Swedish state-owned power company Vattenfall has bought Amsterdam-based energy software start-up Senfal, amid a flurry of merger and acquisition activity in the demand-side response and energy trading sectors this year. Senfal provides AI-based trading technology to deliver efficient use of energy, while making buy and sell decisions in short-term markets using autonomous bots. The deal is expected to close by mid-2018, according to people familiar with the matter.
Swedish state-owned power company Vattenfall has bought Amsterdam-based energy software start-up Senfal, amid a flurry of merger and acquisition activity in the demand-side response and energy trading sectors this year. Senfal provides AI-based trading technology to deliver efficient use of energy, while making buy and sell decisions in short-term markets using autonomous bots. The company also claims to significantly reduce energy bills for large industrial companies, while improving power trading profits for solar, wind and battery storage owners.