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Smart metering solutions for minigrid utilities
sparkmeter.ioLast updated
In short: SparkMeter sold its Praxis data platform to Honeywell, raised $10M in funding, and transitioned its emerging markets operations to EarthSpark.
The team ensured service continuity for 74 minigrid operators, cut costs by 25%, doubled issue resolution speed, restarted hardware production, and addressed meter backlogs. They plan open sourcing for sustainability.
EarthSpark will manage assets, customer relationships, and support while engaging stakeholders in future product direction. The transition secures service for nearly 1 million people across 30 countries.
The sale includes software applications GridFin and GridScan. Honeywell will integrate Praxis with its utility solutions to expand reach. SparkMeter continues serving emerging markets.
Honeywell will integrate the AI-driven platform into its Forge Performance+ ecosystem to expand utility operations across North America. The platform enhances grid planning, automates financial operations, and provides data insights.
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