To combat climate change, we need to change our habits, and the boldest of us will have to take some risks.Alternative energy sources are in the spotlight, but their business circumstances are far from perfect. Renewable energy companies face a unique challenge: intermittent production due to unpredictable weather conditions.Wind and solar farm operators take hourly risks and are obliged to pay grid imbalance penalties whenever their forecast deviates from actual production.As the Managing director at SAMAWATT, I contribute to solving a $20 billion a year challenge for wind and solar farm operators.Backed by my PhD in Mathematical Finance, we developed a proprietary algorithm that reduces grid imbalance penalties by order of magnitude.SAMAWATT’s plug-and-play automated trading software-as-a-service solution - OptimalAsset™ helps renewable park operators achieve a 10% to 30% increase in net profit by smart trade execution and reducing grid imbalance penalties.OptimalAsset™ is modular and offers separate tailored services:⚡ Real-time dispatch optimisation, taking into account price and production uncertainty⚡ Market risk monitoring and dashboard for key risk factors with mitigation actions⚡ Power Price forecast and proprietary trading strategies⚡ Renewable production forecast⚡ EPEX API for automated algorithmic trading⚡ Battery storage optimizationIf you are a renewable park operator selling electricity in the wholesale market and are eager to turn your risk into opportunities, feel free to message me here on LinkedIn!Specialities: Management consulting | Financial engineering | Structuring | Quantitative analysis | Commodity trading | Market strategic analysis | Education and training | Machine learning | Renewables | Renewable forecast | Power dispatch optimization | Wind farms | Solar plants | Renewable energy trading | Algorithmic trading
Listed skills include Commodity, Risk Management, Trading, Quantitative Analytics, and 30 others.