power Solutions

South Bihar signs agreement with REC and Bidgely to bolster consumer services and optimise energy management

South Bihar Power Distribution Company Limited (SBPDCL) has signed an agreement with REC and Bidgely to implement artificial intelligence (AI) and machine learning-powered solutions aimed at enhancing consumer services, reducing losses from theft and ensuring a more efficient and sustainable power supply.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250212395564/en/

Bihar deploys Bidgely's artificial intelligence solutions to enhance consumer services, reduce theft and ensure a more efficient power supply. (Graphic: Business Wire)

Bihar deploys Bidgely's artificial intelligence solutions to enhance consumer services, reduce theft and ensure a more efficient power supply. (Graphic: Business Wire)

“Providing effective energy analytics to consumers in real-time is an important step towards modernization of Bihar’s power distribution sector. Through REC’s support and Bidgely’s AI-powered analytics technology, we aim to increase transparency, improve billing accuracy and motivate consumers to use electricity in an economical manner,” said Mahendra Kumar, MD, SBPDCL.

The value of Bidgely’s AI-powered data solutions was first recognized during the Ministry of Power’s flagship Powerthon 2022, a hackathon event aimed at identifying advanced solutions for power distribution challenges. During the event, Bidgely demonstrated how its Energy Theft Solution analyzes smart meter data to identify usage patterns over a period of time and detect anomalies associated with high probability theft tendencies of meter tampering and bypassing as well as leakages in tariff misuse and other non-technical loss.

Bihar has since actively leveraged Bidgely’s technology to curb losses and drive efficiency, having successfully flagged over 136 potential cases of theft in the first month of usage alone.

Now, the Ministry of Power has extended its support of Bihar’s progressive technology investment, enabling Bihar to further capitalize on Bidgely’s ability to enrich meter data with AI. This includes granular, hour-by-hour appliance-level insights into consumer energy usage, enabling optimized grid performance and empowering consumers with actionable energy-saving information.

“Bihar has been at the forefront of modernizing India’s power sector through strategic smart meter adoption. Bidgely is honored to be part of Bihar’s transformation journey and is committed to bringing our AI expertise and global experience in technological innovation to build a smarter, more resilient power infrastructure for the future,” said Abhay Gupta, CEO of Bidgely.

To learn more about Bidgely’s AI technology for driving greater customer engagement, visit: bidgely.com/solutions/customer-engagement.

About Bidgely

Bidgely is an AI-powered SaaS Company accelerating a clean energy future by enabling energy companies and consumers to make data-driven energy-related decisions. Powered by our unique patented technology, Bidgely's UtilityAI™ Platform transforms multiple dimensions of customer data - such as energy consumption, demographics, and interactions - into deeply accurate and actionable consumer energy insights. We leverage these insights to empower each customer with personalized recommendations, tailored to their individual personality and lifestyle, usage attributes, behavioral patterns, purchase propensity, and beyond. From a distributed energy resources (DER) and grid edge perspective, Bidgely is advancing smart meter innovation with data-driven solutions for solar PVs, electric vehicle (EV) detection, EV behavioral load shifting and managed charging, energy theft, short-term load forecasting, grid analytics, and time of use (TOU) rate designs. Bidgely’s UtilityAI™ energy analytics provides deep visibility into generation and consumption for better peak load shaping and grid planning, and delivers targeted recommendations for new value-added products and services. With roots in Silicon Valley, Bidgely has over 16 energy patents, $75M+ in funding, retains 30+ data scientists, and brings a passion for AI to utilities serving residential and commercial customers around the world. For more information, please visit www.bidgely.com or the Bidgely blog at bidgely.com/blog.

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  226.50
-4.32 (-1.87%)
AAPL  271.01
-0.85 (-0.31%)
AMD  223.47
+9.31 (4.35%)
BAC  55.95
+0.95 (1.73%)
GOOG  315.32
+1.52 (0.48%)
META  650.41
-9.68 (-1.47%)
MSFT  472.94
-10.68 (-2.21%)
NVDA  188.85
+2.35 (1.26%)
ORCL  195.71
+0.80 (0.41%)
TSLA  438.07
-11.65 (-2.59%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.