On November 29, 2023, SparkMeter, a provider of grid management services, equipment, and software solutions that increase access to reliable electricity in underserved communities across Africa, Asia, and the Americas, announced a strategic $5 million investment and global partnership with Honeywell Smart Energy, one of the largest utility digital solution providers in the world. Wilson Sonsini Goodrich & Rosati advised SparkMeter on the transaction.

Under the partnership, Honeywell Smart Energy will provide its base of U.S. utility customers with SparkMeter’s integrated approach to cloud-based metering and operational analytics software and offer SparkMeter’s metering hardware to large emerging market countries.

SparkMeter's modern industrial IoT technology platform provides a first-of-its-kind end-to-end metering and operational analytics solution compatible with any Advanced Metering Infrastructure (AMI). With SparkMeter's technology and product offerings, utilities can circumvent electricity and revenue loss due to load management or payment challenges, and begin to plan for new grid dynamics such as DERs and EV chargers. SparkMeter is currently operating in more than 25 countries worldwide.

The Wilson Sonsini team that advised SparkMeter on the transaction includes:

Corporate
Bob O’Connor
Rich Evans
Steven Song
Karen Becker

Technology Transactions
Rob Parr
Rod Valle

For more information, please see SparkMeter’s news release.