Arcadia acquires energy consultancy Engie Impact

Arcadia, a Washington, DC-based provider of energy intelligence software for businesses, has agreed to acquire Engie Impact, the utility expense and data management, energy procurement, and sustainability advising arm of French electric utility firm Engie.

The transaction will combine Arcadia’s AI-powered utility data platform with Engie Impact’s global operational scale and 30-year track record to create a unified solution for businesses to manage utility data – from bill payment to energy procurement.

The combined firm will serve more than 1,500 enterprise clients – including a quarter of the Fortune 500 – and manage more than 4.5 million meters and process more than $30-billion in annual utility payments.

“By combining Arcadia’s technology with our proven infrastructure and subject-matter expertise, we can deliver a level of transparency and efficiency that was previously out of reach in energy management,” said Paige Janson, CEO of Engie Impact.

Engie Impact was founded in 1996 and has more than 1,000 employees listed on LinkedIn. The Paris-based firm provides services in utility expense management, sustainability strategy, and total waste management to clients such as FedEx, Cargil, and UnitedHealthcare.

Arcadia was founded in 2014 and provides enterprise solutions for utility bill management, energy procurement advisory, and sustainability reporting. The firm has more than 1,100 employees listed on LinkedIn.

“Enterprises have tried for too long to navigate fractured energy management processes on their own,” said Kiran Bhatraju, founder and CEO of Arcadia. “Together with ENGIE Impact, we’re fixing that. Our AI-powered platform roots out wasted spend, manual work, and missed opportunities, allowing businesses to save time and money at a moment of incredible volatility in energy markets.”