Lumion Labs LTD
Company Details
- Location
- Belfast, United Kingdom
- Website
- https://www.trylumion.com
- Founded
- 2024
- Employees
- 1-3
- Funding
- Bootstrapped
Learn more
About Lumion Labs LTD
The problem we're solving:
Legacy tooling for energy trading is already outdated (spreadsheets, gut feel), complicated (needs a data science team), and slow (months/weeks to build and implement new models).
$40bn is already lost annually; forecasting errors regularly exceed 20%
Renewables are increasing volatility, so errors are becoming more frequent, and more expensive.
Our solution:
Lumion is an AI-powered no-code builder for energy traders, turning energy data into deployable forecasts in minutes.
Connect your data, enhance it with our data sources, and generate a simple forecast you can share with your teams and automatically update as new data becomes available.
Our differentiator:
Our competitors build Python tools to help users speed up the development time of models and forecasts. But we know that energy traders aren’t expert coders so making it easier to code isn’t sufficient.
We want to empower the trader to validate and simulate their gut feel quickly without having to deal with messy code, DevOps, or communication latency. All of which result in missed trading opportunity.
Our biggest achievement:
Our biggest achievement so far is securing our first revenue contract with a paid pilot.
Our primary metric for growth is revenue, and our primary outcome metric is value generated (time/opportunity in £).