Our Company

Bitwatt Systems develops software that enables the owners of large energy assets (e.g. power plants, refineries) to visualize their total market risk and create a globally optimal hedging strategy.  From our own experience and our market interviews we have seen a gap in most energy companies’ IT landscape.  They don’t have the user-friendly tools needed to coordinate market activity across large and diverse portfolios, to simplify the modelling of flexibility, or to allow top managers to lead the strategy discussions.  Portfolio visualization (and comprehension) is just as important to the customer as numerical reliability.

Behind the user-interface, we seek to push the envelope of technology by employing stochastic optimization routines where the problems are tractable and AI hedge advisers for problems less easily formulated.  With our system, companies can better meet their specific top-line financial targets with a globally coherent market strategy.

— TEAM —

CHAD HLADIK traded energy futures and optimized utility-scale asset portfolios for 10 years at a US hedge fund and European utilities.  With an understanding of how to monetize asset flexibility with futures markets and how to ride fundamentally-driven price trends, he created significant value for his companies’ shareholders. Chad holds Masters degrees in both Physical Chemistry and Quantitative Finance from the Georgia Institute of Technology, where he worked on diffusion simulations, SVM estimation of credit default risk, and pricing structured financial products.

CAROLINE GRITTE worked for several years in accounting, risk management, and back office for UBS wealth management and E.ON.  She has a Masters degree in economics from Université catholique de Louvain and a professional certification in finance.

 

— ADVISORS —

TIM ESCHERT is a Mechanical Engineer by training and works as the Sales Engineer at Fero Labs.  Since 2017, he is Fero Labs’ “foot on the ground” in Germany.  Tim’s previous work includes providing consulting services to companies on the implications and implementations of Industry 4.0, Smart Services, Artificial Intelligence, and Internet of Things.  As a researcher at Columbia University’s Department of Computer Science (New York) and Rio de Janeiro University’s robotics lab, he co-authored several high-ranked papers.