NHEC expands transactive energy business portfolio to accelerate growth, improve performance and lead the energy transition with Adapt2’s modernized settlement solution.
HOUSTON, Texas (October 1, 2020) –
Adapt2 Solutions, a leading provider of AI enabled multi-market operations and trading software, today announced a new partnership with New Hampshire Electric Cooperative (NHEC) to support the company’s growing distributed energy resources (DERs) and renewable assets in ISO-New England (ISO-NE) energy market. Leveraging the flagship SaaS Adapt2 Bid-to-Bill (B2B) solution coupled with Adapt2 Green, the collaboration enables NHEC to fully integrate their settlement system on the Azure cloud and move away from manual spreadsheets for direct access to large volumes of settlement data and enhanced forecasting and bidding strategies.
“This strategic realignment positions NHEC to lead the fast-growing renewable energy market simplifying access to ISO market data and reducing the complexity to properly settle and contract renewables within ISO-NE with a scalable cloud-based environment – a first for our team,” said Brian Callnan, VP of Power Resources and Access, New Hampshire Electric Cooperative. “As we expand our services to reflect the evolution of the clean energy marketplace, we needed to refresh our manual in-house process and trust Adapt2’s platform to provide current technology and added functionality for future growth opportunities.”
As global demand for renewable power generation, new regulation for DERs, and the associated ISO market integration continues to increase, NHEC will utilize Adapt2 as an integral part of their enterprise level settlement management and renewable optimization efforts within ISO-NE. The proposed move announced today are part of a broader effort on the part of NHEC to position the company to meet the evolving needs of the power market including the growth of renewable energy leveraging Adapt2’s cloud expertise and Tahoe Data Lake as the foundation to automate workflows and analyze settlements from ISO-NE seamlessly.
“The cooperative spirit is one of making lives, communities and cities better by increasing reliance on renewables,” said Jason Kram, Executive Vice President of Adapt2 Solutions. “NHEC is delivering on that by enhancing their power supply functions and we’re pleased to play a part in how they are creating an environment to facilitate business growth and move toward a transactive energy business model. With over 20 ISO-NE implementations to date, the Adapt2 team knows the ins and outs to successfully and efficiently ramp up NHEC’s presence in the market.”
Enabled by AI and big data, Adapt2 B2B and Adapt2 Green are 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 135 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 New Hampshire Electric Cooperative:
The New Hampshire Electric Cooperative (NHEC) is a member-owned and controlled electric
distributor serving 84,000 members in 115 towns and cities. NHEC maintains over 5,500 miles of energized line that traverse nine of the 10 counties in New Hampshire. Headquartered in
Plymouth, the Cooperative serves members in nine operating districts: Colebrook, Sunapee,
Andover, Plymouth, Meredith, Conway, Alton, Lisbon, Ossipee, and Raymond. More information about NHEC is available at https://www.nhec.com/.