Founder Dr. Georg Ostermaier had been working together with Prof. Dr. Karl Frauendorfer at the Institute for Operations Research and Computational Finance (ior/cf) in St.Gallen, Switzerland. Together they managed to achieve a breakthrough for the applicaiton of Stochastic Optimization in the Power Industry.
Georg was head of Optimization of Power Systems at the ior/cf, which at the time conducted large scale optimization software projects with Central American and European Power Providers.
Georg is a highly experienced mathematician and has been developing stochastic optimization models for more than eight years for major power producers and traders. He has vast experience in implementing large-scale software systems. Working with Sakonnet Technology, one of the leading Energy Trading and Risk Management System providers and leading the mathematical model development, he gained additional experience gas, coal, oil and the newly emerging emission markets.
