ElectronX raises $30 million to launch new US energy exchange
ElectronX, a Chicago-based energy exchange startup, has raised $30 million in Series A funding to tackle short-term power trading volatility. Backed by major energy and financial investors and approved by the US Commodity Futures Trading Commission (CFTC), the company will launch hourly ERCOT futures and options next month, aiming to bring new stability to US electricity markets.