Danske Commodities
 | |
| Industry | Energy |
|---|---|
| Founder | Henrik Lind |
| Headquarters | Aarhus, Denmark |
Key people |
Henrik Lind (Founder) (Vice chairman) Peter L. Ravn (Chairman) |
| Products | Power trading, Gas trading and Climate Markets trading |
| Revenue | EUR 5,471 billion (2017)[1] |
| EUR 55,923 million (2017)[1] | |
Number of employees | 290 (End of year 2017) |
| Website |
danskecommodities |
Danske Commodities (DC) is an independent energy trading house. The company is an international trader of energy-related commodities such as power, gas and climate market products with activities in 37 European countries.
History
Danske Commodities was founded in September 2004 by Henrik Lind.[2] The company started off with trading electricity across the border between Germany and Denmark, with the first trade implemented on 1 November 2004.
Building its foundation on trading on the ‘Day Ahead’ power market, Danske Commodities expanded into the intraday power trading market in 2007.
In 2009, gas trading and wholesale services, such as energy procurement for supply companies and management of volume and balancing risks, were added to the company’s business activities. In 2011 the company added renewable services optimising the variable output from wind and solar. Today, the company has 6000 MW of renewables under management.
In 2018, Danske Commodities is present in 37 power markets and in 16 gas markets with a 24/7 trading setup. The company employs approx. 300 employees and is domiciled in Aarhus, Denmark. Besides the headquarter in Denmark, Danske Commodities has offices in United Kingdom (London), Germany (Hamburg) and Turkey (Istanbul).
Business areas
Danske Commodities’ business consists of two areas: trading and services.
TRADING
- Power - trades with power plants, utilities and trading houses and specialises in sustainable energy and emerging markets via exchange, broker or OTC trading on the intraday, day-ahead and forward markets. Danske Commodities trades standard futures, options and structured products and offers both physical or financial settlement and capacity auctions.
- Gas - trades via exchange, broker or OTC trading on the intraday, day-ahead and forward markets. Danske Commodities trades standard futures, options and structured products and offers both physical or financial settlement, capacity auctions and storage optimisation.
SERVICES
- Renewables - production management and balancing, production hedging from day ahead and up to 10+ years, Power Purchase Agreements (PPAs) on both standard and individually structured terms. Danske Commodities trades certificates such as GOOs, El-Certs, ROCs and REGOs and participates in the market for ancillary services.
- Conventionals - production management and balancing, production optimisation of heat and power, trading of certificates such as EUAs, EUAAs and CERs, hedging of fuels, subsidies and output to minimise price sensitivity and stabilise cash flow. Danske Commodities offers services on primary, secondary and tertiary markets for ancillary services.
- Supply - consumption management and balancing, consumption optimisation and hedging solutions to specific consumption profiles.
Senior Management Group
- Henrik Lind, CEO & Founder
- Helle Østergaard Kristiansen, CFO & VP, Head of Finance and IT
- Jesper Tronborg, VP, Head of Trading
- Carl Hagert, VP, Head of Origination
- Dion Sørensen, VP, Head of Human Capital
Board of Directors
- Peter L. Ravn, Chairman
- Volker Beckers, Vice Chairman
- Anne Broeng, Board Member
- Jens-Peter Saul, Board Member
Notes
- 1 2 "Annual Report 2017". Danske Commodities A/S. Retrieved 15 March 2018.
- ↑ "Danish company registration database". Erhvervs- og Selskabsstyrelsen. Archived from the original on 5 October 2011. Retrieved 29 August 2011.
External links
Coordinates: 56°8′58.61″N 10°12′23.99″E / 56.1496139°N 10.2066639°E