June 2022

Company Spotlight

Arcus Power

For this Company Spotlight, we interviewed Arcus’s Founder & CEO (Dan Erhardt) about the company’s AI-driven, dynamic energy and emission cost management platform. Arcus's predictive analytics SaaS supports customers in power generation, upstream/midstream oil & gas, mining, steel, forestry, cryptocurrency, food & beverage, and municipalities to reduce operating costs, monetize cost centers, achieve environmental targets and improve grid efficiencies. For more information on Arcus, please visit arcuspower.com.

Background: After a decade-long career as a power trader, Dan Erhardt founded Arcus Power in 2016 to address the void in energy cost management solutions. Over the last five years, Dan and his team have developed a platform with energy analytics, forecasting, and historical data that supports decision making for power market participants. In March 2022, Longbow Capital led a Series A funding round of C$11 million that will help expand its services across North America.

Use Cases:   Arcus’s solutions leverage AI models delivered through a SaaS platform to address the following applications: 

1. Energy Cost Management: Customers across diverse industries utilize Arcus to optimize operations and minimize energy costs through machine learning models that accurately forecast power pricing and demand in 25+ independent system operators (ISOs) in Canada and the U.S.

2. Power Markets Data: Through its acquisition of Nrgstream in 2021, Arcus is able to provide its customers access to one of North America’s largest power market data repositories for historic and real-time power market data, which can be paired with third-party analytics partners to add further tools for dynamic forecasting as well as asset and market analysis.

3. ESG Management: With ESG reporting requirements continuing to be standardized and implemented, Arcus has developed Crbnstream, a solution that enables its customers to track emissions related to their energy consumption as well as predictive emissions models to enable better ESG management.

Closing Thoughts:  With energy and emissions costs only continuing to rise, optimizing operations to minimize energy costs will only become even more critical. We look forward to following Arcus, as it continues to scale.