Amperon is a technology company specializing in AI-driven energy forecasting at the intersection of energy data and artificial intelligence. It builds products like demand forecasts, renewable generation forecasts, price forecasts, and AmpRetail (meter-level load forecasting) to serve utilities, retailers, renewable generators, financial traders, independent power producers (IPPs), gentailers, commercial and industrial (C&I) customers, and market participants.[1][2][3][5] These solutions solve critical problems in the energy transition, such as enhancing grid reliability, optimizing performance, managing financial risk, and navigating volatile supply/demand from renewables and smart meters by delivering sub-hourly, high-precision forecasts using advanced machine learning and 40K+ weather points.[1][3] With strong growth momentum—serving 150+ customers across North America, Europe, and Australia, managing 40M meters and 3x GW renewable capacity, a 90+ expert team, and over $1B cumulative P/L impact—Amperon has expanded rapidly since 2018, recently launching Grid Demand Mid-Term Forecasting.[1][3]
Amperon was founded in 2018 (with some sources noting 2017) in Houston, Texas, by a former energy trader with 15 years of industry experience and Sean Kelly, a 12-year energy trading veteran and data engineer.[1][2][3][4] The idea emerged from recognizing the "Brave New Grid" challenges: volatile renewables, smart meter data influx, AI/cloud advances, and regulatory shifts like FERC Order 825 mandating 5-minute settlements for finer price signals.[4] Early traction included building the product in 10 months, pilot deployments, and closing a pre-seed round with investors like Notation, SV Angel, Lattice Ventures, and angels including Ramez Naam and Chris Wiggins.[4] This humanizes the founders' drive to tackle climate change and grid modernization, evolving from a simple AI forecasting concept to a global suite trusted by major energy players.[1][4]
Amperon's edge stems from its specialized AI methodology combining power markets expertise, meteorology, and data science for superior accuracy—often 3x better than ISO models and beating competitors like Innowatts.[1][2][3]
Amperon rides the energy transition trend, addressing grid volatility from renewables, electrification, and smart meters amid regulatory pushes like FERC 825 for 5-minute settlements.[1][4] Timing is ideal with AI/ML advances enabling precise forecasting for a "fully smart grid," helping operators, utilities, and traders adapt to rapid changes in supply/demand.[3][4] Market forces favoring it include rising renewable capacity (3x GW under management), $1B+ P/L impact, and expansion to 150+ customers across three continents, positioning it as a challenger against Landis+Gyr, Itron.[1][2] It influences the ecosystem by boosting grid reliability, cutting peak costs, and enabling data-driven decisions that accelerate decarbonization and efficiency for a resilient global grid.[1][3]
Amperon is primed for continued dominance in energy AI, with recent mid-term forecasting launches signaling deeper grid optimization tools amid accelerating renewables and AI integration.[1][3] Trends like finer settlements, extreme weather, and global electrification will amplify demand for its precision models, potentially expanding to more regions and products like advanced asset management.[3][4][5] Its influence may evolve into ecosystem leadership, powering utilities' net-zero goals and trader profitability—cementing its role as the forecasting backbone of the smarter, greener grid that began with two traders' urgent vision in 2018.[1][4]
Amperon has raised $29.5M in total across 4 funding rounds.
Amperon's investors include Andreessen Horowitz, Coatue, Contrary Capital, Energize Ventures, Entrepreneur First, Episode 1 Ventures, Octopus Ventures, Voyager Ventures, Andrew Robb, Nic Brisbourne, Ron Pragides, Will Brooks.
Amperon has raised $29.5M across 4 funding rounds. Most recently, it raised $20.0M Series B in October 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2023 | $20.0M Series B | Andreessen Horowitz, Coatue, Contrary Capital, Energize Ventures, Entrepreneur First, Episode 1 Ventures, Octopus Ventures, Voyager Ventures, Andrew Robb, Nic Brisbourne, Ron Pragides, Will Brooks | |
| May 1, 2022 | $7.0M Series A | First Round Capital, Powerhouse Ventures | |
| Apr 1, 2020 | $2.0M Seed | Powerhouse Ventures | |
| Apr 1, 2018 | $510K Seed | Asylum Ventures, BoxGroup, Offline Ventures, Pareto Holdings, Joseph Perla, Matt Mazzeo, Pete Cashmore, Troy Carter |
