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.<\/p>\n
Commenting on funding award Alex Hill, managing director of ZTP, said:<\/p>\n
\u2018We 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.\u00a0 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.\u2019<\/p>\n","protected":false},"excerpt":{"rendered":"