Amperon raises $20 million Series B for grid analytics platform

Amperon, an AI-based electricity demand forecasting platform, closed a $20 million Series B led by Energize Capital, lifting total funding to $30 million. As Indian power markets adopt variable renewables and electrification, demand for granular grid analytics and hourly emissions data is set to rise here too.

Amperon announced a $20 million Series B led by Energize Capital, with participation from the D. E. Shaw group, Veriten, existing investor HSBC Asset Management, and two long-standing customers including Ørsted, bringing total funding to $30 million. Founded in 2018, Amperon analyses time-series electricity data across grids and cites volatility events such as Winter Storm Uri in February 2021 and CAISO rolling blackouts in 2022. The capital funds a shift from demand forecasting toward broader data analytics, including carbon analytics.

The funding affects utilities, independent power producers, generators, retailers, public power entities, and commercial and industrial clients managing grid volatility. Amperon provides hourly marginal emissions data and location-based Scope 2 calculations, helping firms measure the carbon footprint of hourly electricity use and optimise load. Generators use short-term forecasts to identify lucrative dispatch windows, while IPPs use load forecasts as a natural hedge when buying or selling excess generation, improving risk management as flexible load and variable supply grow.

Companies integrating carbon into electricity decisions should watch the expansion of hourly, location-based Scope 2 accounting and tools for batteries, on-site solar, backup generation, and virtual power plants. Amperon plans to extend into new markets facing volatility similar to the United States and to develop products useful domestically and internationally. Organisations seeking granular site-level asset forecasts can monitor these emerging tools to decide when to produce, sell, or store energy and to maximise asset performance.

Key figure — Series B raise: $20 million, bringing total funding to $30 million