kWantera: Dealing Best Price on Energy with Analytics and Data Science

The growing conflict between the lack of transparency in the ‘rules of the game’ and ever-increasing amounts of freely available and relevant energy data has led to the energy buyers, sellers and consumers harvesting vast volumes of disparate data to make smarter decisions in real-time. “The challenge is the regulatory and competitive rules that have not kept pace with this reality. We help industrial and commercial customers in making real-time choices about the optimal time for buying, selling and consuming energy every day,” asserts Mark DeSantis, CEO, kWantera. Headquartered in Pittsburgh, PA, kWantera provides energy management software services to large commercial buildings, industrial manufacturers and various other business segments in order to mitigate their energy usability issues.

kWantera’s platform is a continuous, real-time predictive analytic loop, drawing in huge amounts of varied real-time data. It is consumed by the real-time analysis algos which generate real-time and highly customized daily recommendations,” extols DeSantis. Furthermore, the recommendations inform the next analytic cycle, making kWantera a self-learning platform. “We rely on pattern-recognition concepts not unlike that used by Amazon and Google,” says DeSantis. kWantera relies on an intricate combination of advanced technologies. Its core technological lineage is machine learning and related pattern recognition technologies. Taking in vast amounts of real-time data, the company uses technologies like Hadoop, and develops additional proprietary technology in the form of ‘ensemble analytics’. The analytics allows kWantera to give accurate, precise and consistent daily recommendations to the customers. The company offers pricing service that uses all the publically available data to generate sensible buying and selling prices. “The trend for ‘deregulated’ wholesale markets will continue and benefit everyone. The smart deregulation equals efficient markets results in better price discovery –sensible daily energy prices,” asserts DeSantis.