Dexter Energy teamed up with TotalEnergies by joining their start-up accelerator program dedicated to the electricity business.
In this video, our co-founder and CCO, Hubert Penn, explains what we do and how we aim to help TotalEnergies:
Renewable production is volatile and cannot be planned. This creates an increased pressure on the stability of the grid.
Balancing costs for renewables in the EU have grown by 60% in the last years and exceeded a staggering €20 billion in 2022. This has a significant financial impact on the trading business of energy companies.
Dexter helps energy companies get a grip on rising balancing costs by providing AI-based forecast and trade optimization, therefore enabling a higher penetration of renewables. Dexter is unique because we provide an end-to-end trade optimization solution that combines price and energy forecasting.
And, our solution is scalable. We provide our product through a revolutionary, easy-to-use, and scalable API that can handle large renewable portfolios with thousands of time series data from the decentral portfolios, solar, wind, and batteries.
We are participating in the TotalEnergies On accelerator because we think we can help TotalEnergies with the trading of these renewables. We are starting with the trading and forecasting optimization of a 300 MW wind park in Belgium that causes balancing costs in the millions. Our goal is to reduce those costs by 10 to 25%.