Adapt2 for Generators
Managing the complexity of physical generation in markets is what Adapt2 does best with comprehensive Front Office, Back Office, and Plant interfacing capability that streamlines and optimizes market operations.
Vistra operates power generation facilities in eight Midwest, Northeast, and West Coast states. Its ISO-NE, NYISO, MISO, ERCOT, and PJM generation portfolio includes over 42,000 megawatts across over 50 plants and heir retail arm serves over ten million customers. They needed a single platform that allowed them to be more effective as they continued to grow and scale.
In 2015, Vistra and Adapt2 formed a strategic partnership to help Vistra improve its Front-Office asset management operations, real-time dispatch, plant management, and back-office settlements.
In the past, Vistra used disparate software systems and excel spreadsheets for their power trading, scheduling, and settlements operations. The legacy software did not efficiently retrieve the information required to generate accurate hourly P&L, and the spreadsheets required significant manual effort. Vistra needed a single system which could integrate daily market offer variables into their P&L. Furthermore, they needed a reliable system that provided visibility into the underlying calculations. The inputs necessary for an accurate hourly P&L can change daily with challenges aggregating them into a common platform.
The configuration and data management options within Adapt2 B2B allowed Vistra to create a custom P&L using their own calculations within a week. This is exactly what Vistra needed – an hourly P&L that tracks Vistra’s asset performance, allowing them to see lost opportunities due to poor asset performance, outages, and dispatch. This data formed the basis for asset optimization opportunities. They are also able to give near-real-time feedback to plant operations, allowing them to understand the incremental value of efficient equipment servicing as well as estimated profits due to timely maintenance efforts. Adapt2 continues to collaborate with clients like Vistra to expand our application functionality.
Adapt2 Generator News:
AES Partners with Adapt2 Solutions to Scale Operations and Support Innovation in the Energy Sector
Handling front and back office operations for CAISO, PJM, and ERCOT, Adapt2 accelerates development of AES’ newest Smart Operations Center
Tri-State to Deploy Adapt2 Solutions Platform to Enter Two Energy Imbalance Markets
Adapt2 Solutions facilitates seamless entry for Tri-State into Southwest Power Pool’s Western Energy Imbalance Service (SPP WEIS) and California ISO Energy Imbalance Market (CAISO EIM).
National Grid Implements Adapt2 Bid-to-Bill for Multi-Market Operations
Complex contract management and settlements solved at National Grid for ISONE and NYISO markets.
Adapt2 Solutions, Exelon Corporation Partner to Modernize Back Office System
Exelon streamlines back office operations across multiple ISO markets.
“Having an easy to use, custom P&L saves at least 2 hours a day. It also ensures that an hourly P&L is generated for every day — maximizing opportunities for asset optimization.”
“Looking to the future, it is critical for us to differentiate our business with product innovation and diversification. Ease of use and a repository of all of our data that we can quickly access in real-time were key factors in our decision to work with Adapt2 Solutions. We look forward to growing our business with technology solutions that can scale as rapidly as our business strategy necessitates.”
“With utilities increasingly seeking cleaner energy alternatives, our business requires different market structures to meet the needs of our diverse customers. To significantly expand into new markets, we need a technology-forward partner with smart solutions who understands quick market changes and can respond even faster. That’s where Adapt2 comes in.”
“AES is a leader in clean energy, and with the expansion of our new smart operations center to include even more renewable assets, we had to en-sure we had the right people, processes, and technology in place. During the selection process, Adapt2 not only met but exceeded all our ISO operation and technology expectations. We need to adopt and integrate the best technology available to properly scale our global operation initiatives. Adapt2 Solutions was the clear choice to achieve that goal.”
Trusted Energy Market Solutions Partner.
Adapt2 Solutions is honored to be featured in Entrepreneur 360's Best Companies in America, Inc 5000 fastest-growing Texas-based private companies, AI Breakthrough's Best Solution for Big Data, Business Intelligence Group's AI Excellence Award, and the Financial Times Fastest Growing Companies for 2021. We are proud and committed to continue our journey as a leader in the industry for energy market solutions.