Key results 2021
Twh of traded volumes
EURm of Gross Profits
percent return on equity
Actively traded markets
EURm of EBT
From Software House to Energy Trading Company
Nitor energy was founded in 2017 as a software house for energy related solutions. We have now expanded into energy trading using our own proprietary software.
The modern energy grid with its increasing share of renewables faces a mismatch between the characteristics on the demand side and the supply side. On the demand side, there is a certain amount of consumption, which needs to be exactly matched at any given moment by production. On the supply side there are renewables which come and go according to the weather. The variance in the predictability of renewables thus results in increasing instable systems the more renewables enter the market.
That is where energy trading companies like Nitor Energy come into play. We don’t produce nor consume power. Instead, we focus on predicting the system length and price. We balance the market with our trading activities when other players need to for example sell off their renewable power from wind turbines in case there is an unexpected sudden wind surge.
Our software driven approach makes it natural to us to handle large amount of data and find the right predictors. We always think software end-to-end. Because we fully integrate software development into the trading teams, our models are very close to what is happening on the trading screen. This approach leads to unique tailor made, very adaptable models which main objective is to maximize profit instead of a high R².
Nitor Energy A/S
8000 Aarhus C
+45 8863 8794
© Nitor Energy A/S 2022