Latest news with #EnergyRiskAwards
Yahoo
22-05-2025
- Business
- Yahoo
ION Commodities named CTRM Software House of the Year at Energy Risk Awards 2025
LONDON, May 22, 2025 /PRNewswire/ -- ION Commodities, the leading global provider of energy and commodity trading and risk management (ETRM/CTRM) solutions, has been named CTRM Software House of the Year at the prestigious Energy Risk Awards 2025. Each year, – the world's leading source of in-depth news and analysis—hosts the Energy Risk Awards to recognize excellence in the commodity markets. The awards distinguish companies across global commodity markets for their innovation and leadership. This recognition highlights ION Commodities' continued commitment to delivering innovative, scalable, and future-ready solutions that empower organizations to navigate an increasingly volatile and complex trading environment. It underscores ION's role as a trusted partner in driving digital transformation and operational resilience across global commodity markets. In recent years, ION has significantly invested in its CTRM portfolio—continuing to expand its functionality for traditional fossil fuel-based commodities while also advancing capabilities to support the energy transition. This dual focus enables businesses to navigate both long-term market shifts and near-term disruptions, while meeting growing regulatory and sustainability demands. With investments in AI, real-time analytics, cloud-native architecture, and integration across traditional and renewable fuels, biogas, carbon, and power markets, ION supports a diverse range of energy and commodity businesses in transforming and streamlining new and existing operations. Many companies have turned to ION to modernize their global trading operations, integrate renewables, and optimize supply chains. From SaaS solutions like Aspect to enterprise-scale C/ETRMs like Openlink, TriplePoint, RightAngle, and Allegro, ION's technology enables real-time risk mitigation, cross-market visibility, and long-term scalability. "This recognition underscores ION's role in supporting businesses navigating the complex realities of today's global commodity markets," said Sunil Biswas, Chief Executive Officer of ION Corporates. "From geopolitical tensions and price volatility to shifting trade flows and energy transition, companies face an urgent need for greater agility, transparency, and resilience. We empower our clients as they adapt and lead the way in building smarter, more profitable operations." With a customer base that includes 62% of the world's top 250 energy companies and more than 1,200 businesses globally, ION Commodities remains at the forefront of digital transformation in the commodity and energy sectors. About ION ION provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporate organizations. Our solutions and services simplify complex processes, boost efficiency, and enable better decision-making. We build long-term partnerships with our clients, helping transform their businesses for sustained success through continuous innovation. For more information, visit About ION Commodities ION Commodities delivers data-driven energy and commodities trading and risk management solutions across the supply chain. Our scalable ETRM and CTRM solutions equip clients to use real-time risk analytics and reporting, minimize supply chain risks, automate critical business processes, and make faster, more informed decisions. We provide full support and transparency for procurement, supply, and trading to a global community of over 1,200 clients. For more information, visit About Energy Risk Awards The Energy Risk Awards are the industry's leading program recognizing innovation and excellence in commodities and energy trading. Organized by the awards celebrate firms and individuals making outstanding contributions to risk management, technology, and market development. For more information, visit All product and company names herein may be trademarks of their registered owners. View original content to download multimedia: SOURCE ION Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
21-05-2025
- Business
- Business Wire
Intersect Wins Energy Risk Awards Deal of the Year for $837 Million Battery Storage Transaction
SAN FRANCISCO--(BUSINESS WIRE)--Intersect Power, LLC ('Intersect') has been awarded the Energy Risk Awards' Deal of the Year. The award recognizes Intersect's 2024 Texas battery energy storage systems (BESS) project financing totaling $837 million. Representing one of the largest U.S. battery storage deals to date, the funds supported the construction and operation of 1 GWh of three standalone BESS. 'We're proud to be recognized by the Energy Risk Awards for a transaction that pushed the boundaries of conventional project finance,' said Sheldon Kimber, CEO and founder of Intersect Power. "Our team structured and closed a complex deal that incorporated offtake, procurement, tax equity and debt components in less than six months, a pace that is unheard of in this industry. That level of commercial and financial ingenuity is what enables us to rapidly build co-located renewables and storage projects that unlock a fast, scalable, and cost-effective solution to fuel the growth of the industries of tomorrow, including AI data centers." The Energy Risk Awards honor excellence in global commodities markets, with the Deal of the Year recognizing a single transaction that demonstrates innovation, impact, and executional excellence. Winners are celebrated for playing