AutoGrid Achieves Stringent SOC 2 Compliance
Independent audit confirms AutoGrid meets world-class security compliance standards
REDWOOD CITY, CA—January 12, 2018: AutoGrid, the leading provider of flexibility management software for the energy industry, today announced that it has achieved Service Organization Control 2 (SOC 2) compliance status, validating its security, confidentiality and accessibility controls. The examination by an independent auditing firm provides details on the stringent SOC 2 security standards that make AutoGrid a trusted partner for utilities, electricity retailers, energy service providers and owners of large energy asset portfolios.
As part of the compliance process, the successful completion of this nearly year-long independent audit confirms AutoGrid’s ongoing commitment to upholding the highest level of security and compliance for its customers and partners, according to Dr. Amit Narayan, CEO of AutoGrid.
“As the developer of the leading platform for flexibility management on the electric grid, we place the highest priority on the security of our customer data,” Narayan said. “This rigorous certification validates how we build security into every aspect of our platform and deploy controls to allay risks and maintain the highest levels of security and availability. Our customers trust us with their valuable data, and this certification confirms their confidence, knowing a third party has reviewed and confirmed our security standards.”
Developed by the American Institute of Certified Public Accountants (AICPA), SOC 2 defines criteria for managing customer data based on five trust service principles: security, availability, processing integrity, confidentiality, and privacy. The SOC guidelines provide an authoritative and independent benchmark for AutoGrid to demonstrate implementation of proper control procedures and practices.
The SOC 2 audit was conducted by Frank, Rimerman + Co. The report is available upon request under NDA.
AutoGrid builds software applications that enable a smarter distributed energy world. The company’s suite of flexibility management applications allows utilities, electricity retailers, renewable energy project developers and energy service providers to deliver cheap, clean and reliable energy by managing networked distributed energy resources (DERs) in real time and at scale. AutoGrid applications are all built on the AutoGrid Energy Internet Platform™ (EIP™), with patented Predictive Controls™ technology that leverages petabytes of smart meter, sensor and third-party data, along with powerful data science and high-performance computing algorithms, to monitor, predict, optimize and control the operations of millions of assets connected across global energy networks.
AutoGrid has more than 2,500 megawatts of DERs under contract with more than 30 global energy companies around the world. Several of the world’s leading energy companies, such as National Grid, E.ON, Florida Power & Light, Southern California Edison, Eneco, Portland General Electric, CPS Energy, New Hampshire Electric Cooperative and NextEra Energy, are using AutoGrid’s software to improve their operations, integrate renewables and drive deeper engagement with their customers. AutoGrid has been recognized with several prestigious industry awards including the 2016 Energy Productivity Innovation Challenge (EPIC), Greentech Media’s Grid Edge Award 2016, Bloomberg New Energy Pioneer 2016, World Economic Forum Technology Pioneer 2015, Red Herring Top 100 North America 2017, 2017 Cleantech Global 100 and Industrial Innovation Company of the Year 2014 by the Cleantech Group.