Adapt2 provides visual analytics for enhanced renewable energy contract management and deal capture.
HOUSTON, TX – (February 4, 2022) Adapt2 Solutions, a leading provider of AI-enabled multi-market operations and trading software, today announced the successful go-live of East Bay Community Energy (EBCE) in the California ISO (CAISO) market. EBCE is leveraging Adapt2’s Modernized Cloud-Native Platform, Adapt2 Green, for streamlining the processes needed for managing the complexities of renewable assets.
Adapt2 Solutions has been working with EBCE over the past several months to provide them with a single source of truth and history for their renewable energy operations and ensure a successful go-live. Through the use of Adapt2’s Green solution, EBCE is able to better report and analyze long term contracts, streamline management of Renewable Energy Credits (RECs), quickly capture data for resource adequacy transactions, and access real-time reporting for strategic decision making.
“A tremendous amount of planning and collaboration from Adapt2 and EBCE went into this implementation,” said Hernando Delgado, Vice President of Professional Services. “Community Choice Aggregators (CCAs) hold a truly green portfolio which is different than some of our traditional utility clients. As the industry, moves toward minimizing its carbon footprint, working with clients such as EBCE provides a forward-thinking view into the future of energy.”
Built on a flex-technology design pattern, through the guidance of Adapt2 Vice President, Emmanuel Gonzalez, Adapt2 Green enables energy market participants to manage renewable energy assets in a single platform. With the flexibility of plug-and-play components, clients can opt in and out of components for PPA management, power hedging, resource adequacy, import allocation rights, Renewable Energy Credits (RECs), carbon-free and other types of contracts. The ability to granularly view both monthly and hourly trade details can help CCAs such as, EBCE provide greener energy at lower rates, which in turn will benefit their local communities.
“The use of Adapt2 Green by customers like EBCE is what we envisioned when releasing our renewable centric solution, Adapt2 Green. It is great to see the system in action and we look forward to supporting energy market participants with robust operating systems and data interfaces, as they continue to reach their renewable energy goals,” said Executive Vice President, Jason Kram.
Adapt2 Green coupled with Adapt2 Bid-to-Bill (B2B) and Adapt2 Trade-to-Tag (T2T) provides energy market participants an integrated end to end solution for all their energy data needs. Enhanced with AI and big data capabilities, Adapt2 is market-tested to provide market participants across all North American ISO energy markets a strategic advantage with significant efficiencies. To learn more about how Adapt2 is accelerating renewable energy, power and gas market operations, visit http://adapt2.com or follow Adapt2 on LinkedIn (@Adapt2 Solutions).
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 renewable energy, power trading and scheduling and 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 200 market implementations, 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.adapt2.com.
About East Bay Community Energy:
EBCE is a not-for-profit public agency that operates a Community Choice Energy program for Alameda County and 13 incorporated cities therein, as well as the City of Tracy, serving more than 630,000 residential and commercial customers. EBCE initiated service in June 2018. As one of 19 community choice aggregation (CCA) programs operating in California, EBCE is part of the movement to expedite the climate action goals of their communities and those of California. EBCE is committed to providing clean power at competitive rates while reinvesting in our local communities. For more information about East Bay Community Energy, visit ebce.org.