Ascend Analytics

Ascend Analytics, founded in 2002 and headquartered in Boulder, Colorado, provides market intelligence and analytics solutions for the power industry.

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Provides analytics and forecasting tools to help energy companies plan and optimize power supply, procurement, and investment decisions.

Ascend Analytics, founded in 2002 and headquartered in Boulder, Colorado, provides market intelligence and analytics solutions for the power industry. The company specializes in forecasting, valuation, and optimization tools for energy markets, helping utilities, developers, and financiers navigate the complexities of renewable energy integration and grid modernization. With a team of 160 professionals, Ascend serves over 250 clients, including utilities, independent power producers, and financial institutions.

The company recently announced a leadership transition, with Matt Tormollen taking over as CEO from founder Dr. Gary Dorris, who now serves as Executive Chair & Chief Economist. Ascend's solutions underpin over $50 billion in project financing assessments, reflecting its critical role in high-stakes energy decisions. The company has seen record performance in 2024 and 2025, supported by investments from Rubicon Technology Partners, Galvanize, and Silversmith Capital Partners.

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Who buys this

  • Utilities and grid operators
  • Renewable energy developers
  • Independent power producers
  • Financial institutions and investors
  • Energy traders and procurement teams

Strengths and what to watch

Strengths

  • Deep expertise in energy market dynamics and long-term forecasting
  • Trusted by major utilities and financiers for high-stakes decisions
  • Strong track record of organic growth and recent strategic investments

Watch for

  • Leadership transition with new CEO Matt Tormollen in 2026
  • Dependence on energy market volatility for demand
  • Competition from larger analytics platforms and in-house utility solutions

Recent moves

Key Information

Founded
2002
Headquarters
Boulder, Colorado

Frequently Asked Questions

What does Ascend Analytics do?

Ascend Analytics provides market intelligence and forecasting tools for energy companies. Founded in 2002, it helps utilities, developers, and financiers optimize power supply, procurement, and investment decisions. Their solutions support renewable integration and grid modernization, underpinning over $50 billion in project financing assessments.

Who uses Ascend Analytics' energy forecasting tools?

Ascend serves 250+ clients including utilities, independent power producers, financial institutions, and energy traders. Their tools help grid operators manage renewable integration, developers assess project viability, and financiers evaluate energy investments. Key segments benefit from their market forecasting and optimization capabilities.

How does Ascend Analytics help with renewable energy planning?

Ascend provides valuation and optimization tools for renewable energy markets. Their solutions help utilities integrate renewables into the grid, assist developers in project siting, and enable financiers to assess clean energy investments. The platform analyzes market dynamics affecting solar, wind, and storage deployments.

Who is the new CEO of Ascend Analytics?

Matt Tormollen became CEO in 2026, succeeding founder Dr. Gary Dorris who now serves as Executive Chair. This leadership transition marks Ascend's next growth phase, building on record 2024-2025 performance and investments from Rubicon, Galvanize, and Silversmith Capital Partners.

What makes Ascend Analytics different from other energy analytics providers?

Ascend combines deep energy market expertise with specialized forecasting tools trusted for high-stakes decisions. Their solutions have assessed $50B+ in projects, focusing on renewables integration. Unlike generic platforms, they offer energy-specific modeling with 160 professionals serving utilities, developers, and financiers.

Where is Ascend Analytics headquartered?

Ascend Analytics is based in Boulder, Colorado. The 160-person firm has served energy markets since 2002 from this location, providing analytics for North American and global clients navigating power market transitions and renewable energy adoption.

Sources

  1. www.ascendanalytics.com — Company overview, product ecosystem, and recent news
  2. www.prnewswire.com — Leadership transition and company growth
  3. www.prnewswire.com — Energy transition predictions and market analysis
  4. www.sec.gov — Financial performance and revenue growth