Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
ElectronX, a new financial exchange, is set to revolutionize the electricity market by offering hourly electricity futures to hedge and trade intraday price volatility caused by intermittent wind and solar power, as well as extreme weather conditions. The company is applying for CFTC exchange and clearinghouse licenses and has recently raised $15 million in a seed round. Backed by investors including DCVC, ElectronX aims to build a marketplace where companies can shield themselves from price volatility associated with renewable energy sources. ElectronX will also offer derivatives products that capture the intraday price fluctuations of the rapidly changing electrical grid.
Why do we believe @Trade_ElectronX represents a crucial piece of the puzzle in decarbonizing the grid? Learn from @DCVC general partner @alitamaseb 👇 https://t.co/Te1JIBWsPd
We're excited to have partnered with @Trade_ElectronX in their $15m round to build a new exchange for trading electricity. ElectronX will offer derivatives products that capture the intraday price fluctuations of our rapidly changing electrical grid. https://t.co/r8fm2NHddi
ElectronX is building a new financial exchange to trade #electricity futures. We couldn’t be more excited about the opportunity ahead and the company's potential! Learn more about the ElectronX launch in @WSJ. https://t.co/DWOHN8kj8G
