Leveraging AI and the cloud, Kentucky Electric Co-op EKPC selects Adapt2 Solutions for smart market insights and member savings.
HOUSTON, Texas (Feb. 27, 2020) — Adapt2 Solutions, a leading provider of AI enabled multi-market operations and trading software, today announced a new partnership with East Kentucky Power Cooperative (EKPC) to streamline the cooperative’s PJM market operations on a single platform, replacing a legacy system. As part of its commitment to offer customers comprehensive energy solutions, Adapt2 Solutions will work with EKPC to implement the cooperative’s full market operations platform for optimized bid and settlement analysis processes in PJM. This will allow EKPC to further reduce costs, increase customer satisfaction and deliver safe, reliable, affordable and sustainable power to its members.
In a time when ISO markets like PJM are going through significant market enhancements in settlement granularity and renewable integration, electric cooperatives are faced with limited resources to keep up with the ongoing 24/7 market changes. By moving to a hosted environment SaaS solution such as Adapt2 Bid-to-Bill, EKPC is able to leverage advanced energy technologies and data analysis to anticipate bid strategies and optimize operations that ultimately helps members save money.
“Our ability to deliver a seamless experience for energy market participants is what differentiates the Adapt2 platform. By leveraging current technology and Adapt2’s deep market expertise in PJM, customers like EKPC can create a full bid-to-bill platform that enables their front and back office to work closely together for better operational decisions,” said Jason Kram, Executive Vice President at Adapt2 Solutions. “With Adapt2’s AI-enabled B2B and T2T solutions, we strive to help more customers focus on their core operations and bring business units together on a single platform to create an integrated approach. ”
Adapt2’s cloud based solution will further EKPC’s efforts to bring affordable and reliable power to more 1.1 million homes, farms and businesses in Kentucky. As more members recognize the opportunity to access technology for smart business decisions, Adapt2 Solutions works with various electric co-ops to provide seamless and transparent ISO market connection including Golden Spread Electric Cooperative, Western Farmers and Massachusetts Municipal Wholesale Electric Company.
About Adapt2 Solutions:
Adapt2 Solutions (Adapt2) is the leading provider of AI enabled multi-market operations software designed to help market participants streamline all of their front and back office operations. Founded in 2008, Adapt2 delivers market-based solutions on the latest and most current technologies providing customers with fast, intuitive and stable user experience and performance. With over 130 market implementations representing over 2500 market participants, Adapt2 is a leading solution provider in the energy industry. Adapt2 Solutions is a privately held company based in Houston, Texas. To learn more about Adapt2, please visit www.adapt2solutions.com.
About East Kentucky Power Cooperative (EKPC):
East Kentucky Power Cooperative is a not-for-profit, member-owned cooperative providing wholesale electricity to 16 owner-member distribution cooperatives that serve 1.1 million Kentucky residents at 535,000 homes, farms, businesses and industries across 87 counties. EKPC provides power through coal-fueled plants located in Mason and Pulaski counties; natural gas-fueled peaking units in Clark and Oldham counties; renewable energy plants in Barren, Boone, Clark, Laurel, Greenup, Hardin and Pendleton counties; and more than 2,800 miles of transmission lines. Together, EKPC and its 16 owner-member cooperatives are known as Kentucky’s Touchstone Energy Cooperatives. Visit EKPC at www.ekpc.coop.