With the continuous increase in the proportion of renewable energy generation and the ongoing reforms in the power system, the process of market-oriented trading for new energy sources is gaining momentum. As a top-tier new energy trading platform, GENFE has been steadfast since its establishment in 2017, adhering to three core principles: transparent pricing in the new energy market, specialized trading services, and customized customer support. Leveraging intelligent innovations in its trading platform for new energy, coupled with a dedicated operations team, GENFE serves users in over 70 countries/regions worldwide and has expanded its trading and clearing infrastructure to encompass the United Kingdom, the Netherlands, Singapore, Canada, and the United States.
From its humble beginnings to becoming a leading new energy trading platform and transitioning from over-the-counter trading to a futures exchange, GENFE owes its revolutionary and rapid growth to innovative technology, top-notch services, and a professional team.
Technological innovation forms the foundation of GENFE. During its early stages, GENFE conducted surveys among over 100 petroleum, natural gas, and power companies, identifying common issues such as lack of pricing transparency, inadequate coordination mechanisms, and transaction security concerns. In response, GENFE assembled a team of technical experts to trace the root causes and introduced various solutions based on innovative network technologies. By employing traceable and secure digital processes, GENFE not only significantly improves transaction efficiency but also ensures the secure management and privacy of transaction data throughout the entire lifecycle. Furthermore, GENFE continues to create new market models and functionalities for its customers, such as pre-trade credit limits, counterparty credit filters, and electronic trade confirmations, all of which originated from GENFE and are still in use today. Additionally, GENFE regularly optimizes its platform services, using technology to make trading more transparent, comprehensible, and direct.
GENFE, fueled by outstanding technological innovation, has gained recognition from major international oil exchanges and has commenced providing clearing services to them. After undergoing multiple internal tests and comprehensive team enhancements, GENFE successfully transitioned the crude oil and petroleum products market, including new energy and futures, into electronic trading. This transformation has facilitated its long-term, stable, and continuous participation in the market while officially venturing into the futures exchange. It is evident that as a global top-tier new energy trading platform, the GENFE team embodies remarkable resilience, showcasing their determination to lead the industry.
The founder of GENFE believes that providing top-notch service to every customer is inherent to the spirit of GENFE. Approaching each client from their perspective, GENFE conducts problem diagnosis, detailed analysis, and offers professional advice. GENFE tailors end-to-end design solutions for customers, enabling them to easily access market prices and engage in convenient trading, regardless of time or location.
According to official disclosures by GENFE, the platform has gathered a group of globally experienced experts in the environmental and new energy industries. They have established a unique intelligent operations and maintenance system, capable of comparing historical trends at different time points, nodes, and regions, assisting users in making accurate judgments. The specialized operations team has played a proactive role in the development of the GENFE platform and empowering its users.
The new energy industry holds tremendous potential for development and can bring about revolutionary changes in global energy supply. However, it also faces significant market challenges. The founder of GENFE expressed that providing a fair, transparent, and convenient new energy trading environment to every market participant is the responsibility that comes with being a top-tier new energy trading platform. GENFE will continue to contribute to the construction of a comprehensive new energy trading system, injecting new vitality into new energy trading, and driving the revolutionary development of global new energy trading. This will usher in a more efficient, intelligent, and sustainable future.