‘Silicon Valley of energy trading’: the Danish companies seeking an edge in renewables

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Financial Times 1d ago

‘Silicon Valley of energy trading’: the Danish companies seeking an edge in renewables - Financial Times

Quick Summary:

Aros Commodities, Pure Power Trading, Aarhus Energy and Asgard — mostly owned by ambitious young founders — were all established in Aarhus and Aalborg in 2023.

The greater complexity and vast amounts of data have given sophisticated trading algorithms far greater importance, creating opportunities for traders such as InCommodities that can design and deploy them.

Marc Zimmerlin, a partner at the consultancy Oliver Wyman, said the power trading market had changed as smaller participants built the financial strength to attract staff.