TokWise

Meet Alexandra Topchieva, our Product Manager 👋 Alexandra is in charge of product management, using customer feedback to improve and enhance our product features. She also manages customer relationships to ensure the success and satisfaction of our customers. Her dual focus on customers and product development is crucial to help drive product adoption and ensure the continuous improvement of our software. Alexandra’s journey with TokWise started on a sunny summer day in 2020 when, after grabbing a cup of coffee and the latest copy of Forbes Bulgaria, her eyes landed on an article about a Bulgarian startup applying AI in the energy sector. Sound familiar? The next moment, she was emailing us at TokWise. Needless to say, we were impressed with Alexandra’s enthusiasm, proactivity, and communication skills, and welcomed her to the team. Before joining TokWise, Alexandra earned her bachelor’s in Political Science and master’s in Energy Markets and Regulations. She then worked for several large and medium energy companies, gaining skills and experience that are invaluable to the TokWise team. Get to know more about Alexandra below 👇 #DataManagement #SaaS #EmployeeSpotlight #MeetTheTeam

AI sits at the heart of our TokWise Portfolio Management and Trading Platform, pumping information into our algorithmic trading solution to support better decision-making 💡 We leverage machine learning algorithms to absorb data from various sources, such as market information, weather forecasts, etc., and then generate signals to better predict the market dynamics. AI presents many benefits that enable TokWise to optimize your renewable energy portfolio: 🕒 Speed: The speed and volume at which AI can process information and translate it into actionable strategies cannot be replicated by humans. This empowers you to make data-driven decisions every minute, keeping up with the rapid pace of the renewable energy market, which operates 24/7. 📈 Real-time data: The market is volatile and extreme events can change its dynamics at any moment. Our AI has access to real-time data collected from various sources, ensuring data quality is continuously monitored and corrected on the fly. This optimizes your trading outcomes by ensuring that you have up-to-date data at all times. ✅ Adaptability: We utilize reinforcement learning, a specialized machine learning technique that trains models through interactions with dynamic environments. By running numerous simulations and receiving feedback through rewards and penalties, our software can rapidly adapt to changing market conditions and develop optimized strategies for improved performance. It’s a complex system, there’s no denying that! But some level of understanding is key and we advocate for explainability when it comes to AI. AI shouldn’t be a black box, especially when it is being harnessed for critical decision-making processes, which is why our product makes AI-driven decisions easy to understand. When you understand how our AI model works, you can understand its purpose, impact, and value at TokWise. Here is a closer look at how AI informs our all-in-one platform 👇 #RenewableEnergy #SaaS #EnergyTradingSolution #ClimateTech

Another recognition for TokWise! ⚡🌏 We are honored to be included in the PwC Deutschland study on how artificial intelligence is transforming the #Energy industry and the economy! ⚡️ The experts agree: The impact of #AI technologies is unparalleled compared to the #Digitalization we've witnessed in recent decades. The use of AI will significantly contribute to the comprehensive transformation of energy companies in the context of the #EnergyTransition. 📈 AI has the potential to maximize energy efficiency, reduce costs, and drive further the energy transition, especially in our mission to enable energy market participation for new entrants. 💡The study explores the application of Artificial Intelligence in the #EnergySector and provides an extensive overview of AI-based software products. It features 60 great companies covering 5 case studies with best practices and success factors. Check out the study (in German) here: https://lnkd.in/d-rvFjzJ 👉 Find out more about TokWise on our website: https://lnkd.in/dk2veGUD

Imagine having a master plan for your renewable energy data. A well-crafted data model is precisely that! ⚡ Your renewable energy data model is your blueprint for how your business works. It represents real-life business elements, such as customers and products, and their relationships and interactions. This provides you with a clear picture of your business so you can ensure that the data system is reliable and useful. While there are standard methods for creating renewable energy data models, different industries have unique needs. This is why our TokWise Portfolio Management and Trading platform considers several aspects of renewable energy data when constructing data models. One such consideration is hierarchy 🚀 A hierarchy allows us to better organize and manage renewable energy data for IPPs and C&I prosumers, enabling more efficient and insightful data use across different levels of the customer portfolio. Take a look at the role hierarchy plays in our platform below 👇 #RenewableEnergy #DataManagement #SaaS #ClimateTech #EnergyDataModels

It’s time to transform your renewable energy portfolio with the TokWise Academy! Without a foundational understanding of the energy market, energy trading, or risk management, it’s almost impossible to maximize the return on your renewable portfolio. This is why we created the TokWise Academy 🎓 Our academy aims to empower Independent Power Producers (IPPs) by giving them the confidence to navigate the complexities of the energy market and transition into successful market players. The 2-day course will provide you with the tools and insights needed to design a successful go-to-market strategy. This is what our course looks like 👇 ✅ Understanding Energy Markets: Develop a fundamental understanding of how energy markets operate, including key concepts and mechanisms. Gain insights into the market structure, regulatory environment and the roles of different market participants. ✅ Trading on Short-Term Markets: Learn the intricacies of trading on short-term markets, including day-ahead and intraday markets. Understand how to optimize bidding strategies and leverage market dynamics to maximize returns. ✅ Set-Up for Market Players: Explore different configurations and strategies for accessing energy markets effectively. Discover the necessary infrastructure, technological requirements and partnerships needed to become an active market player. ✅ Trading Strategies: Dive into various trading strategies tailored for different market conditions. Learn how to design and implement strategies that align with your business goals and risk appetite. ✅ Risk Management: Learn about crucial performance indicators needed to manage various commercial energy risks such as price, volume, imbalance and credit risks. Develop the skills to identify, assess and mitigate these risks to ensure sustainable market operations. If you’re ready to take ownership of the commercialization of your portfolio on spot markets, then it’s time to equip yourself with the tools needed to succeed. Get in touch to learn more about the TokWise Academy and how to get started! #RenewablePortfolio #RenewableEnergy #EnergyMarket #SaaS #ClimateTech

