InCommodities

In 2024 InCommodities split itself into three fully autonomous regional businesses, Europe, North America, and Asia-Pacific, each with its own CEO and full value-chain responsibility, while staying a single legal entity. The chairman called it the most important strategic step since the firm began, a governance bet on regional autonomy that few energy traders make.

Founded in Aarhus in 2017 by four partners set on radically automating energy trading, it trades power, gas, and environmental products, including biomethane, Guarantees of Origin, and carbon, on its own book. Its algorithmic platform, written in F# and Python, runs continuously and also optimizes renewables assets by balancing wind and solar PPAs. Partner-owned with no outside LP capital, the firm spun out its asset-management arm as a separate Danish company in 2025.