S&P Global announced it has completed the acquisition of Enertel AI Corporation, a company focused on AI-driven short-term power price forecasting for North American electricity markets. The deal strengthens S&P Global’s Energy division by adding real-time, AI-powered forecasting capabilities to its existing long-term market intelligence offerings.
With this acquisition, S&P Global Energy expands its ability to deliver a full spectrum of power market insights, ranging from long-term strategic outlooks to next-day and sub-hourly nodal price forecasts. The integration of Enertel’s technology enables enhanced decision-making tools for physical power traders, utilities, and asset operators navigating increasingly complex and fast-moving electricity markets.
Founded in 2021 and incorporated in Ontario, Enertel AI specializes in probabilistic, nodal-level price forecasting across major North American independent system operators. Its proprietary models incorporate a wide range of inputs, including market prices, load data, weather conditions, and fuel costs. The company also leverages graph neural networks to produce high-precision forecasts and decision support tools.
S&P Global said the acquisition aligns with its strategy to expand into high-value areas within the energy sector, particularly as power markets undergo rapid transformation driven by renewables, grid complexity, and increased demand for real-time intelligence.
The company noted that the transaction is not expected to have a material impact on its financial results.
KEY QUOTE:
“The power markets are undergoing unprecedented transformation, and our customers need intelligence that moves at pace. Enertel AI Corporation was built for this environment. Their proven track record and innovative approach make them a natural and compelling addition to S&P Global Energy. We’re committed to expanding into high-value areas of the Energy market, and this acquisition is a clear step forward in that strategy.”
Dave Ernsberger, President, S&P Global Energy
