May 19, 2020

Amperon leverages AI to create a smart electric grid

AI
Amperon
Smart Grid
Navin Mirania
2 min
Amperon leverages AI to create a smart electric grid

New York-based startup Amperon has announced the end of its US$2mn seed round to develop further smart grid tech solutions.

The company has already created an AI-based platform that allows electricity providers to easily view operational analytics of grid performance in real-time, as well as accurately forecast long-term and short-term supply requirements.

Its current products for the utility sector are AMPRETAIL (advanced AI) and AMPCAST (highly accurate meteorological forecaster).

Citing the decline of fossil fuel usage and the increasing potential of renewable energy sources to bolster grid stability, Amperon is committed to giving utility providers dynamic smart tools to enable a digital transformation of the energy sector. 

Pioneering the digital grid

In a recent article by Tech Crunch, Abe Stanway, Co-Founder of Amperon, stated his opinion that more tech solutions would need to be developed, particularly for emerging economic strains such as the COVID-19 pandemic.

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“We tell them how much electricity their customers are going to use on a short-term and long-term basis,” he said. “When these exogenous shocks and black swan events occur, we get much more valuable because you need this machine learning in order to understand how the grid is going to behave.”

His comments appear to have struck a chord with investors; with firms such as Blackhorn Ventures, Powerhouse Ventures and Intellis Capital providing financial backing, Amperon has secured investors with a strong knowledge of the energy sector’s needs. 

Stanway, a veteran data scientist and engineering pioneer, has an impressive resume which includes work at Etsy, McKinsey and Planet labs. Despite this diverse experience, he expertise in the energy sector is apparent: he was included on Forbes’ 30 under 30 for Energy 2020 list

Having leveraged granular data from smart-meter data, Amperson now feels confident in pushing forwards with high-value tech applications and geographical expansion - the company currently operates on the ERCOT (Texas), AEMO (Australia) and PJM (Pennsylvania) grids. 

For more information on business topics in the United States, please take a look at the latest edition of Business Chief North America

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Jun 18, 2021

Intelliwave SiteSense boosts APTIM material tracking

APTIM
Intelliwave
3 min
Intelliwave Technologies outlines how it provides data and visibility benefits for APTIM

“We’ve been engaged with the APTIM team since early 2019 providing SiteSense, our mobile construction SaaS solution, for their maintenance and construction projects, allowing them to track materials and equipment, and manage inventory.

We have been working with the APTIM team to standardize material tracking processes and procedures, ultimately with the goal of reducing the amount of time  spent looking for materials. Industry studies show that better management of materials can lead to a 16% increase in craft labour productivity.

Everyone knows construction is one of the oldest industries but it’s one of the least tech driven comparatively. About 95% of Engineering and Construction data captured goes unused, 13% of working hours are spent looking for data and around 30% of companies have applications that don’t integrate. 

With APTIM, we’re looking at early risk detection, through predictive analysis and forecasting of material constraints, integrating with the ecosystem of software platforms and reporting on real-time data with a ‘field-first’ focus – through initiatives like the Digital Foreman. The APTIM team has seen great wins in the field, utilising bar-code technology, to check in thousands of material items quickly compared to manual methods.

There are three key areas when it comes to successful Materials Management in the software sector – culture, technology, and vendor engagement.

Given the state of world affairs, access to data needs to be off site via the cloud to support remote working conditions, providing a ‘single source of truth’ accessed by many parties; the tech sector is always growing, so companies need faster and more reliable access to this cloud data; digital supply chain initiatives engage vendors a lot earlier in the process to drive collaboration and to engage with their clients, which gives more assurance as there is more emphasis on automating data capture. 

It’s been a challenging period with the pandemic, particularly for the supply chain. Look what happened in the Suez Canal – things can suddenly impact material costs and availability, and you really have to be more efficient to survive and succeed. Virtual system access can solve some issues and you need to look at data access in a wider net.

Solving problems comes down to better visibility, and proactively solving issues with vendors and enabling construction teams to execute their work. The biggest cause of delays is not being able to provide teams with what they need.

On average 2% of materials are lost or re-ordered, which only factors in the material cost, what is not captured is the duplicated effort of procurement, vendor and shipping costs, all of which have an environmental impact.

As things start to stabilise, APTIM continues to utilize SiteSense to boost efficiencies and solve productivity issues proactively. Integrating with 3D/4D modelling is just the precipice of what we can do. Access to data can help you firm up bids to win work, to make better cost estimates, and AI and ML are the next phase, providing an eco-system of tools.

A key focus for Intelliwave and APTIM is to increase the availability of data, whether it’s creating a data warehouse for visualisations or increasing integrations to provide additional value. We want to move to a more of an enterprise usage phase – up to now it’s been project based – so more people can access data in real time.

 

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