We are excited to share another milestone from our portfolio company Correntics, which has formed a long-term partnership with BKW AG, Switzerland’s largest power distribution system operator. Building on their success in risk analytics and climate resilience, Correntics will help BKW better understand the impacts of various climate scenarios on their risk landscape. This partnership is crucial for ensuring the security and reliability of electricity supply, which is fundamental to BKW’s operations. By using Correntics' advanced risk analytics, BKW can now anticipate both short- and long-term challenges, identifying risks for 2030 and beyond to 2050. This enables them to mitigate financial risks across their entire value chain, while also adapting to evolving regulatory demands and business needs. Congratulations to the Correntics team for this impactful partnership. We look forward to seeing how their solutions continue to drive positive change in the energy sector. Michael Stucky, Mike Baur, Craig Cooper, Oliver Walzer #SerpentineVentures #VentureCapital #Correntics
🌍💡 Correntics and BKW AG, the operator of Switzerland’s largest power distribution system, team up to ensure reliable energy supply. ▪ A new long-term partnership: Enabling BKW to understand the different impacts on their risk landscape across different climate scenarios ▪ Increases resilience: Ensuring a reliable, secure electricity supply for BKW is critical to its business ▪ Flexibility: BKW was looking for a partner who is flexible to adjust to new business needs or regulatory requirements Insights gained from the partnership show both short and long-term risks and challenges – for 2030 and future scenarios until 2050. It enables BKW to understand and reduce the potential financial impacts on their business and across their global value chain. 🌐Read the whole blog on the partnership between Correntics and BKW: https://lnkd.in/dvDJUPuZ #EnergyResilience #ClimateRisk #Sustainability #EnergySupply #ClimateAdaptation #RiskManagement #RenewableEnergy BKW AG Elena Knežević Microsoft for Startups