InCommodities
- Company typePrivate
- Founded2017
- HeadquartersAarhus, Denmark
- Headcount51–100
- GTM typeB2B
- OfferingServices
InCommodities firmographics
Firmographics- Name
- InCommodities
- Legal name
- InCommodities A/S
- Website
- https://incommodities.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
InCommodities industry classification
Industry- Product category
- Energy Trading
- NAICS
- Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- PPA Origination, Structuring & Offtake Contracting (Physical/Financial, Sleeves) (EUAMAMAD)
Keywords
Where InCommodities is headquartered
LocationHeadquarters
- HQ city
- Aarhus
- HQ country
- Denmark
- HQ region
- Europe
Offices6 records
Markets served
InCommodities business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure
Revenue model
- Energy Trading: Trading power, gas, and emissions across European, North American, and Asia-Pacific markets. The company acts as the middleman between buyers and sellers, transporting energy across borders or storing it for later sale, completing more than 30,000 trades daily.
- Battery Storage Revenue Share Agreements: Long-term revenue share agreements for battery energy storage systems where InCommodities assumes market risk and trading responsibilities. Examples include $200m Bellambi Heights deal and AU$450m Bulabul deal.
- Power Purchase Agreements (PPAs): PPAs for renewable energy asset owners providing balancing agreements, fixed-price products, and Guarantee of Origin certificates to manage income streams and mitigate risks.
- Route-to-Market Services: Facilitating route-to-market access and helping renewable asset owners sell output on the wholesale spot market to maximize asset value.
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
InCommodities product offering
Product offeringCore offering
InCommodities is a tech-driven energy trading firm that buys and sells power, gas, and emissions across global wholesale markets via 100% automated algorithmic trading desks operating 24/7/365. It also provides Renewables Asset Management services, including Power Purchase Agreements, balancing agreements, fixed-price products, Guarantee of Origin certificates, route-to-market access, and long-term revenue-share agreements for battery energy storage systems to renewable asset owners and operators.
Product overview
InCommodities is a tech-company specializing in energy trading and renewables asset management, operating as four autonomous business units: Europe, North America, Asia-Pacific, and Asset Management. The core Energy Trading Platform provides 24/7 algorithmic trading of power and gas across global markets, completing over 30,000 trades daily. The Renewables Asset Management module complements this by offering Power Purchase Agreements (PPAs) with balancing services, fixed-price products, and Guarantee of Origin certificates for wind and solar assets. All operations are powered by 100% automated algorithmic trading driven by quantitative models, weather forecasting, and AI systems. Recent expansions include US natural gas markets and battery storage investments in Australia.
Differentiator
Problem solved
Functional benefit
Products and services
- Energy Trading Services (Power, Gas, Emissions) Algorithmic, 24/7/365 wholesale trading of power, gas, and emissions for utilities, generators, and counterparties across European, North American, and Asia-Pacific markets, completing over 30,000 trades daily.
- Power Purchase Agreements (PPAs) Long-term PPAs available as baseload hedging or pay-as-produced fixed-price structures for wind and solar asset owners, providing price certainty across AIB countries.
- Balancing Services Balancing agreements for renewable power plants covering registration, production reporting, and market-side balancing to mitigate risks from volatile energy markets.
- Guarantee of Origin (GoO) Certificates Digital certificates issued per MWh of renewable generation documenting renewable power production and enabling additional earnings for renewable producers across AIB countries.
- Route-to-Market Services Direct wholesale market access enabling renewable asset owners to sell output on spot markets and maximize asset value through InCommodities' automated trading infrastructure.
- Battery Storage Revenue-Share Agreements (BESS) Long-term revenue-share and capacity-swap agreements for utility-scale battery energy storage systems (e.g., Bellambi Heights 204MW/510MWh, Bulabul 600MWh), where InCommodities assumes market risk and trading responsibilities while the owner retains operational control.
- Japan Electricity Supply (High Voltage / Extra High Voltage) Direct electricity supply to high-voltage and extra-high-voltage industrial and commercial customers in Japan under published supply terms (effective November 1, 2025).
Quantifiable outcome
- Completed more than 30,000 trades every day
- +2 more outcomes
Companies that use InCommodities
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
InCommodities technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability8 records
Feature4 records
InCommodities partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered major and core.
