Technology firm of the year: Mobius Risk Group

Energy market participants are facing numerous challenges, from extreme price volatility to increasingly complex transportation logistics, from credit constraints to evolving environmental regulation. It’s therefore vital they have optimal visibility into their cashflows, credit exposures and market positions in order to make informed decisions.

This is where Mobius Risk Group, winner of Energy Risk’s 2025 Technology firm of the year award, comes in. With its unique combination of deep market expertise, proprietary transactional data and advanced technology, the firm has long excelled at transforming unstructured, siloed data into bespoke and actionable insights for corporates, industrials and financial firms involved in commodities. However, in recent months, the firm has embarked on a quest to encapsulate its advisory, data and analytics expertise in technology products that can be used independently by clients.

“This is a huge shift for us; we’re now on a mission to capture our wealth of knowledge, our thinking and analytics, and put it into technology products that firms can use to scale their businesses,” says Eric Melvin, founder and chief executive of Mobius Risk Group. “We see many gaps right now where technology can solve problems and drive efficiency, so we want to get the tools into people’s hands,” he says.

By accessing these products on a modular basis, or through Mobius’s cloud-based risk management platform RiskNet, firms can apply Mobius’s approach, thinking and analytics to various elements of their business. An example is rPNL, an advanced tool launched last year, that leverages risk bands and scenario analysis to model potential revenue outcomes.

“This is really about the sensitivities and probabilities of companies meeting their capital objectives,” Melvin says. “We use a series of analytics, looking at the physical cashflow of their business but also at financial instruments, capital structure, how much leverage they have, obligations and so on, in order to understand the probability of them hitting, exceeding or failing their capital objectives.”

Crucially, the tool comes with dynamic risk visualisation that allows users to simulate hedge outcomes across multiple price scenarios. “Being able to visualise outcomes is far more powerful than just expressing it numerically,” says Melvin.

The risk band generation is based on market-implied volatilities, providing 90% confidence intervals for commodity prices with daily updates. It also provides client-specific insights by integrating production profiles, physical pricing mechanisms and financial positions.

RiskNet covers crude oil, natural gas, gas-to-liquids, power, metals and carbon markets globally and integrates physical and financial positions with internal business data and external fundamental data. It contains thousands of market price insights and supports complex scenario modelling. Each offering is tailored to the client’s specific workflow and objectives.

“We collaborate closely with clients to understand their specific needs, whether for hedge strategy optimisation, midstream contract analysis, or market scenario modelling,” says Melvin. “We then configure analytics modules that integrate with their existing workflows.”

Another tool that showcases Mobius’s drive to encapsulate its expertise in technology is Midstream HQ. This uses advanced data integration to pull together vast amounts of midstream contract data that it then analyses to identify value optimisation opportunities.

Another such tool is Mobius’s carbon calculator which the firm enhanced last year with new features. The tool integrates carbon footprint monitoring with financial metrics to inform decisions.

“This goes beyond measuring a firm’s carbon footprint to really help them understand the cost of carbon to their business,” says Melvin. “With this tool, they can anticipate the full cost of their carbon obligations on their business and gain visibility into the most cost-effective ways of reducing it, whether that be operational changes or offsetting. That way they can properly allocate carbon to their cost structure.”

In terms of the RiskNet platform technology, Mobius improved system performance over the last year, resulting in faster processing times for large datasets, enhanced mobile accessibility  and stronger API connections to critical market data sources, Melvin says. The firm posted increased revenue for 2023–24, “high” customer-retention rates and “significant growth” in clients, Melvin adds. 

As its new functionalities are taken up, clients are looking to tackle increasingly complex issues, Melvin says. “We’re getting engagement on much more complicated questions like, for example, how leverage ratios migh be impacted. This is great news. Overall, we want to give firms the tools to drive efficiency in the marketplace and ultimately narrow the bid-ask spread,” he says.