AI-Driven Broker Announces Client Wins, Seeks New License
Company Said To Be Speaking With Choice Utility About "Our Predictive Capacity And How It Could Benefit Their Residential Clients"
March 14, 2023 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • firstname.lastname@example.org
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Imperium Predictive Analytics, a broker focused on "predictive procurement" through AI and automation, announced that Hollywood Imprints and RXP Wireless have signed with Imperium for its energy procurement services
RXP Wireless, is a multi-state Verizon franchisee retailer with 51 locations in 6 states.
Hollywood Imprints is described as one of the premier printing firms in the Midwest, with clients that include, Rogue, Homage, The Ohio State University, Nationwide Children's Hospital, and Relay for Life
Imperium Predictive Analytics applied for an Ohio natural gas broker/aggregator license to serve all customer classes in all service areas. Imperium recently received an Ohio electric broker license. Imperium has operated under the license of another broker, but is now seeking its own licenses
"Our team has spent years gathering every relevant piece of data that could affect energy rates.
We used this data to create an industry-first predictive AI to determine the price of energy at
any given point to save our clients money through predictive procurement and buying at the
right time," Imperium said in its Ohio gas application
"We started by developing a predictive algorithm that
can determine the price of energy several years out. We spent a lot of time finding, databasing,
and normalizing hundreds of streams of relevant data to use to train the algorithm. We use
Machine Learning to process this data and develop trends that it continually digs deeper into
until we are confident in these trends. This gives us a high degree of accuracy, currently testing
at 93% accurate on average, and continuing to improve daily as we find new data and continue
to refine," Imperium said in its Ohio gas application
Imperium notably said, "We are also in the beginning stages of speaking with executives at the corporate parent of an Ohio local distribution company (one which has a gas choice program) about our
predictive capacity and how it could benefit their residential clients."