Amperon Secures Strategic Investment from National Grid Partners to Accelerate AI-powered Energy Forecasting Solutions
Amperon, an AI-powered energy forecasting solutions provider, has secured a strategic investment from National Grid Partners, the venture arm of National Grid (NYSE: NGG). The funding will accelerate Amperon's expansion across North America and Europe, marking the first investment from National Grid Partners' new $100 million AI solutions commitment.
The company expanded into 15 European countries in June 2024 and has demonstrated superior forecasting accuracy, achieving a 10% improvement over the last six months. Amperon's AI-powered platform serves major clients including Ørsted, Axpo, AES, and Rhythm Energy, helping them optimize energy strategies and enhance grid stability.
The investment aims to strengthen Amperon's presence in key markets, particularly in the UK, where National Grid operates the high voltage electricity transmission network and serves over 20 million people in New York and Massachusetts.
Amperon, fornitore di soluzioni di previsione energetica basate sull'IA, ha ottenuto un investimento strategico da National Grid Partners, il braccio di venture capital di National Grid (NYSE: NGG). Il finanziamento accelererà l'espansione di Amperon in Nord America e in Europa, segnando il primo investimento dal nuovo impegno di $100 milioni di National Grid Partners nelle soluzioni di IA.
L'azienda si è espansa in 15 paesi europei a giugno 2024 e ha dimostrato una superiorità nella precisione delle previsioni, raggiungendo un miglioramento del 10% negli ultimi sei mesi. La piattaforma basata sull'IA di Amperon serve clienti importanti tra cui Ørsted, Axpo, AES e Rhythm Energy, aiutandoli a ottimizzare le strategie energetiche e migliorare la stabilità della rete.
L'investimento mira a rafforzare la presenza di Amperon in mercati chiave, in particolare nel Regno Unito, dove National Grid gestisce la rete di trasmissione di elettricità ad alta tensione e serve oltre 20 milioni di persone a New York e nel Massachusetts.
Amperon, proveedor de soluciones de pronóstico energético impulsadas por IA, ha asegurado una inversión estratégica de National Grid Partners, el brazo de capital de riesgo de National Grid (NYSE: NGG). La financiación acelerará la expansión de Amperon en América del Norte y Europa, marcando la primera inversión del nuevo compromiso de $100 millones de National Grid Partners en soluciones de IA.
La empresa se expandió a 15 países europeos en junio de 2024 y ha demostrado una precisión de pronóstico superior, logrando una mejora del 10% en los últimos seis meses. La plataforma impulsada por IA de Amperon atiende a importantes clientes, incluidos Ørsted, Axpo, AES y Rhythm Energy, ayudándoles a optimizar sus estrategias energéticas y mejorar la estabilidad de la red.
La inversión tiene como objetivo fortalecer la presencia de Amperon en mercados clave, particularmente en el Reino Unido, donde National Grid opera la red de transmisión de electricidad de alta tensión y atiende a más de 20 millones de personas en Nueva York y Massachusetts.
Amperon은 AI 기반 에너지 예측 솔루션 제공업체로, National Grid Partners로부터 전략적 투자를 확보했습니다. National Grid(NYSE: NGG)의 벤처 부문인 이 자금은 Amperon의 북미 및 유럽 확장을 가속화할 것이며, National Grid Partners의 새로운 1억 달러 AI 솔루션 투자 계획의 첫 번째 투자입니다.
회사는 2024년 6월에 15개 유럽 국가로 확장하였고, 지난 6개월 동안 10%의 예측 정확도 향상을 보여주었습니다. Amperon의 AI 기반 플랫폼은 Ørsted, Axpo, AES 및 Rhythm Energy와 같은 주요 고객에게 서비스를 제공하여 에너지 전략을 최적화하고 그리드 안정성을 향상시키는 데 도움을 줍니다.
이번 투자는 Amperon이 주요 시장, 특히 National Grid가 고압 전력 전송 네트워크를 운영하고 뉴욕과 매사추세츠에서 2000만 명 이상에게 서비스를 제공하는 영국에서의 입지를 강화하는 것을 목표로 하고 있습니다.
