Adapt2 will extend implementation at Xcel Energy to cover all ISO trading markets and provide end to end market operations platform.
HOUSTON, Texas (January 6, 2022) – Adapt2 Solutions, a leading provider of AI enabled multi-market operations and power trading software, is expanding implementation with Xcel Energy, a Fortune 500 Utility headquartered in Minnesota, enabling the company to leverage Adapt2’s flagship cloud-native solution, Adapt2 Bid-to-Bill (B2B), for portfolio optimization and market operations in all markets that Xcel participates. With access to the cloud-native technology infrastructure managed by Adapt2, Xcel is scaling its energy portfolio to focus on renewable energy and distributed energy resources.
“As our project has evolved, we recognized the scalability and technology footprint that Adapt2 provides will benefit all of our trading and market operations across all ISOs, said Amy Polich, Project Manager at Xcel Energy. The Adapt2 team has navigated project variations well and we have confidence in our expansion for full market operations coverage.”
The expansion furthers high-tech transformation concepts for modernizing energy operations. Xcel Energy will automate front and back-office functionalities, leverage big data, and apply advanced machine learning analytics in all ISOs as Xcel Energy continues to lead carbon-emission reduction efforts through onboarding solar and wind assets.
“We are excited to be part of Xcel Energy’s business and technology transformation” said Jason Kram, Executive Vice President of Adapt2 Solutions. “We will continue to innovate with strategic partners like Xcel and deliver advanced technology that adapts to our changing energy landscape.”
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 200 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 Xcel Energy:
Xcel Energy Inc. is a leading energy efficient utility holding company based in Minneapolis, Minnesota, serving more than 3.3 million electric customers and 1.8 million natural gas customers in Minnesota, Michigan, Wisconsin, North Dakota, South Dakota, Colorado, Texas, and New Mexico. Xcel Energy was the first major U.S electricity provider with a vision to serve customers with 100% carbon-free electricity by 2050 and to reduce carbon emissions 80% by 2030 company-wide from 2005 levels. To learn more please visit www.xcelenergy.com