Press Release
Molecule Receives Two 2025 Power Technology Excellence Awards for ETRM Innovation
GlobalData recognizes Molecule Software and its Elektra and Hive functionality for groundbreaking advancements in power and renewables trading.

HOUSTON, TX – 29 April 2025 – Molecule is pleased to announce that it has received two Innovation awards in the 2025 Power Technology Excellence Awards. Molecule has been recognized for its groundbreaking advancements in energy trading and risk management (ETRM) software for power and renewables trading.
Molecule’s Elektra and Hive modules received top honors for excellence in power portfolio management and renewable certificate management, respectively.
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.
Power portfolios are naturally complex and data-intensive, and even a simple position requires understanding peak blocks and unit conversions that differ worldwide.
Elektra provides connectivity with all North American Independent System Operators (ISOs) for managing ISO trading directly within Molecule. Its advanced functionality handles the unique complexities of modern power trading, with an embedded block logic framework that provides flexibility for long-term modeling at a granular level. Using Elektra, power trading companies can easily model multi-decade Power Purchase Agreements (PPAs) at a 15-minute granularity and manage virtuals, Financial Transmission Rights (FTRs), and congestion trading at every stage – from award to hourly settlement.
“In many cases, these are things that our peers in ETRM just don’t do,” said Sameer Soleja, founder and CEO of Molecule. “The idea is that customers don’t have to deal with all the messy wrangling and system limitations that often come with power trading. With our platform and the super-modern tech that underlies it, we just take care of it all.”
Managing renewable certificates is typically a manual process involving tens of thousands of data points and virtually no ability to optimize.
Hive, which provides functionality for managing the full lifecycle of production-linked renewable certificates and obligations, automates this historically cumbersome process. It 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) – and enables management at every stage in the process, from trade to retirement. With nearly a decade of expertise in modeling renewables, Molecule built Hive to handle both current and future industry needs.
According to Soleja, “Matching obligations to certificates, retiring certificates, connecting to registries, and optimizing the usage of certificates with regards to forward deliveries, market prices, eligibilities and more…this is a level of maturity many of our customers aspire to, and which Hive just does.”
Molecule’s dual awards highlight its dedication to innovation and its role in shaping the future of the energy industry. These recognitions affirm Molecule's status as a leader in delivering technology-forward ETRM solutions for power and renewables that meet current and future industry needs.
“Winning dual awards for Innovation is validation that focus matters,” said Soleja. “While that is an undeniable fact of software-as-a-service at large, 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.”
About MoleculeFrom power and renewables to data centers and crypto and anything else you trade, Molecule's future-ready ETRM platform helps you stay ahead, no matter how the markets evolve. With Molecule, you benefit from:
- A cloud-native, multi-tenant, 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 trades, PPAs, data centers, or renewable certificates – Molecule can handle it. Find out more at molecule.io.
Kari Foster
Molecule
Phone: +1 832.464.4037
Email: kari@molecule.io