HOUSTON, March 12,
2025 /PRNewswire/ -- Amperon, a leading provider of
AI-powered energy forecasting and analytics solutions, today
announced a strategic investment from National Grid Partners, the
venture investment and innovation arm of National Grid (NYSE: NGG).
This investment will further accelerate Amperon's commercial
expansion across North America and
Europe, enhancing its ability to
provide best-in-class AI-powered energy forecasting and market
analytics to utilities, independent power producers, and energy
market participants.
The investment from National Grid Partners underscores the
growing demand for advanced AI-driven solutions that help utilities
and energy companies navigate the complexities of modern
energy markets. With increasing volatility in power markets and the
transition to a more distributed and decarbonized grid, Amperon's
platform helps its customers improve grid reliability, manage
financial risk, and optimize renewables.
"National Grid Partners offers a wealth of strategic value as an
investor," said Sean Kelly, CEO and
Co-Founder of Amperon. "Their deep industry expertise and
commitment to innovation make them an ideal partner as we continue
scaling our operations and expanding our footprint in key energy
markets. This investment allows us to accelerate our commercial
reach, particularly in the UK, where grid modernization and
resilience are at the forefront of the energy transition."
National Grid owns and operates the high voltage electricity
transmission network in England
and Wales as well as the UK's
largest electricity distribution network. It also serves more than
20 million people in New York and
Massachusetts.
In June 2024, Amperon expanded
into 15 European countries, solidifying its position as a leading
provider of energy forecasts. The company's AI-powered forecasting
models have outperformed many incumbents in accuracy, most notably
in France, Germany, Spain, Ireland, and the UK, enabling market
participants to optimize energy strategies and enhance grid
stability. With advanced machine-learning capabilities, improved
physics-based modeling, and new weather ensemble features, Amperon
continues to invest and improve its accuracy, with an average 10%
improvement in accuracy over the last six months.
"As the energy landscape becomes more complex and dynamic, the
need for accurate, real-time data and predictive insights has never
been more critical," said Raghuram
Madabushi, Investment Director at National Grid Partners.
"Amperon's AI-driven approach to forecasting is a perfect fit with
our vision for a smarter, more resilient grid – and this marks the
inaugural investment from our new, $100
million commitment to AI solutions advancing our energy
system. We believe Amperon will play a vital role in scaling
innovation across utilities, and we see significant potential for
their AI-powered solutions to enhance grid operations in both the
US and UK."
Amperon has established itself as a trusted partner for energy
retailers, utilities, and independent power producers, such as
Ørsted, Axpo, AES, and Rhythm Energy, delivering AI-powered
forecasts that enable real-time, data-driven decision-making. By
providing precise insights, Amperon helps its customers manage
resources more effectively and stay ahead in a rapidly evolving
energy landscape. Now, with the support of National Grid and
National Grid Partners, Amperon will further enhance its product
offerings, expand its UK presence, and solidify its position as the
go-to platform for energy forecasting services.
About Amperon
Amperon is the leading energy forecasting company, positioned at
the intersection of energy data and AI. Founded in 2018, Amperon
has become a trusted partner to power and utility companies,
delivering demand, renewable generation, and price forecasts. With
cutting-edge predictive analytics, seamless data integrations, and
premium customer support, Amperon enables customers to enhance grid
reliability and optimize asset performance. Committed to grid
modernization, Amperon is the forecasting company of the energy
transition.
For more information about Amperon, visit www.amperon.co.
About National Grid Partners
National Grid Partners is the venture investment and innovation
arm of National Grid plc., one of the world's largest
investor-owned energy companies. By providing corporate venture
capital, business development counsel and direct integration with
National Grid's innovation teams, National Grid Partners is
accelerating the energy transition and helping new technologies
reach critical scale faster. We also convene the NextGrid Alliance
(www.ngalliance.energy), a network of senior innovation executives
from more than 120 worldwide utility companies focused on
harnessing the industry's latest technologies. Headquartered in
Silicon Valley, National Grid Partners has offices in Boston, London, and New
York. Visit ngpartners.com or follow us on X and
LinkedIn.
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SOURCE Amperon
