We're excited to have partnered with Sam, Evan, and Philip at ElectronX in their $15m round to build a new exchange for trading electricity derivatives. The shift to renewable energy sources like wind and solar and increasing electricity use from EVs, data centers and others creates high volatility in the spot price of electricity, seeing triple digit percentage swings (sometimes into negative price) for industrial users. ElectronX enables energy producers, storage asset owners, and other stakeholders in the energy space such as traders to trade and hedge against the price of electricity in real-time. At DCVC we are excited about electrification and the future of the grid and looking to invest more into this space. https://lnkd.in/gwVa8fPr
Ali, this is very cool.
Thanks for your support Ali Tamaseb! We're excited to partner with you and the rest of the team at DCVC!
CBDO & Co-founder Extrovert, Worktec ● Founder & CEO INNORETAIL Venture Studio ● ex CBDO, X5/5ka ● Ex Strategic Consultant
3wCongratulations on the deal - and wish great returns to you and ElectronX team!