AEW takes a stake in the Aargau energy start-up
AEW Energie AG is gradually acquiring up to 35 percent of Virtual Global Trading AG as part of a strategic partnership. The start-up from Aarau has developed a digital trading platform for the energy industry.
AEW Energie AG has entered into a strategic partnership with Virtual Global Trading , according to a media release . It will gradually acquire a stake of up to 35 percent in the start-up company based in Aarau.
With eNet, Virtual Global Trading has developed a digital trading platform for the energy sector. It offers customers of energy suppliers various business models. For example, companies can present offers for battery storage or solar systems on the platform. These can then be used by private individuals – the customers of energy suppliers.
The platform uses the daily updated data from the network operator's intelligent meters. The traded and processed energy data are automatically compared with the systems of the distribution network operator. When the platform registers a new smart meter, it creates a one-time token. Thanks to this token system developed and patented by Virtual Global Trading, the proof of origin of the energy is provided. Overall, the platform also enables all participants to react quickly to market developments.
Together with the Liechtenstein power plants ( LKW ), the start-up is already implementing its system in Liechtenstein. The use of the platform there is also intended to serve as a model for other regions. The goal now is to roll out eNet continuously in Switzerland and Europe.
“With our involvement in the start-up company, we are securing market experience from neighboring countries, where the regulation and liberalization of the electricity market are well advanced. We want to use this experience for our preparation for the complete liberalization of the electricity market ”, said Marc Ritter, Head of the Energy Business Unit at AEW, in an AEW announcement . Together with the start-up, AEW also wants to develop new market models for Switzerland.