Molecule Software has been recognized for its groundbreaking advancements in energy trading and risk management (ETRM) Software for power and renewables trading, earning two Innovation awards in the 2025 Power Technology Excellence Awards.
The Power Technology Excellence Awards honor the most significant achievements and innovations in the Energy industry. Powered by GlobalData’s business intelligence, the Awards recognize the people and companies leading change and shaping the industry’s future.
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Molecule Software won the Innovation award for its Elektra add-on, which revolutionizes power trading by providing seamless connectivity and advanced data management and reporting capabilities. It also won the Innovation award for its Hive add-on, which is exceptional at managing renewable certificates with precision and efficiency.
Revolutionizing ETRM software with Elektra
Molecule Software’s Elektra add-on has set a new benchmark in ETRM software, particularly for its adept handling of North American power markets. Elektra’s ability to seamlessly connect with all North American Independent System Operators (ISOs) ensures reliable power position tracking in both Day-Ahead and Real-Time markets. This connectivity is crucial for traders who require accurate and timely data to make informed decisions, allowing them to respond swiftly to market fluctuations and optimize their trading strategies.
A standout feature of Elektra is its embedded block logic framework, which offers unparalleled flexibility. The framework allows trades to be compiled into summary positions or dissected into minute-by-minute granularity, providing traders with a comprehensive view of their positions. Such granularity is essential for understanding the intricate dynamics of power trading, where even minor discrepancies can have significant financial implications. Furthermore, Elektra’s integration with NRGStream for downloading hourly power prices empowers users to convert trades at various granularities, enhancing their ability to react to market changes with precision.
Advancing renewable trading systems with Hive
In the domain of renewable energy, Molecule Software’s Hive add-on has been recognized for its exceptional capabilities in managing renewable certificates. Hive addresses the intricate challenges of handling a wide variety of certificates, including Guarantees of Origin (GoOs), Renewable Energy Certificates (RECs), European Union Allowances (EUAs), and Regional Greenhouse Gas Initiatives (RGGIs). Its precision in capturing and managing certificate attributes facilitates detailed tracking and compliance, which is essential for companies navigating the complexities of renewable energy markets and meeting regulatory requirements.
Hive’s ability to manage certificates in bulk and generate retirement instructions streamlines renewable energy operations, offering a single platform to manage renewables positions alongside other energy and commodity portfolios. This integration is vital for companies seeking to optimize their renewable portfolios while maintaining a comprehensive view of their overall energy strategy. By providing a centralized system for managing diverse energy assets, Hive reduces operational complexity and enhances strategic oversight.
With nearly a decade of expertise in modeling renewables, Hive provides a forward-looking solution that addresses both current and future industry needs. Its innovative approach to solving complex challenges, such as building multi-factor curves and optimizing certificate retirement, positions Hive as an industry leader in renewable trading systems. For instance, Hive’s capability to build multi-factor curves allows companies to model market scenarios more accurately, enabling better forecasting and decision-making. Additionally, its optimization features ensure that certificate retirement is handled efficiently, accounting for various factors such as market prices and eligibility criteria.
Molecule, along with both the Elektra and Hive add-ons, simplifies complex power and renewable trading operations through a user-friendly, intuitive interface, which democratizes access to sophisticated trading tools. This accessibility is particularly beneficial for organizations that may not have extensive in-house technical expertise but still require robust trading capabilities. By significantly reducing the time required for reporting and analytics, Molecule enables more sophisticated risk management, allowing traders to focus on strategic decision-making rather than being bogged down by administrative tasks. Additionally, Molecule’s ability to handle vast amounts of data without downtime supports large-scale power portfolio management, making it an indispensable tool for modern trading organizations seeking to maintain a competitive edge.
“Winning these awards is validation that focus matters. While the conventional wisdom has been that ETRMs must do everything for everyone, at Molecule, we have made a point to focus on this part of the energy industry, and it shows.”
– Sameer Soleja, CEO, Molecule Software
Company Profile
From power and renewables to data centers and crypto, Molecule’s future-ready ETRM platform helps you stay ahead, no matter how the markets evolve. With Molecule, you benefit from:
- A cloud-native, centralized system of record for your portfolio
- Automation of everything from trade capture to settlement
- Accurate position, exposure, and P&L
- Scalability for even the most complex portfolios
Whether you’re modeling physical or financial power, PPAs, data centers, or renewable certificates – Molecule can handle it. Find out more at molecule.io.
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