POWWR Risk360 Chosen as Retail Management Solution for RPower
POWWR’s Risk360 solution provides RPower a comprehensive solution for managing the pricing and risk in its retail portfolio.
[New York, 29th August 2024] – POWWR, the respected energy software provider, today announces that RPower is using POWWR’s Risk360 solution to improve its modelling capabilities so that it can better serve its customers. POWWR’s Risk360 solution provides RPower with accurate demand forecasting, scheduling, and position reporting via a single intuitive platform.
Based in Texas, RPower is a power generation company spanning baseload, peaking, and backup generation. Its principal focus is serving energy intensive businesses such as data centers ensuring a stable and cost-effective supply of power.
“We deliver tailored energy solutions that ensure efficiency and reliability for a broad range of industries. Our power generation solutions guarantee uninterrupted power supply for businesses with mission-critical operations complemented by our energy management services to unlock the full value of the market. To deliver on all our commitments, we require optimal data and insight,” explains Jonathan Hargrove, Chief Revenue Officer at RPower. “The powerful modelling within POWWR Risk360 helps us gain insight on market pricing and portfolio dynamics.”
Popular with energy suppliers worldwide, Risk360 sets a new standard in data transparency, providing accurate demand forecasting, scheduling, and position reporting via a single intuitive platform. Risk360 automatically updates daily with any changes in the market and includes a multitude of data points such as future contract lengths, hedges, and forward price marks so that companies such as RPower can optimally minimize their risk.
“POWWR is well known in the industry and trusted. The accuracy of the data it provides is unparalleled. Plus, we found the POWWR Risk360 interface intuitive and easy to utilize.” says Hargrove.
POWWR Risk360 provides RPower with intelligence and insight into demand response and a host of daily scenario analysis reports accessible via a centralized platform that can be shared with its customers for complete transparency.
In addition to detailed extreme weather forecasts, and reports into load versus hedge obligation, POWWR Risk360 offers a future-looking detailed P&L that accurately estimates RPower’s costs and revenues on a daily basis. Unlike one-off guesstimates, POWWR Risk360 automatically updates with any changes in the market and includes thousands of data points.
“By removing the guesswork, POWWR Risk360 empowers RPower to better meet its clients’ needs for reliable and efficient energy solutions, powering the future of industries across Texas and beyond,” explains Matt Tormollen, CEO at POWWR.
About RPower
Founded in 2021, RPower is a power generation company spanning prime, merchant, and backup power generation solutions. RPower specializes in providing backup generation to companies with mission critical loads; with a focus on serving energy intensive business including the Data Center and Oil & Gas segments. The RPower team of analysts and engineers has a proven track record in the electric power industry serving large industrial customers and utilities with power generation project development, asset operations, asset optimization, project financing, and retail energy. RPower is well capitalized and backed by I Squared Capital based in Miami, FL. https://RPower1.com
About POWWR
POWWR is a cloud-based software provider for the energy and utilities sector. Its advanced platforms and simple solutions help over 65 energy suppliers and more than 1,400 brokers across the United States and the United Kingdom win more deals, manage risk, and grow their businesses. The company was previously known as UD Group in the United Kingdom. https://www.powwr.com
