Causal models of the physical economy

From mechanism
to forecast.

We build causal models of the systems that move markets — the atmosphere behind crop yields, the climate behind asset prices, the grid behind power — and license them to the firms exposed to those systems.


What we build

Models of systems,
not curves.

Most desks fit the correlation and move on. We model the mechanism underneath it — identification, structure, and the shape of the data-generating process — so the forecast survives when the regime changes.

01 — Climate & agriculture

Weather into yield, yield into price

Atmospheric and reanalysis data turned into crop-yield and food-price signals, resolved by geography, crop and phenology window.

Weather · soilphenologyyieldprice
02 — Climate risk on assets

Physical climate, repriced

Physical climate translated into asset-level impact: which cashflows move, by how much, and when the market actually reprices them.

Hazardexposurecashflowvaluation
03 — Energy & power

The grid, from the inside

Interconnector capacity, merit-order economics and firm-level supply modelled into day-ahead and forward power across coupled European markets.

Weatherload · supplymerit orderprice
04 — Commodities & supply chains

Shocks that travel

Weather-driven softs, metals and freight — with the energy-shock pass-through that ties otherwise separate markets together.

Shockbottleneckspreadprice

Built to order for the system you're exposed to. If it has a mechanism, we can model it.

Method

Identify it. Validate it.
Deliver it.

01

Identify the mechanism

We start from the causal structure — what drives what, under which conditions — not from whatever correlation the last six months happen to show.

02

Validate on real data

Every model is tested on real, out-of-sample data. We publish the methodology and the results — including the ones that don't work.

03

Deliver the model

You receive a licensed, documented and monitored model — as a signal, a forecast feed, or a full pricing layer that plugs into your stack.

Who it's for

If you're exposed to the
system, you can price it.

Our models are built for anyone whose P&L moves with weather, climate, energy or the food chain.

Energy & utilities Power & commodity traders Asset & fund managers Insurers & reinsurers Agriculture & softs Supply chain & logistics Policy & public bodies

Have a system you
need to price?

Work with us →