Case Study: Plug Power reduces peak demand charges with Amperon's grid demand forecast

Plug Power cuts peak demand charges with Amperon, avoiding over $4M annually

Plug Power, a global leader in hydrogen solutions, faced significant financial risk from multi-million-dollar electricity demand charges at its high-load production plant. Their previous forecasting provider delivered inaccurate predictions, especially during extreme weather, which contributed directly to financial exposure. To manage these costs, Plug Power partnered with vendor Amperon to utilize its grid demand forecast.

Amperon’s platform provided Plug Power with a user-friendly API and a 15-day load forecast, enabling the operations team to proactively curtail production ahead of potential peak events. This solution reduced forecast error by 40% and generated an estimated $2.3 million in savings, with implementation completed in just three weeks. By leveraging Amperon’s accurate forecasts, Plug Power can now confidently avoid annual demand charges exceeding $4 million.

Plug Power