We employ the brightest minds across disciplines from computer science to mathematics and economics to find solutions to seemingly intractable problems of energy markets. At Second Foundation, our quest goes beyond profit; it is about reshaping electricity markets to foster stability, reliability, and fairness, ensuring a more robust economic landscape for all.
Our mission is to transform data into market-leading trading strategies through advanced machine learning and self-developed tools. While our team members come from diverse backgrounds, we share an endless curiosity for math and trading. We benefit from the unique combination of a technology company and a trading house.
Second Foundation US Trading is the US branch of Second Foundation, a group of companies active in energy trading with its headquarters in Europe. The primary focus is on power trading for which we turn data into market-beating trading strategies, using sophisticated mathematical models and cutting-edge technology. We have been active on US power markets since 2022 and opened our office in Houston, Texas, in the beginning of 2023. Our geographical scope are the North American power markets.
This is the core of our business model. We combine advanced analytics with a high caliber team of traders operating from our Houston office. Second Foundation US Trading is licensed to trade physical and financial power in the markets in all seven US ISOs. We continue to expand our activities with the ambition to trade power on a bilateral basis outside ISO areas.
Leveraging our experience and track record in Europe, we see significant potential in helping renewable asset owners in the US extract more value from their power generation capacity by taking advantage of the short-term trading opportunities in the day ahead and real time. In addition to a higher price realization, we are typically able to provide better short-term forecasts based on our statistical models, contributing to expanding their revenue.
For dispatchable assets, like battery energy storage systems (BESS) or cogeneration units, we can offer solutions aimed at increasing flexibility, contributing to grid stability, and generating additional revenues for asset owners.
These flexible assets can be seamlessly integrated into our virtual power plant platform, which enables direct control and aggregation across multiple sites and various asset owners in the energy market.
Second Foundation is working with project originators and developers to identify opportunities and realize a portfolio of projects that together with our partners we would invest in ourselves. Our focus is on dispatchable assets or hybrid projects including BESS in US ISO areas.
On top of the US being an attractive market for such investments, we also see this as a powerful sign of long-term commitment to the US markets, and an effective way to prove our skills in optimizing revenue generated by assets through the virtual power plant control platform.
We are open to discuss cooperation with US based partners in any of the areas outlined above.
Second Foundation was established as a start up in Prague, Czech Republic, in 2019 and has grown exponentially since, both in size and geography. It operates at the intersection between a technology company and a proprietary energy trading firm and has established itself firmly as a major power trader across 20+ European markets, the US and Japan. Second Foundation aims to bring efficiency to the domain of power (and gas) trading by critically analysing data, recognizing patterns, and solving complex problems.
Our trading strategy goes beyond a zero-sum game. As one of the most significant market makers in the European spot market, we provide liquidity and add value by increasing stability, enhancing reliability, and reducing price volatility. Second Foundation steps in where markets falter and strive to ensure optimal functioning. Our fully automated algorithm embodies a deep understanding of the complex pan-European cross-grid capacities or option pricing for flexible assets.
Embarking on the path towards decarbonization demands more than building solar panels; it requires comprehending and forecasting the dynamics of renewables and their impact on energy systems. Our commitment lies in deciphering and predicting renewable behavior, which is crucial for steering toward a sustainable future fueled by low-emission sources.
Around the clock, every day, the electricity grid demands precision - maintaining the delicate balance between power surplus and shortage. Historically, coal-fired power stations, now in decline, held the key to this equilibrium. However, a new challenge emerges in the era of gradual decarbonization and the surging popularity of intermittent renewables: securing adequate, flexible energy sources and consumers to harmonize the grid and replace the big fossil power plants.
Countries where we operate
Automated trades a day on energy markets
Continents we
trade on
Colleagues worldwide and growing
As we aim high and grow fast, we are constantly looking for ambitious talents who embrace challenges and get excited by complex puzzles to solve. We work hard, learn fast, and grow together. We believe the best ideas can come from anywhere and our flat hierarchy is a testament to this philosophy. Ambition is welcomed and innovation sets us apart. Working with us means access to unlimited growth opportunities and the chance to solve exciting problems with a collaborative team. We are seeking high performers across a variety of roles and experience levels to join our growing base in the US. Next round of recruiting starts Q1 2025 — details coming soon!