Thursday 29 September 2011

APX-ENDEX to Launch the World’s First Exchange for Biomass Energy

Energy exchange APX-ENDEX, in cooperation with Port of Rotterdam, plan to launch a biomass exchange in November. Having received approval by the Netherlands Authority for the Financial Markets, APX-ENDEX is now ready to launch the market, which it claims will help hit renewable energy targets.

Bert den Ouden, CEO of APX-ENDEX: "This market will underline the importance of the mobilising all possible sources for achieving the renewables targets, in a competitive and therefore most cost-effective way - thus paving the way to a renewable energy supplyatthe best ratio between cost and benefits, both for the energy supply and the environment".

APX-ENDEX provides power and gas exchange services for the wholesale market, operating transparent platforms for short term and futures trading in the Netherlands, the United Kingdom and Belgium.