Enverus announces that it had acquired Marginal Unit to focus on traffic analysis, power flow, pricing opportunities to help clients make smarter investment decisions in the power sector.
FREMONT, CA : Enverus, a world-leading energy data, and SaaS technology firm, has announced that it has acquired Marginal Unit Inc., a power market analytics organization that helps users understand the electrical grid's past, present, and future. Marginal Unit focuses on traffic analysis, power flow, pricing opportunities and allows clients to make smarter investment decisions in the power sector.
According to Goldman Sachs, $16 trillion in capital expenditures connected to cleaner energy and renewables will be made between now and 2030. While massive investments are being made to electrify everything, and climate-focused energy policies pursue to switch from carbon-intensive fuels toward alternative and renewable energy sources, one of the most challenging aspects of modernizing today's power grid is reducing grid congestion and its price impact.
Power flow patterns are constantly changing and altering prices as the US power grid advances into a more sophisticated system capable of taking power from additional intermittent energy sources such as wind and solar. This has become a significant issue for investors, utilities, and customers. Marginal Unit fills the gap between the market and the physical power infrastructure in near-real-time, allowing electricity to achieve its end market from all energy sources, renewable or otherwise.
"Marginal Unit is the market leader in grid congestion and constraint analysis, the primary driver of power prices. Its unique systems allow all types of users, from traders and independent power producers to power marketers, utilities and asset managers, to make more informed decisions and, in the end, improve our energy infrastructure," said Manuj Nikhanj president of Enverus. "As Enverus continues to make significant investments in Power & Renewables through targeted acquisitions and organic development, we are rising to the challenge to make sense of a market tormented by disorganized data."
"Unfortunately, some choices are made blindly, with literal guesses driving decision-making," said Sylvain Ross, chief algorithms officer, and principal at Marginal Unit. "By combining our talented teams, we can be the catalyst for the energy evolution. Our expertise in power flow and congestion, combined with Enverus forecasting technology, will allow us to provide unmatched solutions that will create better efficiencies to improve the electric grid."