Trading Energy Storage With Algos: How and Why?
Introducing our latest in a series of webinars discussing the fundamentals of algorithmic trading within the energy industry. Trading on the intraday electricity market backed with an energy storage asset is becoming increasingly profitable, but it is difficult. This is because it involves performing complex real-time arbitrages over multiple energy contracts all trading at the same time. In this session, our panellists explore the different types of storage assets, how are they traded, the challenges of trading on the intraday market as well as the role of algorithms in managing and trading storage assets. We’ll discuss opportunities for storage optimisation and monetisation within the power market.
We will cover:
- What are storage assets and why are they needed?
- How are storage assets traded now and how can they be monetised?
- The role of algorithms in trading storage assets | Are algos needed and if so why and where can they be used?
- What does the future look like for storage assets?
To discuss this, we’re joined by Hamdi Ammar, Commodity Management at TRIMET ALUMINIUM SE, Tarik Berrada, Data Science Team Lead at Trayport, Daria Madjidian, Co-Founder and Chief Scientist at Emulate Energy, and Tom Witter, Co-Founder & CTO Suena. The panel will be moderated by industry expert and CEO of Contango Markets, Clive Furness.
Join us, for what is sure to be an engaging conversation.
Wednesday 6th December 14:00 GMT (15:00 CET)
Speakers
Hamdi Ammar – Hamdi is a commodity manager at TRIMET ALUMINIUM SE. He is a power flexibility marketing expert with ten years of experience in business and use case development for flexible power generation, consumption, and storage technologies, as well as in trading automation and algorithmic strategy implementation. He received his M.Sc. in Electrical Engineering & Information Technology from RWTH Aachen University and his Master of Business Administration from FOM Hochschule.
Tarik Berrada – Tarik Berrada has been working in the energy and energy software industry since 2015. Trained as a physicist with a PhD in quantum mechanics, he worked as a quantitative analyst and data scientist for an Austrian energy company, specializing in modelling, optimization and forecasting. In 2020, Tarik joined Trayport, a leading provider of energy trading software and has led Trayport’s data science team since 2020.
Daria Madjidian – Daria Madjidian is a Co-Founder and the Chief Scientist at Emulate Energy. Emulate’s software is used by electricity companies to optimize energy consumption, reduce costs, and help balance the power system. Daria received his Ph.D. in Control Theory in 2014 from Lund University, where he worked on the control of wind power plants. Between 2015 and 2017, he was a postdoctoral associate at MIT, where he developed a methodology to quantify the flexibility of EV fleets. Between 2017 and 2020, before founding Emulate, Daria worked at DNV as a senior Power Systems Engineer.
Clive Furness | Moderator – Clive is widely recognised as one of the World’s leading commodities and derivatives specialists and is the founder of Contango Markets – one of the world’s foremost commodity and derivatives trading and market technology consultancies. Prior to this, between 1993 and 1999 Clive was a senior executive at LIFFE/London Commodity Exchange, where he held the posts of Director of Business Development, Director – Commodity Products, Market Development and Communications Director and Director – Account Management.