Announcing a strategic licencing agreement with cQuant.io (“cQuant”), a leading energy and data analytics Software as a Service (SaaS) provider based in Louisville, CO, is Evolution Markets Inc. (“Evolution Markets”), a leading provider of financial and transactional services in global energy and environmental markets.

As part of the deal, Evolution Markets will use cQuant’s price simulation, renewable energy, and battery storage analytic services to further aid their customers in the purchase and sale of renewable energy and the management of energy price risk. Incorporating cQuant’s data analytics tools would strengthen Evolution Markets’ “Structuring as a Service” outsourcing initiative, which provides innovative, low-cost services for businesses and organisations seeking to address challenges related to the transition to a zero-carbon economy.

“Our wholesale and retail corporate power customers are requiring more advanced energy data analytics capabilities from us in support of their businesses,” said Brian Beebe, Managing Director of Structured Transaction Solutions at Evolution. “cQuant’s platform offers Evolution the ability to scale usage as our renewable and advisory businesses grow.”

The CEO of cQuant.io made the following statement about the partnership: “We are pleased to work with Evolution Markets in support of its environmental and structured transaction markets expansion. Our solutions allow customers like Evolution to analyse the value, risk, and hedge effectiveness of their energy portfolio.”

Source: Prnewswire