#ETRM #CTRM
One of the last remaining domains of energy yet to fully embrace the cloud is Energy Trading and Risk Management (ETRM). Despite the key role it plays, the broader oil and gas sector (producers, supply houses, traders, agents) cling to old legacy ETRM systems—clunky, costly, and a pain to integrate into complex application portfolios. Trading is a high stakes game with few users, and the risk of modernizing these systems is very worrisome.
However, the energy sector is now overdue to tackle ETRM, driven by rapid changes in commodity markets and global geopolitics. The emergence of new commodities such as renewables and the realignment of supply chains because of sanctions and conflicts, really requires systems that can adapt quickly and efficiently.
Legacy ETRM systems, rigid and isolated, struggle to cope with these new realities. Cloud-based solutions, however, offer the agility to address rapid growth in renewables and the complexity of modern energy trading.
In this episode I speak with Sameer Soleja, the Founder and CEO of Molecule, who set out to disrupt this stagnant landscape. Sameer launched a new ETRM solution that improves the user experience through an emphasis on ease of use, automation, and reliability.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!