- Vena GroupmajorVena Group (Singapore-based) and InCommodities signed a $200 million revenue share agreement for the 204MW/510MWh Bellambi Heights Battery in New South Wales, Australia. The agreement was signed during the Danish Royal State Visit to Australia. InCommodities assumes market risk and trading responsibilities while Vena Energy retains ownership and operational control. This is InCommodities' largest single asset commitment in Australia, bringing total Australian investment to nearly AU$500 million.
- Ampyr AustraliacoreAmpyr Australia secured a 15-year battery storage agreement with InCommodities for the Bulabul battery storage system in New South Wales. The deal, valued at over AU$450 million, involves a capacity swap model and marks InCommodities' first long-term commitment in Australia.
Scale indicators13 records
Recent moves9 records
InCommodities competitors and assessment
Company assessmentDirect peers
- Danske Commodities: Aarhus-headquartered European power and gas trader (acquired by Equinor in 2017). Closest direct peer to InCommodities given shared Danish/European origin, algorithmic trading model, and renewables market access focus.
- Next Kraftwerke: Cologne-based virtual power plant operator and renewable energy aggregator offering balancing, PPA, and route-to-market services across European markets. Directly comparable to InCommodities' Renewables Asset Management offering.
- Mercuria Energy Trading: Global commodities house with major power, gas, and emissions trading operations across Europe, the Americas, and Asia. Comparable B2B algorithmic-style energy trader to InCommodities though far larger and more diversified.
- Gunvor Group: Global commodities trading firm with sizeable power and gas trading activities. Direct competitor for energy trading talent and renewable offtake deals; InCommodities hired Gunvor's Rich Brockmeyer to lead US gas expansion.
- Alpiq: Swiss integrated electricity producer and European power trader. Comparable European B2B energy trader pursuing algorithmic and digital trading capabilities similar to InCommodities.
Broad incumbents
- Vattenfall Trading: Swedish integrated utility with significant energy trading and renewable origination activities across northern Europe. Comparable in renewable PPA/balancing services but as part of a larger generation portfolio.
- Uniper Global Commodities: European utility with major power, gas, and emissions trading operations. Competes with InCommodities for European PPA origination and route-to-market mandates from renewable asset owners.
- RWE Supply & Trading: German utility's commodity trading arm with global power, gas, and renewables presence. Competes with InCommodities in European renewable offtake, balancing, and 24/7 algorithmic power trading.
- EDF Trading: Wholesale energy trading arm of EDF Group with global power and gas footprint. Comparable as a large incumbent entering algorithmic/intraday power trading but with utility-scale portfolio behind it.
- Statkraft Markets: Norwegian state-owned power generator and Europe's largest renewable energy generator with an active energy trading and origination desk. Competes with InCommodities across European PPA origination and renewable route-to-market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
InCommodities social profiles
Digital presenceInCommodities financial estimates
Financial estimateRevenue estimate
Valuation estimate
InCommodities leadership team
Management profileNumber of profiles
Profiles11 records
InCommodities subsidiaries and ownership
Company hierarchySubsidiaries2 records
InCommodities funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
InCommodities M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about InCommodities
What does InCommodities do?
InCommodities is a tech-driven energy trading firm that buys and sells power, gas, and emissions across global wholesale markets via 100% automated algorithmic trading desks operating 24/7/365. It also provides Renewables Asset Management services, including Power Purchase Agreements, balancing agreements, fixed-price products, Guarantee of Origin certificates, route-to-market access, and long-term revenue-share agreements for battery energy storage systems to renewable asset owners and operators.
Is InCommodities a public or private company?
InCommodities is a private company. It is classified as venture growth investor backed and is currently operating.
When was InCommodities founded?
InCommodities was founded in 2017. It employs 51 to 100 people.
Where is InCommodities based?
InCommodities is headquartered in Aarhus, Denmark, in the Europe region.
How does InCommodities make money?
Four revenue lines are on record. Energy Trading is the primary driver. The others are battery Storage Revenue Share Agreements, power Purchase Agreements (PPAs) and route-to-Market Services.
Who are InCommodities's main competitors?
Direct peers on record are Danske Commodities, Next Kraftwerke, Mercuria Energy Trading, Gunvor Group and Alpiq. Broad incumbents are Vattenfall Trading, Uniper Global Commodities, RWE Supply & Trading, EDF Trading and Statkraft Markets.
Does InCommodities have an API?
No public API is recorded for InCommodities.
What industry is InCommodities in?
InCommodities's product category is Energy Trading. Its primary akta.pro industry code is EUAMAMAD, PPA Origination, Structuring & Offtake Contracting (Physical/Financial, Sleeves). Its NAICS code is 2211 and its SIC code is 7370.