The story
Founded by Henrik Lind on Sep 23, 2004.1
Danske Commodities was founded in September 2004 by Henrik Lind. The company started off with trading electricity across the border between Germany and Denmark, with the first trade implemented on 1 November 2004.
Building its foundation on trading on the ‘Day Ahead’ power market, Danske Commodities expanded into the intraday power trading market in 2007.
In 2009, gas trading and wholesale services, such as energy procurement for supply companies and management of volume and balancing risks, were added to the company's business activities.
In 2011 the company added renewable services optimising the variable output from wind and solar. Today, the company has more than 12,000 MW of renewables under management.
In 2018, Danske Commodities announced it had been acquired by Norwegian energy company Equinor, with the acquisition being completed on 1 February 2019. Danske Commodities is a wholly owned subsidiary to Equinor, operating under its own name and brand.
Currently, Danske Commodities operates in 40+ power markets and 20+ gas markets, with a 24/7 trading setup. The company employs approximately 600 people, representing more than 40 nationalities. It is domiciled in Aarhus, Denmark, where it has its headquarters in the Akson Business Tower, and maintains a global presence with offices spanning five continents.
From Wikipedia’s article on Danske Commodities, shared under CC BY-SA 4.0.5