AMS Names New CEO as Software Product Gains Traction
Summary
Susan Kennedy, the veteran of California politics and energy policy who founded the company in 2014, handed off the CEO role last week after five years at the helm. Seyed Madaeni has stepped into the role of CEO, after having led development of the companys software algorithm for economic dispatch of energy assets in complex market conditions. He brings doctorate-level technical expertise as well as a career in energy markets and algorithmic trading at Pacific Gas & Electric, SolarCity and Tesla before joining AMS. The algorithm, for instance, can predict negative pricing and curtail wind farms to save their owners money, something that human traders would be hard-pressed to achieve. It landed on software, in particular using artificial intelligence to crunch the myriad variables that influence competitive energy markets, while accounting for physical and regulatory operational constraints.
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