European 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.
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.