Yes Energy Acquires Anchor Power Solutions, Expert in Power Modeling Software

Yes Energy, a leader in North American power market data, today announced the acquisition of Anchor Power Solutions, provider of EnCompass, a highly flexible software model for power market forecasting and resource planning covering complex North American power markets. Founded in 2014, Anchor Power’s software helps power companies produce market price forecasts and make optimal power supply decisions to navigate changes to the power grid. The EnCompass model evaluates new technologies comprehensively supporting decarbonization and sustainability while factoring in multilayered reliability, regulatory, and policy requirements.

 “At Yes Energy, our mission is to help the people who make big decisions every day by empowering them with highly reliable data and powerful tools that are easy to use. This acquisition of Anchor Power will enable our combined current and future customers to broaden the range of decisions they tackle using best-in-class data and tools,” said Michael McNair, founder and CEO of Yes Energy.

With the increasing complexities of North American power markets, participants and investors must evaluate many potential market outcomes. Anchor Power brings deep experience building, delivering and supporting power forecasting and planning models capable of representing and evaluating realistic future scenarios. Specifically, EnCompass enables customers to manage their existing supply and demand portfolios and develop long-term resource plans that factor in transmission constraints, environmental obligations, competing economics of different generating technologies, demand response, and energy storage to meet overall electricity demand – a highly complex problem faced by utilities and other participants in power markets. 

Yes Energy customers who need to manage their supply and demand portfolio, especially those evaluating or planning investments in new projects, will now have access to best-in-class modeling software, helping them navigate complex planning challenges. In addition, EnCompass’s nodal transmission modeling capability combined with Yes Energy’s market-leading solutions for short-term power market congestion analysis –  a critical driver of trading and power market investment decisions –  will help anyone seeking to better understand the dynamics of North America’s highly complex grid. 

See the full press release.