Energy Management Specialist ZTP Wins Funding To Develop Pioneering Risk Management Product

The University of Kent and strategic energy management consultancy ZTP have secured significant funding from Innovate UK, the UK’s innovation agency, to develop their first collaborative Knowledge Transfer Partnership (KTP) project.

The funding will enable ZTP, Kent Business School and the School of Maths, Statistics and Actuarial Science to undertake an exciting two-year project to design and build risk management algorithms that will enable UK and multi-national businesses to mitigate risk associated with open energy market positions.

Commenting on funding award Alex Hill, managing director of ZTP, said:

‘We are thrilled to have secured funding from Innovate UK, as this will enable us, KBS and SMSAS, to develop a risk management product which will transform how multi-national businesses procure energy.  With energy costs rising due to both fundamentals in the wholesale market and increased non commodity costs, there is a real need for this risk management solution which will enable multi-national businesses to protect themselves from the unpredictably of the open energy market, and ultimately maximising savings on energy use and costs.’

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