a pivotal role in deals involving infrastructure investment, M&A, trade finance, structured products, or novel investment vehicles that deliver meaningful outcomes for clients and the broader market. Intersect develops, owns, and operates some of the country's largest BESS resources at its solar + storage facilities. These assets are designed to deliver consistent financial performance by capturing value during periods of market volatility and elevated prices while minimizing exposure to downturns. This stability is critical as Intersect plans to break ground on an additional 4 GW of solar PV and 10 GWh of battery storage in 2025, representing approximately $9 billion in assets. These assets will help meet the unprecedented energy demands of AI data centers and provide additional grid-tied energy resources. Intersect is on an aggressive growth trajectory and is looking for talented professionals. For information on Intersect's current open roles, visit About Intersect Power Intersect Power is a clean energy company bringing innovative, scalable, and American-made, low-carbon solutions to its customers in global energy markets. We develop, own, and operate some of the world's largest grid-tied clean energy resources, as well as co-located facilities for large industrial loads including data centers, e-fuels, and other energy-intensive products. Intersect is laser-focused on the largest, most transformative clean energy projects that decarbonize the existing power grid and bring new loads to clean generation without the need for new transmission. Intersect is redefining the scope of the clean energy industry by enabling new pathways between clean electricity and the broader economy. We have a base portfolio of 2.2 GW of operating solar PV and 2.4 GWh of battery storage in operation or construction, representing ~$4B in capital investments. We plan to break ground on an additional 4 GW of solar PV and 10 GWh of battery storage representing ~$9B of assets in 2025. To learn more, visit
Yahoo
21-05-2025
- Business
- Yahoo
Intersect Wins Energy Risk Awards Deal of the Year for $837 Million Battery Storage Transaction
SAN FRANCISCO, May 21, 2025--(BUSINESS WIRE)--Intersect Power, LLC ("Intersect") has been awarded the Energy Risk Awards' Deal of the Year. The award recognizes Intersect's 2024 Texas battery energy storage systems (BESS) project financing totaling $837 million. Representing one of the largest U.S. battery storage deals to date, the funds supported the construction and operation of 1 GWh of three standalone BESS. "We're proud to be recognized by the Energy Risk Awards for a transaction that pushed the boundaries of conventional project finance," said Sheldon Kimber, CEO and founder of Intersect Power. "Our team structured and closed a complex deal that incorporated offtake, procurement, tax equity and debt components in less than six months, a pace that is unheard of in this industry. That level of commercial and financial ingenuity is what enables us to rapidly build co-located renewables and storage projects that unlock a fast, scalable, and cost-effective solution to fuel the growth of the industries of tomorrow, including AI data centers." The Energy Risk Awards honor excellence in global commodities markets, with the Deal of the Year recognizing a single transaction that demonstrates innovation, impact, and executional excellence. Winners are celebrated for playing a pivotal role in deals involving infrastructure investment, M&A, trade finance, structured products, or novel investment vehicles that deliver meaningful outcomes for clients and the broader market. Intersect develops, owns, and operates some of the country's largest BESS resources at its solar + storage facilities. These assets are designed to deliver consistent financial performance by capturing value during periods of market volatility and elevated prices while minimizing exposure to downturns. This stability is critical as Intersect plans to break ground on an additional 4 GW of solar PV and 10 GWh of battery storage in 2025, representing approximately $9 billion in assets. These assets will help meet the unprecedented energy demands of AI data centers and provide additional grid-tied energy resources. Intersect is on an aggressive growth trajectory and is looking for talented professionals. For information on Intersect's current open roles, visit About Intersect Power Intersect Power is a clean energy company bringing innovative, scalable, and American-made, low-carbon solutions to its customers in global energy markets. We develop, own, and operate some of the world's largest grid-tied clean energy resources, as well as co-located facilities for large industrial loads including data centers, e-fuels, and other energy-intensive products. Intersect is laser-focused on the largest, most transformative clean energy projects that decarbonize the existing power grid and bring new loads to clean generation without the need for new transmission. Intersect is redefining the scope of the clean energy industry by enabling new pathways between clean electricity and the broader economy. We have a base portfolio of 2.2 GW of operating solar PV and 2.4 GWh of battery storage in operation or construction, representing ~$4B in capital investments. We plan to break ground on an additional 4 GW of solar PV and 10 GWh of battery storage representing ~$9B of assets in 2025. To learn more, visit View source version on Contacts Media Contact:Carmen LoweIntersect Power510-250-2827Press@
