BitWatt Systems develops cloud-based software that enables the owners of large energy assets (e.g. power plants, refineries, customer portfolios) 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 users as numerical reliability.
Behind the user-interface, we seek to push the technological envelope 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.