AI Platform Can Cut Manufacturers’ Energy Costs by 25%
The technology developed by Imperium Predictive Analytics helps manufacturers lock in the lowest energy rates at just the right time.
May 17, 2022
The energy that fuels plastics processing and other manufacturing operations is a significant cost. A new predictive artificial intelligence (AI) platform promises to help manufacturers lock in the lowest energy rates at just the right time.
The service is the brainchild of Imperium Predictive Analytics, which “can predict energy prices better than anyone else,” asserted Chief Sales Officer Arthur Kaplan. Imperium’s proprietary data strategy and dashboard offer businesses a smarter way to buy energy by monitoring prices in real time — putting more actionable data directly in the hands of manufacturers and processors.
“Energy procurement is a complex process, and brokers have been taking advantage of this for their own benefit for decades,” explained Imperium co-founder Nick Lessells. “There was no true consultative approach that considered the clients and their needs — it was just a sales marketplace.