CTSS Episode 11: Amperon
Providing demand intelligence for retail energy stakeholders
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Amperon provides real-time energy demand forecasting for energy retailers, utilities, grid operators and traders. Founded in 2017, the company is tackling the problem whereby energy retailers and utilities lose 8 - 12% of their revenues (on $200B sold) annually due to poor electricity demand intelligence. An outcome of this lack of demand visibility is billions lost in retailer margins, higher electricity costs, and inefficient grid operations that yield a greater carbon footprint. The problem is rooted in the analog meters that retailers use traditionally, as the data resolution is intermittent and prone to errors. Amperon addresses this by sourcing its data from smart meters, which provide a near real-time feed on demand and are 2-3x more accurate.
CTO Abe Stanway walks me through a company overview and how Amperon is helping energy stakeholders to maximize their revenues while driving efficiencies through the grid.
Enjoy the show!
Synopsis
Mission: Amperon builds electricity demand forecasts from smart meter data for utilities, energy retails, grid operators, and traders.
Team:Abe Stanway (Co-Founder & CTO); Sean Kelly (Co-Founder & CEO)
Product: A suite of visualizations, serving models that forecast electricity usage on a per-meter level for an entire service territory, updated hourly, over short and long term durations.
Traction: Raised $2.7M across a pre-seed and a seed round; product has paying customers across ERCOT, PJM, and Australia; currently focused on expanding into new grid regions
Jobs: Sr. Machine Learning Engineer, Sales Development Representative