Uplight Achieves 58% Growth in 2020 With Customer Expansions, New Technology Programs

Uplight, the technology partner of energy providers transitioning to the clean energy ecosystem, announced 2020 pro forma results, including year-over-year organic ARR growth of 58%. In spite of challenges caused by COVID-19, Uplight continued its strong growth trajectory, accelerating in both new technology sales as well as expanding operations to deliver many new projects in 2020. In addition to the company's impressive growth, Uplight posted a year-end profit for its shareholders, displaying a standard of business sustainability and growth rarely achieved by technology companies.

Uplight's strong year included major expansions in many of its clients including AES, AVANGRID, Consumers Energy and Southern Company. Through the year, Uplight collaborated with many of its clients to help guide customers to energy savings and alternate bill payment programs as they spent more time at home or faced financial hardship, saving those customers an estimated $390 million on their energy bills. During the pandemic, Uplight also partnered with manufacturers like Google to deploy innovative helpful programs for its clients, offering free smart thermostats to help customers achieve energy saving and bill savings. These programs also used Uplight's large-scale demand control capabilities to lay the groundwork for utility decarbonization. These expansions also provide further validation to Uplight's strategy to create enterprise relationships with its customers that go beyond traditional energy efficiency and demand management objectives to also deliver on more strategic energy provider objectives like delivering renewable and sustainable energy.

"In 2020, I was amazed by our team's focus in executing our vision of a full service technology partner and platform that energy providers and their ecosystems can rely on for the long haul of decarbonization. We grew even faster than before while scaling our operations in a sustainable and profitable manner," said Adrian Tuck, CEO of Uplight. "However, I'm most proud that our size and independence meant that we could be there for our clients and their energy customers through one of the most challenging years in decades. It's never been more important for energy providers to deliver for customers today while also working towards achieving the climate goals of tomorrow."

To support this growth, Uplight is adding more than 80 new staff across all roles to its growing team in the beginning of 2021. The new team additions span engineering, data science, customer success and customer operations. Interested applicants should visit Uplight.com/careers to learn more about opportunities and apply.

"2021 is shaping up to be an even bigger year for Uplight and its clients," said Mr. Tuck. "We see more and more energy providers focused on aggressive carbon reduction goals. They know that customers are essential participants in that journey, and have been active partners with us in developing our platform, partnerships and some exciting new applications to make that possible. There are big doors opening for us all on our path to a sustainable grid for our communities."

About Uplight

Uplight is powering the customer energy experience for more than 80 electric and gas utilities around the globe. Uplight provides the market's leading energy applications for Demand Side Management, Energy Analytics, Disaggregation, Utility Marketplaces, Utility Personalization, Home Energy Management, Demand Response, and more. Connected by a unique Energy Personalization Architecture, Uplight's platform blends advanced data science with energy-specific analytics, enabling utilities to create the personalized customer experiences that improve customer satisfaction, reduce service costs, increase revenue, and deliver sustainable energy outcomes?all in a simple, fast and cost-effective way. A certified B Corporation, Uplight is on a mission to build a more sustainable future by accelerating the clean energy ecosystem. To learn more, visit us at www.uplight.com, find us on Twitter @Uplight or on LinkedIn at https://www.linkedin.com/company/uplightenergy.