ElectronX is building a stock market for electricity trading

image via TechCrunch

February 19, 2025, 5:05 PM

• •ElectronX is building an exchange for trading electricity.
• •The company has raised $10 million in a follow-on round led by Systemiq Capital.
• •The company's proposed exchange would allow electricity suppliers and consumers to buy and sell capacity in 1 megawatt blocks on an intra-hour or hourly basis for the current day and the following day.

ElectronX, a startup building an exchange for buyers and sellers of electricity, has raised $10 million in a follow-on round led by Systemiq Capital. The company's goal is to help both sides manage risk and hedge volatility, taking some of the financial uncertainty out of renewable energy.

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