HData partnered with Alabama Power to design HData Insights
BIRMINGHAM, AL - HData, the only RegTech company delivering streamlined compliance and business intelligence to the energy industry, today announced the next generation of its energy regulatory business intelligence. The general availability launch of the product will bring smart dashboards and predictive analytics to inform financial management and regulatory compliance.
"We are celebrating a new phase in our company’s history, one which was made possible by our partners at Alabama Power Company," said HData Founder and CEO, Hudson Hollister. "We are releasing HData Insights, the first business intelligence solution in the energy industry built around your problems, not your forms."
After graduating from the Techstars accelerator program, HData announced a strategic partnership and relocation to Birmingham in December 2021. The partnership formed with Alabama Power has created an ideal model for early-stage businesses gaining mentorship and industry knowledge.
"Never before has a regulated utility partnered with a RegTech startup to create new business intelligence software," said HData co-founder and Chief Technology Officer Yuval Lubowich. "We had an unprecedented understanding of the way that leaders in the utilities industry work with regulatory information. We were able to bring in our HData's team's best-in-class abilities in data science, economics, user experience, and software development. And the result speaks for itself: the next generation of energy regulatory business intelligence."
HData’s platform uses regulatory data to automate compliance and business intelligence for electric utilities, gas companies and oil pipelines. The mission of the company, founded in 2018, is to digitize the interface between the regulatory and private sectors by creating and scaling platforms that take advantage of digital reporting.