Ascend Analytics has appointed Matt Tormollen as Chief Executive Officer, succeeding founder Dr. Gary Dorris, who moves to Executive Chair & Chief Economist. This leadership change strengthens the company's focus on trusted analytics, innovation, and growth in power market intelligence.
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Ascend Analytics has named Matt Tormollen as its new Chief Executive Officer, marking a key leadership transition designed to accelerate growth and innovation in power market analytics. Tormollen succeeds Dr. Gary Dorris, the company's founder and former CEO, who will now serve as Executive Chair & Chief Economist. In this role, Dorris will continue guiding the company's long-term vision and strategic direction while remaining actively involved.
Tormollen offers deep expertise in scaling B2B software platforms for complex, regulated energy markets. His background includes leading technology solutions that enhance transparency, operational resilience, and capital efficiency across energy supply chains. Most recently, he served as CEO of POWWR, an enterprise software provider for energy suppliers and brokers.
This change reinforces Ascend's established reputation for analytical independence and rigor after 24 years in the industry. With a strategic growth investment from Rubicon Technology Partners, Galvanize, and Silversmith Capital Partners secured two years ago, Ascend has sustained strong momentum, achieving record performance in 2024 and 2025 through its comprehensive suite of solutions that deliver economic value to energy buyers and producers.
"Power market participants, now more than ever, need clarity and confidence in decision-making and responsible stewardship of capital as they address the pressing challenges of power supply and structural change to energy markets," said Dr. Gary Dorris, Executive Chair & Chief Economist of Ascend Analytics. "Matt's track record of operating and scaling high-impact software and technology businesses in dynamic market environments demonstrates the operational excellence to continue to grow Ascend. I look forward to partnering closely with Matt as Ascend extends its positive impact on a transforming energy landscape."
"Our customers are navigating accelerating load growth, volatile markets, and unprecedented capital deployment decisions," said Matt Tormollen, Chief Executive Officer of Ascend Analytics. "My focus is simple: protect and enhance the analytical integrity and trusted, bankable valuations Ascend is known for, invest in product innovation, and deepen our partnership with customers as they plan, operate, and finance the next generation of power infrastructure."
Under Dorris's leadership, Ascend has expanded to a team of 160 professionals serving more than 250 customers, including utilities, financiers, developers, and independent power producers. These clients depend on Ascend's tools for critical investment and procurement decisions in a power industry facing rapid load growth, rising renewables integration, electrification, and increasing market complexity. The company has broadened its offerings and geographic reach, positioning it for greater impact in this evolving landscape.
"Gary and the Ascend team have built a differentiated approach to power market analytics and intelligence that utilities, developers, financial institutions and other energy market stakeholders trust with their most complex decisions," said Alison Beyer, Principal at Rubicon Technology Partners. "This transition reflects and extends the company's momentum. Matt's experience and skill set as a technology executive, advisor, investor, and coach will accelerate Ascend's market leadership, and we're excited to support the team as they continue to scale and deliver for their customers."
Ascend Analytics is the leading provider of market intelligence and analytics solutions for the power industry. The company's offerings enable decision makers in power supply, procurement, and investment markets to plan, operate, monetize, and manage risk for renewable energy and storage assets. From real-time to 30-year horizons, their forecasts and insights are at the foundation of over $50 billion in project financing assessments. Ascend provides energy market stakeholders with the clarity and confidence to successfully navigate the rapidly shifting energy landscape.
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