EQS-News: ENCAVIS investment in TokWise: Joint development of AI-powered Software-as-a-Service (SaaS) to optimise electricity sales
The Sofia-based company has set itself the goal of accelerating the digital transformation of the way energy market participants buy and sell their electricity on the different markets.
- The Sofia-based company has set itself the goal of accelerating the digital transformation of the way energy market participants buy and sell their electricity on the different markets.
- The TokWise platform enables power producers, such as Encavis AG, as well as industrial electricity consumers, to link their assets directly to the power exchanges and thereby take control of the purchase and sale of electricity.
- “In addition, we can use this expertise in algorithm-based power trading and balancing Group management to optimise the charge and discharge of our battery in Hettstedt,” adds Schirru.
- “The strategic investment from Encavis will open new opportunities for us by giving TokWise an exposure to pan-European platforms, industry expertise and access to new markets,” says Krasimir Kolev, Co-founder of TokWise.