2018-founded Amperon offers AI-powered energy forecast tools for the energy market so that business customers can choose their providers and energy sources that best suit their requirements, optimizing the grid in the process.

ESG Today writes that, according to company officials, the new investment will be used to help not only companies, but also grid operators. They will be able to use data analytics in order to assess how much intermittent renewable power should be implemented and at which time, in order to help stabilize the energy network.

The data could also help business customers further reduce their energy-related footprint, which falls under Scope 2 emissions, allowing them to meet their sustainability commitments.

With four times more employees and five times more growth compared to year 2021, Amperon now looks to hire more engineers and data scientists, among others, in order to expand its operations.

Sean Kelly, CEO and co-founder of Amperon, said that "with this funding, we are poised to leverage our cutting-edge AI models to enable customers to unlock more value from data and asset optimization, spanning from on-site solar to commercial load management with backup generation and microgrid deployment."