Condor Energy Launches: Powering Next-Gen Electricity Supply

Condor Energy recently launched!

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^{"AI-powered cockpit for electricity procurement."}

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^{TL;DR: Condor Energy builds software for next-generation electricity supply. They help C&I customers, data center operators and their utilities cut electricity bills by up to 20% and de-risk their operations. They’re live with a leading data center operator, large retail chains and European industrial companies.}

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Founded by Jean Costa de Beauregard, Clément Grivel & Florian Pérocheau

Hey everyone, meet Jean, Clément, and Florian - electricity nerds building Condor Energy. They met in France, where Florian used to trade power, and Clément and Jean worked together on hydropower plants.

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https://youtu.be/HAFYJAKjK3U

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The Problem

The founders realized that as the grid moves towards renewables, large energy consumers like data centers would need better tools for their electricity management. They interviewed 200+ companies spending €Ms/y on power, and discovered this was a consistent problem.

• Electricity costs are no longer “price * volume”: they depend on location, time of day, peaks, imbalance, regulation…
• Large energy consumers must leverage highly complex options and invest $Ms : on-site generation and storage, long-term contracts, RECs, demand-response programs…
• Yet, they still manage power on incorrect spreadsheets, manual forecasting, wrong data and simplistic simulations.

And these errors lead to misinformed Capex investments, delayed interconnection, higher energy costs and unstable grids.

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The Solution

Today, Condor works with large companies in Europe, and they’re launching in the US. Companies currently use Condor's software for their:

• Hedging: a large European industrial simulates and tracks its hedge portfolios to secure long-term energy costs.
• Budgeting: a major retail chain forecasts PPAs and Spot market exposure over all of its stores, and then verifies its invoice.
• Investment: a leading data center operator with complex procurement optimizes its energy spending by simulating on-site & off-site investments.

Here’s what Condor does for them:

• Monitor and forecast their day-to-day energy needs and costs, on each facility and in total.
• Improve their energy procurement and plan their investments based on accurate data, simulations and forecasts.
• Plan their operations and steer their behind-the-meter assets directly via our platform.

Because Condor centralizes and curates all their energy data (consumption, market, contracts, regulation…), their customers use Condor to make better decisions - saving millions and de-risking their operations.

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The Ask

If you are a business in the US or in France spending more than €1M/y on electricity, Condor can help you improve your energy procurement.

Visit condor.energy to book a demo - or send an email here.  

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Learn More

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^{Visit www.condor.energy to learn more.}

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^{If you are a business in the US or in France spending more than €1M/y on electricity, Condor can help you improve your energy procurement.}

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^{Visit the website to book a demo - or send an email here.}  

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^{Follow Condor Energy on LinkedIn.}

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