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ElectronX is building a stock market for electricity trading
ElectronX has raised $10 million to build an exchange for electricity derivatives trading.
The goal, the company said, is to help both sides manage risk and hedge volatility, taking some of the financial uncertainty out of renewable energy. “By leveraging more precise financial products, renewable assets should see better return profiles and faster payback periods,” the company said in a statement. De Chant is also a lecturer in MIT’s Graduate Program in Science Writing, and he was awarded a Knight Science Journalism Fellowship at MIT in 2018, during which time he studied climate technologies and explored new business models for journalism.
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