July 26, 2021 — APX Selected by Perfect Power as ERCOT Market Technology Provider
APX is pleased to announce a new commercial agreement with Perfect Power Solutions Texas, LLC (“Perfect Power”), a portfolio company of SER Capital Partners that focuses on battery storage and micro-grid development and operations.
Under the arrangement, Perfect Power will leverage APX’s software technology, telemetry, and grid support services to manage wholesale market transactions and operational requirements for three 10-megawatt battery storage facilities coming online in ERCOT this summer.
“Our relationship with Perfect Power allows APX to provide an end-to-end solution that battery storage owners require to compete in today’s energy and ancillary services markets, empowering them to realize the full potential of their asset investments,” says Brian Fellon, CCO of APX.
The APX MarketSuite transaction technology platform – coupled with dynamic scheduling and settlement capabilities, asset telemetry, remote monitoring, and 24/7 operations support – has become the leading ‘turnkey solution set’ for grid-scale storage asset owners to seamlessly participate in US wholesale power markets, evolving as their businesses expand and their requirements grow. As of this June, APX is supporting more than 50% of the installed-and-operating battery storage capacity in the CAISO and ERCOT markets.
APX is uniquely suited to support Perfect Power’s energy storage portfolio in Texas by providing QSE agent services. “APX is the ideal partner for Perfect Power,” says Alan Dash, President of Perfect Power. “As a new entrant in ERCOT, we will rely on APX’s proven market expertise.”
About SER Capital Partners
SER Capital Partners is an independent private equity firm dedicated to investing in North America’s sustainable industrial middle-market businesses. Over the past two decades, its team members have successfully built, acquired, and invested in companies while partnering with strong management teams. Learn more here.
About APX, Inc.
APX provides innovative technology and service solutions for the energy and environmental markets. Our 25-year business experience spans transaction management, registries, scheduling, settlements, demand-side management, asset control, analytics, operations, exchanges, clearing, and brokerage. With deep domain and technological expertise, the APX team is uniquely qualified to provide leading-edge market solutions built upon a foundation of trust, integrity, and experience.