Comity
2 open NYC jobs
Comity is a New York-based company founded in 2021 that focuses on reducing counterparty credit risk in power and power-derived commodity forward contracts. By leveraging artificial intelligence and computational science, Comity helps energy producers and users collateralize transactions more efficiently and at lower costs. The company aims to build financial infrastructure that supports cleaner and more reliable energy systems.
One of Comity's key offerings is On-demand Collateral (ODC), a performance guarantee backed by highly rated insurance capital. This service functions like a letter of credit and is supported by an underwriting and servicing engine that utilizes granular power market data, advanced AI, and energy-domain expertise. Comity serves corporates and energy merchants, providing credit support and collateral solutions for participants in electricity and power commodity markets. The company's mission is to enhance the reliability, transparency, and efficiency of energy systems while accelerating the deployment of clean energy resources.