Lumion Labs LTD

Lumion Labs LTD

No generic forecasts. No more spreadsheets. Just high-quality energy data and AI tools to help your energy business succeed.

Company Details

Location
Belfast, United Kingdom
Founded
2024
Employees
1-3
Funding
Bootstrapped

Management Team

Chirag Kumar avatar

Chirag Kumar

Co-Founder

Nicholas McBlain avatar

Nicholas McBlain

Co-Founder

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Legacy tooling for energy trading is already outdated (spreadsheets, gut feel), complicated (needs a data science team), and slow (months/weeks to build and implement new models).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 £).

Disclaimer:
Information for this page was sourced directly from the startups or found in publicly available databases. The data has been collected until the end of the programme's year (eg: A 2020 programme has data updated until December 2020) except for where explicitly said so. The data on co-founders is collected upon startup registration and is not further updated. Funds raised is comprised of direct investments (including crowdfunding), funds, and grants. Opinions, conclusions and views expressed in the startup page are solely personal to the author (startup), unless otherwise clearly stated.