Complex contract management and settlements solved at National Grid for ISONE and NYISO markets
HOUSTON, Texas (December 1, 2020 ) – Adapt2 Solutions, a leading provider of AI powered multi-market operations and trading software, today announced completion of a rapid implementation at National Grid to facilitate market operations in NYISO and ISO-NE. As one of the largest investor-owned energy companies in the United States, National Grid will utilize the efficiencies of Adapt2’s cloud-native Bid-to-Bill (B2B) Solution to streamline processes for settlements and give their stakeholders more innovative and affordable energy solutions.
As the green energy market is quickly expanding, a real-time view into energy settlements will play a critical role in managing complex power contracts. Through the integration of Adapt2’s B2B Settlement solution with their Energy Trading and Risk Management system (ETRM), National Grid is able to accelerate their access to large volumes of data for strategic decision making in the NYISO and ISONE markets and bridge information between trading operations and multi-market settlement execution.
“We are delighted to have National Grid as a partner and being able to help them with unique operational and settlement solutions. Having a scalable and flexible cloud-native platform was a key element of National Grid’s ability to implement this solution in a short timeline in a completely remote project,” said Jason Kram, Executive Vice President of Adapt2 Solutions.
Enabled by AI and big data, Adapt2 B2B is market tested to provide energy participants across all North American ISO markets a strategic advantage in optimizing renewables from the first bid to the last bill. 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’s Bid-to-Bill (B2B) software is used for multi-market operations and management of complex contracts that are increasingly common with the rise of renewables and Distributed Energy Resources (DERs). Adapt2 Solutions is a privately held company based in Houston, Texas. To learn more about Adapt2, please visit www.adapt2solutions.com.
About National Grid:
National Grid (NYSE: NGG) is an electricity, natural gas, and clean energy delivery company serving more than 20 million people through our networks in New York, Massachusetts, and Rhode Island. National Grid is transforming our electricity and natural gas networks with smarter, cleaner, and more resilient energy solutions to meet the goal of reducing greenhouse gas emissions. To learn more about National Grid, please visit www.nationalgridus.com.