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The start-up ETPA offers electricity traders a platform to optimise portfolios based on 15-minute contracts. (Image: Next Kraftwerke)
Amsterdam (energate) - The Dutch start-up Energy Trading Platform Amsterdam (ETPA) wants to establish an exchange for short-term trading. The company has developed a platform that offers market participants algorithm-based trading in 15-minute products. This should enable participants to optimise generation capacities or consumption at short notice. With the platform, ETPA says it is taking into account the trend that trading is increasingly shifting to the short-term sector due to the volatility of renewables. "Through a fundamental redesign of the system architecture and interfaces, we have succeeded in achieving the most efficient financial and physical settlement process for market participants, whether they are large or small," explained Pol van de Linde, CEO of ETPA.
The start-up has now announced that it has raised €5 million in growth capital via a funding round. The money comes from venture capitalist SET Ventures and a sustainability fund from Dutch bank ABN Amro. ETPA announced that it will use the fresh capital to build up a staff in development and sales as well as internationalisation. The young platform is authorised as a trading venue by the regulatory agency Acer. /rb
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