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Amperon Enhances Energy Forecasting with National Grid Partners Investment

In a significant development for the energy technology sector, Amperon, renowned for its innovative AI solutions in energy forecasting, has received vital backing from National Grid Partners. This strategic investment will not only enhance Amperon's market presence but also allow them to evolve their advanced energy analytics services further.

The partnership with National Grid Partners is seen as a pivotal move aimed at addressing the increasing intricacies faced by utilities and energy companies today. With fluctuating power market conditions and the pressing need for a more decentralized and environmentally-friendly energy grid, Amperon is positioned to equip its clients with sophisticated tools to navigate these challenges effectively.

Sean Kelly, CEO and Co-Founder of Amperon, expressed his enthusiasm over this partnership, stating, “National Grid Partners brings substantial strategic value to our operations. Their extensive industry experience and dedication to the innovative energy landscape make them an ideal ally as we embark on this next phase of growth.” With this capital infusion, Amperon aims to ramp up its reach in North American and European markets, particularly focusing on the UK's transition towards an upgraded energy grid.

National Grid is a key player in the electricity sector, managing high voltage transmission networks in England and Wales while supporting millions of customers across the US. This financial commitment from National Grid Partners signals not only their confidence in Amperon’s potential but also highlights the accelerating demand for AI-driven energy solutions in the current market.

Amperon's recent expansion into 15 European countries showcases their determination to be at the forefront of energy forecasting. Their AI models have continually demonstrated superior accuracy, especially within critical markets such as Germany, France, and the UK. Companies utilizing Amperon's cutting-edge technology have observed enhancements in decision-making and operational efficiency, yielding better management of energy resources.

Raghuram Madabushi, Investment Director at National Grid Partners, asserted the importance of real-time data and projections in the evolving energy sector, stating, “As the energy landscape becomes more complex and dynamic, accurate data is vital. Amperon’s proactive approach aligns perfectly with our goals for a more robust and intelligent grid.” He highlighted that this investment represents the beginning of National Grid Partners' new $100 million commitment towards advancing AI solutions for the energy sector, cementing Amperon's role as a crucial player in this progressive vision.

The strategic collaboration promises to take Amperon’s capabilities to the next level by providing clients with better forecasting, market analysis, and support for energy sustainability. As Amperon works alongside industry titans like Ørsted, Axpo, and AES, it’s evident that the company is on a progressive trajectory, ready to deliver unparalleled forecasting services that prioritize efficiency and practicality.

About Amperon

Founded in 2018, Amperon stands at the intersection of energy analytics and artificial intelligence, emerging as a trusted name among utility companies and energy producers. Their focus on precise demand and price forecasting allows customers to boost grid reliability while also optimizing their asset management. With ongoing investment into improving their analytics tools and data processing abilities, Amperon is determined to remain at the forefront of the energy transition.

For more details on Amperon's extensive range of forecasting solutions, visit www.amperon.co.

About National Grid Partners

National Grid Partners serves as the innovation and venture investment section of National Grid plc, focused on accelerating technological advancements within the energy framework. Their role in ushering new technologies into the mainstream amplifies their influence on global energy practices while aiding in the efforts to combat climate change. Across various regions, including offices in Silicon Valley, London, and Boston, they continually seek out technologies that promise to revolutionize the energy sector.