Second Foundation

About

Founded in 2019, Second Foundation is a private headquartered in Prague, Czech Republic with approximately 200-500 employees specializing in Energy Storage, Biogas, Other.

Second Foundation is a technology-driven energy trading company that applies quantitative trading methods from financial markets to electricity trading. The company operates as a market maker across 26 countries in Europe, North America, and Asia, managing over 2 GW of flexible generation and storage assets. Its proprietary SOPHON platform processes over 2 million data points daily and executes more than 100,000 automated trades. The company optimizes asset performance across multiple market segments including ancillary services, day-ahead auctions, intraday auctions, and continuous intraday trading. Second Foundation combines algorithmic precision with 24/7 human trader oversight to manage risk in volatile market conditions. The company also provides FlexDesk, a web-based platform for asset operators to monitor and manage their energy facilities in real-time.

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