Amperon, fournisseur de solutions de prévision énergétique alimentées par l'IA, a sécurisé un investissement stratégique de National Grid Partners, le bras de capital-risque de National Grid (NYSE: NGG). Ce financement accélérera l'expansion d'Amperon en Amérique du Nord et en Europe, marquant le premier investissement du nouvel engagement de 100 millions de dollars de National Grid Partners dans les solutions d'IA.
L'entreprise s'est étendue à 15 pays européens en juin 2024 et a démontré une précision de prévision supérieure, atteignant une amélioration de 10 % au cours des six derniers mois. La plateforme alimentée par l'IA d'Amperon sert de grands clients tels que Ørsted, Axpo, AES et Rhythm Energy, les aidant à optimiser leurs stratégies énergétiques et à améliorer la stabilité du réseau.
L'investissement vise à renforcer la présence d'Amperon sur des marchés clés, notamment au Royaume-Uni, où National Grid gère le réseau de transmission d'électricité à haute tension et sert plus de 20 millions de personnes à New York et dans le Massachusetts.
Amperon, ein Anbieter von KI-gestützten Energieprognoselösungen, hat eine strategische Investition von National Grid Partners, dem Venture-Arm von National Grid (NYSE: NGG), gesichert. Die Finanzierung wird Amperons Expansion in Nordamerika und Europa beschleunigen und markiert die erste Investition aus dem neuen $100 Millionen Engagement von National Grid Partners für KI-Lösungen.
Das Unternehmen hat sich im Juni 2024 in 15 europäische Länder ausgeweitet und eine überlegene Prognosegenauigkeit demonstriert, mit einer Verbesserung von 10% in den letzten sechs Monaten. Die KI-gestützte Plattform von Amperon bedient große Kunden wie Ørsted, Axpo, AES und Rhythm Energy, indem sie ihnen hilft, Energiestrategien zu optimieren und die Netzstabilität zu verbessern.
Die Investition zielt darauf ab, Amperons Präsenz in Schlüsselmarken zu stärken, insbesondere im Vereinigten Königreich, wo National Grid das Hochspannungsstromübertragungsnetz betreibt und über 20 Millionen Menschen in New York und Massachusetts versorgt.
- Strategic investment from National Grid Partners, part of their $100M AI solutions commitment
- 10% improvement in forecasting accuracy over last 6 months
- Successful expansion into 15 European countries in June 2024
- Strong client portfolio including major energy companies (Ørsted, Axpo, AES)
- Partnership with National Grid provides access to UK market and expertise
- None.
Insights
National Grid's strategic investment in Amperon through its venture arm represents a calculated move to strengthen its position in the evolving energy landscape. As part of a larger
The investment offers National Grid several strategic advantages: enhanced forecasting capabilities important for grid stability, improved operational efficiency, and strengthened market analytics. These benefits align perfectly with National Grid's core business as a major transmission and distribution network operator in the UK and northeastern US.
While specific financial terms weren't disclosed, the strategic nature of this investment suggests it's sized appropriately to drive meaningful value without significantly impacting National Grid's balance sheet. Given NGG's
For investors, this signals National Grid's forward-thinking approach to grid modernization and demonstrates management's commitment to maintaining technological leadership in an increasingly complex energy environment. The focus on AI-powered solutions should strengthen NGG's competitive positioning as energy markets become more complex with renewable integration.
National Grid's investment in Amperon represents a strategic technology play in the critical intersection of AI and energy infrastructure. Amperon's demonstrated
The timing is particularly significant as energy forecasting becomes exponentially more complex with distributed generation, renewable intermittency, and grid congestion. Amperon's AI models are delivering measurable outperformance against incumbents across multiple European markets - particularly France, Germany, Spain, Ireland, and the UK.
National Grid gains valuable technological capabilities through this partnership beyond simple financial returns. The company can leverage Amperon's forecasting precision to optimize its own massive transmission and distribution network operations while gaining first-mover insights into emerging AI applications for utilities.
This investment demonstrates National Grid's understanding that next-generation grid management requires sophisticated predictive capabilities. As weather patterns become less predictable and renewable penetration increases, the value of accurate forecasting grows exponentially. By backing one of the emerging leaders in this space, National Grid positions itself at the forefront of the intelligence layer that will underpin tomorrow's energy systems.
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
National Grid owns and operates the high voltage electricity transmission network in
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
"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,
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
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
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SOURCE Amperon
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