VEST Energy, a new energy trading company, has been launched to fill the gap between start-ups and less dynamic large trading companies. The company was launched at the end of July by Aaron Lally, who has previously held positions at Kiwi Power, AI Power Trading and Mercuria Energy Trading. VEST will use machine learning algorithms to predict energy prices, using a hybrid model that combines reliably informed artificial networks and fuzzy logic. This will allow the company to take advantage of high and low energy prices, choosing when to dispatch power from renewables and energy storage. With the growth of unsubsidised renewables in the UK, as well as energy storage coming out of Enhanced Frequency Response contracts, the country is “ripe for this type of product”, he continued.
Current News 28th Sept 2020 read more »