Handling front and back office operations for CAISO, PJM, and ERCOT, Adapt2 accelerates development of AES’ newest Smart Operations Center
HOUSTON, Texas (February 3, 2021) – Adapt2 Solutions, a leading provider of AI-enabled multi-market operations and trading software, today announced a new partnership with The AES Corporation (NYSE: AES) to support their power scheduling, settlements and renewable operations in the PJM Interconnection (PJM), Electric Reliability Council of Texas (ERCOT) and California Independent System Operator (CAISO). In the process of scaling operations with the addition of green assets and a new Market Dispatch Center, AES will leverage Adapt2’s modernized Bid-to-Bill (B2B) solution to streamline market bidding, scheduling, ISO settlements, PPAs, and contract settlements.
“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 ensure we had the right people, processes, and technology in place,” said Tim Bockhorn, AES Market Operations. “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.”
Adapt2’s multi-market platform hosted on Azure cloud is a mission-critical part of their energy management operations. AES will automate front and back-office functionalities to focus on constructing and reformatting operations as they accelerate the future of energy with smarter, more sustainable energy solutions. As the world’s leading battery-based energy storage company, AES will leverage Adapt2 for seamless integration of battery storage energy data into their front and back-office operations enabling optimization of their growing fleet of solar generation. Powered by Adapt2’s Bid-to-Bill (B2B) SaaS solution, AES will adopt a scalable infrastructure prime for future growth and expansion including predictive insights vital to an evolving world to better forecast supply and demand.
“Aligned in our vision for both digital transformation and green energy future, we look forward to working with AES on this project and continuing to deliver safe, reliable and sustainable energy solutions to better serve all markets,” said Jason Kram, Executive Vice President of Adapt2 Solutions.
Enabled by AI and big data, Adapt2 B2B is market-tested to provide participants across all North American ISO energy markets with a strategic advantage in terms of significant efficiencies for all elements in the bid to bill process.
To learn more about how Adapt2 is accelerating power and gas market operations, visit https://www.adapt2solutions.com/ or follow Adapt2 on LinkedIn @Adapt2 Solutions for more information on upcoming energy management webinars.
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 150 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 The AES Corporation:
The AES Corporation (NYSE: AES) is a Fortune 500 global energy company accelerating the future of energy. Together with our many stakeholders, we’re improving lives by delivering the greener, smarter energy solutions the world needs. Our diverse workforce is committed to continuous innovation and operational excellence, while partnering with our customers on their strategic energy transitions and continuing to meet their energy needs today. For more information, visit www.aes.com. Follow AES on Twitter @TheAESCorp.