kWantera to Form Technology Alliance with GE Renewable Energy
PITTSBURGH--(BUSINESS WIRE)--kWantera, a Pittsburgh-based start-up and General Electric Company (NYSE: GE), through its GE Renewable Energy business, today announced a technology alliance to offer kWantera’s energy trading solution to complement GE’s Digital Wind Farm offering. GE Renewable Energy is developing a partner network and engaging the start-up ecosystem to enhance its Digital Wind Farm and other digital products on its Predix* platform.
Sanjeev Addala, Chief Digital Officer, GE Renewable Energy, said,“Working with kWantera is part of GE Renewable Energy’s strategy of exploring innovative digital technologies to strengthen our product offerings.”
This alliance will enable both kWantera and GE Renewable Energy to co-develop digital solutions that allow renewable energy customers to better manage operational risk and scheduling decisions, thereby enhancing revenue from their asset base.
kWantera CEO, Kyle O'Connor, said, "We are excited to partner with GE Renewable Energy to bring kWantera's energy market enhancement technology to wind operators across the U.S.”
kWantera is a Pittsburgh, PA-based company that uses leading technology and predictive analytics to build software tools for companies that buy, sell, or consume energy in markets across North America. Founded in 2012, kWantera serves energy suppliers, manufacturers, the commercial sector, utility operators, and educational institutions. GE Ventures is also an investor in kWantera.
*Predix is a trademark of General Electric Company.
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