Foreword

I’m delighted to welcome you to the very first Energy25, a new study from Chartis Research that provides a comprehensive view of the world’s major technology players in modern energy markets. The energy space has always been an important area of research for Chartis, one that we have covered in detail for several years. Now, together with our sister brand Energy Risk, we have honed that research into a focused look at the current energy tech landscape and the players operating within it. 

But why now? Quite simply because energy and energy trading markets have transformed in recent years. Against a background of concerned and concerted moves to adapt energy markets to the modern world, what role can technology play? A crucial one, as it turns out: we are now seeing important developments in this space that in many ways presage what is happening in other risk technology markets. 

Much of the transformation has been driven by data. A surge in data across the energy sector – and elsewhere – has ushered in an evolution in the analytics used to assess market variables and factors as complex and diverse as pricing curves, supply chain risk and demand forecasting. Alongside the ever-present influences and implications of regulatory and environmental dynamics, and the impact of these and other factors on energy trading markets, there is plenty to consider. 

To track these shifting markets and dynamics, Chartis plans a series of research reports examining various aspects of the space, providing our customary in-depth analysis of the market and vendor landscape.

So what can you expect from Energy25? Those of you familiar with Chartis’ RiskTech100® rankings and awards will recognize the structure of this report. After providing an overview of our research and the industry categories it covers, we summarize some of the key market trends in the energy space – including growth in liquefied natural gas (LNG) and renewables, the increasing 
sophistication of database technologies, and the shifting economics of the refinery business.

Then, a short research paper by Chartis Research Specialist John MacDonagh examines just how important data and analytics have become in energy markets, and considers how institutions might apply these increasingly sophisticated tools and techniques more effectively. Finally, we present the rankings and category winners for the inaugural Energy25, followed by an outline of the methodology we used to determine our results. 

With Energy25 we believe we are helping to capture, define and analyze an important period in the development of energy markets, and providing an invaluable yardstick for all participants. 

It only remains for me to congratulate the winners of Chartis and Energy Risk’s first Energy25 awards, and hope that you enjoy this report. 

Rob Stubbs, Head of Research