Molecule Places in the Top 10 of the Chartis Energy50 2024 Report
The Chartis Energy50 2024 report and rankings are out, and we have exciting news to share!
Not only did Molecule enter the top 10 for the first time, moving up 5 spots from 2023, but we also were recognized as a category leader!
It’s no secret the energy space is changing. According to the IEA’s World Energy Outlook 2023, current policies are setting the stage for a “considerably different global energy system by the end of this decade.”
…Are we ready for it? More importantly: are we helping our customers adapt?
Today’s energy trading and risk management market is undergoing several structural changes, especially in LNG and renewables. Naturally, all of this change means technology must change along with it. According to Sid Dash, Chief Researcher at Chartis Research, “We believe that in the next several years, the evolution of energy markets will be complex, with increasingly incomplete markets developing. These markets will require a considerable amount of sophisticated risk management, as well as a constant readjustment of positions by most participants.”
As a modern energy technology vendor, it’s not enough to say “This is the way we’ve always done it” — those who fail to keep up will find themselves left in the dark.
At Molecule, one of our core missions is to drive innovation in energy and commodities trading forward. That’s why we feel honored to be recognized as a leading energy trading risk management software solution by Chartis Research.
About Chartis Energy50 Rankings
Every year Chartis Research, a leading authority in risk technology research, releases a list of their top 50 energy technology vendors based on select criteria such as functionality, core technology, market impact, innovation, and strategy. Along with their top 50 vendors, Chartis also names several Category Winners based on region and solution.
Additionally, Chartis’ comprehensive report gives insight into today’s energy markets trading tools (including ETRMs, analytics, as well as their market predictions). You can read the full report here.
According to the report, the ETRM ecosystem is evolving to become more distributed and central to decision-making within the energy trading organization. They have come a long way from spreadsheets to include “standard and independent pricing devices, pricing frameworks, and mathematical models,” not to mention data warehouses as a central part of the ETRM.
As this ecosystem continues to evolve, ETRM vendors are adapting to support the changing needs of trading departments — and “rapidly increasing volatility” is at the forefront of that change.
Molecule Recognized as a Top Energy Trading Vendor
At Molecule, we’ve long been a pioneer in modern energy trading and risk management with a cloud-native, user-friendly ETRM software solution — and we’re leading the way to support energy market shifts. We are especially proud of our latest recognition by Chartis, after we were named a Rising Star in their RiskTech100 report 2023 and secured the #15 spot in their Energy50 2023 report.
This year, Molecule placed in the Top 10. We are thrilled to not only make it on this esteemed list again, but to move up in the rankings and be recognized among the best of the best. We were also recognized as a category leader for Best Futures and Options Trading System, cementing our place as a superior ETRM solution helping trading organizations adapt to the evolving energy industry.
“Molecule’s top ten position and category win reflect its strong focus on exchange-traded markets,” said Dash. “Moreover, Molecule combines this with robust support for integration and the associated full trade lifecycle.”
Beyond futures and options, Molecule was built to handle it all — from formula-priced deals and bilateral trades, to PPAs, virtuals, exotics, and more. And as energy markets shift, we’re shifting along with them — enabling management of complex power portfolios and renewable credits and offsets.
In addition, Bigbang is meeting the increasing need to make sense of complex, time-series data in a cloud environment. Molecule’s data-lake-as-a-service allows users to merge all their trading data from Molecule and other sources to simplify complex data queries and gain more meaningful insights.
“With continuous innovation at our core, Molecule was built to be the best E/CTRM on the market,” Sameer Soleja, Molecule’s founder and CEO, said. “This recognition celebrates our team’s dedication to excellence and to creating an E/CTRM our customers love.”
The Future of Energy Trading and Risk Management Software at Molecule
As proud as we are of our accomplishments, we have more rollouts in the works so our customers can continue to enjoy the latest Molecule has to offer, all in a streamlined, user-friendly, and reliable platform.
About Molecule
Molecule is modern, reliable energy and commodities trading risk management software — built in the cloud with an intuitive, easy-to-use experience at its core. Molecule’s ETRM/CTRM platform is built for energy and commodity traders, risk managers, and operations teams at hedge funds, IPPs, producers, and world-scale energy and PE firms — in power, gas, crude, refined products, renewables, chemicals, agricultural products, fuel, and cryptocurrencies. Molecule automates routine tasks and complex position, P&L, and risk calculations — getting your ETRM/CTRM out of your way so you can focus on more important things. See how Molecule can power your trade risk management operations and schedule a demo.
