Dexter

Dexter Energy is an innovative company dedicated to accelerating the transition to a fully renewable energy system through the use of Machine Learning and Big Data Analytics.

Dexter Energy is on a mission to support renewable energy companies in taking the lead in a clean and affordable energy future. The company places great value on respect, appreciation, and diversity, striving for a positive and supportive work environment. Transparency, open communication, and diverse perspectives are core values that Dexter Energy pursues in all its processes[1].

Dexter Energy offers AI-powered forecasting and trading optimization services for short-term energy trading. The company's solutions include accurate forecasts of electricity generation from renewable sources such as wind and solar parks, as well as forecasts of electricity prices in short-term energy markets. These forecasts enable energy companies to optimize their portfolios, minimize balancing risks, and maximize trading profits. By combining more than 10 weather models and internal performance forecasting models, Dexter Energy achieves one of the most accurate renewable energy forecasts on the market, resulting in cost savings on balancing fees of up to 35%[3][5].

Dexter Energy is committed to supporting the energy transition and is working to reduce CO2 emissions through innovative solutions. The company utilizes advanced Machine Learning algorithms and Big Data analytics to help energy companies tackle the challenges of short-term energy trading, particularly in the context of increasing volatility from renewable energy sources. By optimizing trading strategies and minimizing balancing fees, Dexter Energy actively contributes to reducing emission costs and supports the decarbonization of the energy system[2][3].

Dexter Energy relies on the Google Cloud Platform to ensure a scalable and innovative infrastructure for its AI-based algorithms and detailed market analyses. This enables the company to process large amounts of data in real-time, ensuring high reliability and flexibility in data processing[3].

The company has recently raised €10.5 million in a Series B funding round, led by ETF Partners and Astelia, with further participation from existing investors such as Newion, PDENH, and Rockstart. This funding is intended to expand the product portfolio and drive expansion into new European markets. Dexter Energy plans to double its team to 80 employees by the end of the year to achieve these goals[2].

Dexter Energy is thus a pioneer in the energy transition, making a significant contribution to creating a clean and affordable energy future through its innovative solutions and strong commitment to sustainability and technology.

• 1 - https://dexterenergy.ai/who-we-are/
• 2 - https://dexterenergy.ai/news/dexter-energy-secures-eu10-5m-in-series-b-funding/
• 3 - https://customers.xebia.com/eu-cloud-and-data-dexter-energy-google-cloud
• 4 - https://dexterenergy.ai
• 5 - https://dexterenergy.ai/solutions/