WASHINGTON,D.C., August 20, 2025 – SparkMeter, a global provider of grid management services and solutions that increase access to reliable electricity, today announced the strategic sale of software applications, GridFin and GridScan, and the Praxis platform to Honeywell.
The Praxis platform, developed over the past several years for the U.S. market, has demonstrated strong traction with utilities seeking to modernize their grid operations and financial management. The AI-driven data engineering platform enables utilities to integrate disparate systems data into actionable insights, helping them navigate today's complex energy landscape marked by surging demand, aging infrastructure, and rising costs.
"This represents an exciting evolution for the technology we've built," said Dan Schnitzer, CEO and Co-founder ofSparkMeter. "Through Honeywell's extensive utility customer base and integration with Honeywell Forge Performance+ for Utilities, the Praxis platform will be able to reach and serve far more utilities than we could achieve independently. This strategic sale ensures the technology will have maximum impact in helping utilities modernize their operations."
SparkMeter will continue to serve its emerging markets customers with existing hardware and software solutions. The company plans to share additional strategic updates in the coming weeks regarding the evolution of its global operations.
This transaction reflects SparkMeter's commitment to ensuring its technology achieves maximum impact in modernizing utility operations, whether in emerging markets or the rapidly evolving U.S. energy landscape.
About SparkMeter
SparkMeter is a global gridtech provider that helps utilities modernize, maximize and monetize their assets. Through its AI-driven platform Praxis and its industrial IoT applications, GridScan and GridFin, SparkMeter identifies underperforming assets, automates labor-intensive activities and suggests new strategies that increase utilities' bottom lines. SparkMeter is supported by world-class investors, technology partners and global organizations, including: Breakthrough Energy Ventures, AWS, CleanEnergy Ventures, Mission 300, Power Africa, and more.
Media Contact
contact@sparkmeter.io