Wind and solar are the fastest-growing electricity sources in history ☀🍃 A new report from Ember reveals that renewables generated a record 30% of global electricity in 2023, driven largely by growth in solar and wind. The report suggests that 2023 marked a turning point in the energy transition, signaling that a new era of falling fossil fuel generation is imminent. This confirmation of the rise of renewable energy is good news. But what does a rapidly growing renewable energy sector mean for independent power producers? In this new era of renewable energy: 🔸Prices volatility is increasing year after year. Capture prices are decreasing rapidly (especially for solar), and events like negative prices and grid curtailment are becoming more frequent. 🔸Profits are no longer guaranteed as profit margins are put under pressure. Evolving the go-to-market model to diversify revenue streams is crucial. 🔸Government subsidies are less common. Independent power producers must innovate and adapt business models to compete in a highly competitive market. For energy producers, buying and selling green energy at the right time and price becomes increasingly important. Our TokWise Portfolio Management and Trading Platform offers a solution for a growing energy market, providing the tools for renewable energy players to become active market participants and make more accurate decisions. This results in optimized trading outcomes. Learn more about how we can help you maximize the return of your renewable portfolio: https://lnkd.in/eCemuySi Read the full Global Electricity Review 2024 here: https://lnkd.in/ezA7D8Ae #RenewableEnergy #EnergyTransition #DataManagement #Saas

🎉 Exciting News! 🎉 We are thrilled to announce that we have been featured in Sifted’s latest article on smart grids and selected in their prestigious list of startups to watch in 2024! The article highlights the crucial role smart grids will play in the future of energy management, emphasizing how innovations in this field can lead to more sustainable and efficient energy systems. Check out the full article here: https://lnkd.in/gREwr6_W We extend our heartfelt thanks to Sifted and the editorial team for recognizing our efforts and innovation in the smart grid space. 👉 Find out more about TokWise on our website: https://lnkd.in/eEywUsyM #SmartGrids #StartupToWatch #Innovation #EnergyTech #Renewables

This year’s Price Power Forecasting Summit left us with a lot to reflect on 💡 Our risk manager Nadia Daneva recently attended Barcelona’s Price Power Forecasting Summit, which brings together leaders and experts from across the energy industry to share insights, tackle industry challenges and discuss the dynamics shaping the future of the wholesale energy market. During the two-day event, Nadia met other industry players to discuss the development of the market and share TokWise's solution with the energy community. Key takeaways we took from the event include: 🌤 We need a change in the incentive structure for the PV industry. The PV industry is growing quickly in Europe, increasing by 20% between 2023 and 2024 in Germany. Yet about half of current production comes from unmanaged roof capacity, making curtailment events and high imbalance costs common. The existing feed-in tariff system for subsidizing rooftop PV systems needs reform, as it eliminates price signals from negative prices for a significant portion of producers, leaving other market participants to bear the consequences. 💡The complexity of energy market synchronization: balancing country-specific needs and common goals. Many other industry experts at the event were in agreement that the merit order based on marginal pricing should be preserved. Despite risks of divergence within the European markets, new regulations enabling countries to adjust the regulation to their particular physical infrastructure and agent ecosystems will support the growth of the renewable energy sector. 🔋 Germany strives to lead in H2 adoption: navigating risks and seizing opportunities Germany was a hot topic of discussion this year, as it’s currently developing a new hydrogen power plant, GET H2 Nukleus, as part of a new power plant strategy to cover several GW of missing reserve capacity. The GET H2 Nukleus project is politically contentious, as it’s expected to be expensive, involve high marginal prices and potentially very limited operating hours. To address this, authorities are considering a Contract for Differences (CfD) scheme, which would cover the marginal cost differences between hydrogen and natural gas, allowing these plants to be included in the merit order. A cap on cumulative CfD payments could also help ease concerns about the cost of the project. Thank you to Future Bridge Events for hosting such a fantastic event, and to Mert Izzet Tanaltay, Nuno Silva, Omar Halasa, MBA MER Halasa and Rafael López González for some great conversations. 💭 What do you think about these proposed changes in the energy space? Let us know your thoughts in the comments. #PowerPriceForecasting #EnergySummit2024 #Hydrogen #RenewableEnergy

TokWise team is for the first time in the ETCSEE - Energy Trading Central & South Eastern Europe 2024 conference in the vibrant city of Budapest ⚡🌏 This conference provides a unique opportunity to connect with peers and discuss with regional industry leaders the current challenges & transformative ideas driving the future of #sustainable energy in Central and Southeastern Europe. If you are also coming to Budapest, we invite you to visit our booth where Krasimir and Alexandra can have a chat with you and explore how TokWise is transforming the trading for #renewables See you there! 👋

We are thrilled to kick off the second day of the Renewable Energy Revenues Summit Series Summit in #London! 🌍🔋 The summit is tackling one of the most crucial aspects of the green energy transition: how to structure energy sales and explore various commercialization channels to maximize the value of green electrons. 💡⚡ It's inspiring to see so many industry leaders and innovators coming together to discuss and shape the future of #renewable energy. A special shoutout to Solar Media for their outstanding organization and for bringing us all together! This marks TokWise's debut at this fantastic event, and it certainly won't be our last. 👏 Looking forward to the insightful discussions and networking opportunities ahead!