Molecule updates from founder and CEO Sameer Soleja

I recently had an opportunity to speak with Sameer Soleja, the Founder and CEO of Molecule, to get an update on Molecule’s key initiatives and his outlook on the commodities market. Sameer is particularly proud of Molecule’s modern technology stack and cloud-native, multi-tenant SaaS architecture that allows for continual updates, testing and release of new features and functions to users rapidly and regularly. He sees this as a distinct differentiator from many other solutions on the market. He also sees trust as an important factor in ETRM software markets saying: “Buyers know that Molecule, if anything, undersells and increasingly, the market sees us as a trustworthy partner as a result.”

Sameer said Molecule is continuing to see a steady stream of new opportunities in North America and Europe, where it is focused currently, particularly on new power and renewables opportunities in Europe.  Further, he indicated almost every customer today is looking for a multi-commodity solution, including most customers adding some form of renewable energy to their existing portfolios.  He also told us that increasingly, Molecule is being involved in larger opportunities and replacements of legacy solutions. Indeed, he said that Molecule’s technology stack enables it to handle large volumes of data very quickly. “In one instance, we were able to handle hundreds of hourly PPA contracts without issue – something that we don’t think anyone else can do,” he told us.

Molecule is continually enhancing its E/CTRM solution, and via its cloud-native multi-tenant solution, is able to deliver new features to its customers frequently and easily. Customers appreciate Molecule’s disciplined and structured approach, which allows them to keep up with rapidly evolving markets such as renewable power.

Molecule is continuing to make new technology available to its customers, including its recently released data-lake-as-a-service, BigBang, which utilizes data streaming technology to enhance their customer’s reporting needs.

With increasing data requirements stemming from the growth of renewable energy markets, Molecule is utilizing technology to proactively identify and address performance problems in its cloud platform before they become a concern for its customers.

Other significant areas of development for Molecule include a new version of its renewables add-on solution, keeping pace with that rapidly evolving market, and its user interface — which has long been both an underpinning part of Molecule’s brand and a key value for customers.  As such, Molecule has started the development of a new user interface that will improve the usability of the solution for existing customers, as well as make the system even easier to implement for new customers.

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