Energy AI Forecasting: $35M Raised + 20 Years in Power Markets

Amperon uses AI-powered forecasting to help utilities, traders, & power producers predict demand, prices, and renewable generation for a more reliable, decarbonized grid.Amperon is a Houston-based technology company specializing in AI-powered electricity forecasting and analytics solutions. Founded in 2018, Amperon provides high-precision demand, renewable generation, and price forecasts to enhance grid reliability, manage financial risk, and support decarbonization efforts. Their platform serves a diverse clientele, including utilities, financial traders, and independent power producers, by leveraging advanced AI models and real-time analytics to navigate the complexities of modern energy markets. In October 2023, Amperon raised $20 million in Series B funding led by Energize Capital, underscoring their commitment to innovation in the energy sector.For almost 20 years, Sean Kelly has been at the forefront of the energy trading industry, working for Tenaska, Lehman, EDF, and E.On. While at EDF, he led the transition of two nuclear plants (Nine Mile and Ginna) into the NYISO market, then led the buildout of E.On’s North American trading desk. Next, he co-founded Bridge Power Consulting and sold it to Albireo Energy in 2019. He co-founded Amperon in 2018.In this podcast, you’ll learn these takeaways and much more.How to utilize AI and machine learning for accurate energy demand and price forecastingWhat is the significance of automatic weighting in analyzing diverse weather data for energy predictionsWho said this wonderful quote: “I’ll build it if you can sell it”How founders should not sell themselves short or sacrifice on their long-term thesis when working with investorsWhy building strong long-term non-transactional relationships with investors and early adopter customer prospects is crucial for company growthWhy he finds value in books like The Tao of Bill Murray and The Devil in the White CityHow boxing keeps him sane and healthy on the founder journey🔗 PODCAST SHOW LINKS:Sean - https://www.linkedin.com/in/sean-kelly-0792626Amperon - https://www.amperon.co📈 JOIN EFI’S CLIMATE CEO PEER GROUP:Become an EFI Climate CEO Fellow — Join North America’s top private peer group community for growth-stage CEOs in climate tech and sustainability. We’re a community of 100 CEO Fellows and Mentors (investors and post-exit CEOs) representing over $40B of market value or financial assets for climate solutions. Apply here:⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.entrepreneursforimpact.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠📣 GET MY NEWSLETTER:I share lessons learned from working with 300 climate tech CEOs and investors, meditating for 25 years, teaching 90,000 students, and reading 50 books per year. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://entrepreneursforimpact.substack.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠✍🏼 LEAVE A PODCAST REVIEW:To help more people discover the climate tech CEOs and investors we interview, please take one minute to review or rate this podcast. Since we don’t take any sponsors for this podcast, we appreciate this small gesture of your appreciation. Here are instructions: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ratethispodcast.com/guides/where-can-people-leave-podcast-reviews⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠🤔 PODCAST HOST:Dr. Chris Wedding is the CEO of EFI (climate CEO peer groups and executive coaching), cofounder of Terraset (carbon removal), Senior Advisor at Javelin Capital (clean energy investment banking), Board member at World Tree (regenerative forestry), Board Advisor at DG Matrix (next-gen power electronics), Duke & UNC professor, ex-private equity investor, ex-investment banker, occasional monk, and a super humble human being (as evidenced by this long bio).

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