Octopus Energy has acquired BD Energy, a Danish technology startup specialising in fully automated trading.

BD Energy focuses exclusively on ‘short-term’ markets, the final 24 hours down to the exact moment power flows into the grid, automatically buying and selling electricity in those markets, using data and algorithms to make efficient trading decisions.

The company now operates across 25 electricity pricing zones in 15 countries, including Germany, the Netherlands and the US, and will now become part of Octopus Energy Trading, giving the company access to Octopus’ capital and technology.

Frederik Vinkler, co-founder at BD Energy, said: “What made Octopus the ideal partner for us was our shared green mindset, coupled with their entrepreneurial culture and scale. With Octopus’s backing, we can deploy our proprietary algorithms across larger volumes and bring our automated trading infrastructure to new markets worldwide."

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