Volue awarded contract with German utility giant
Volue will provide German utility giant EnBW a software for the automation of its energy trading operations.
The share of renewable power production in Europe increases steadily, and with this market volatility. To remain competitive in this segment, utilities need integrated and cloud-based IT solutions. EnBW, as one of the large energy utilities in Germany and Europe, will use Powel DeltaXE, a cloud-based software solution for power and gas scheduling, position management and the power plant dispatch in European Markets.
“We welcome EnBW in our Powel and Volue community. EnBW has significantly increased investments and earnings in the renewables business in the last years. The mission of our green-tech group Volue is to help our customers to succeed in the massive transition from fossil to renewable energy by offering digital technology and deep industry knowledge,” says Trond Straume, CEO in Volue.
“To catch new business opportunities, time to market, flexibility, and a high degree of automation is key for us. The competencies and experience that Powel DeltaXE stands for along with the extensive power and gas market coverage makes the Volue group our ideal strategic partner.
Powel DeltaXE Software as a Service will cover the entire 24/7 processes and serve as our new European Physical Asset Trading Solution,” says Benjamin Karsten, Head of Power and Gas Scheduling in EnBW.
“We are proud that EnBW decided to use Powel DeltaXE, and we are looking forward to a close cooperation. This strategic cooperation confirms our market-leading position in the field of power production optimisation, dispatching, trading and scheduling. I am honoured to lead our strong growth in the European power production and energy trading market,” says Stefan Zähringer, General Manager Powel AG and GmbH.
The Volue group was founded in 2020 in response to the accelerating energy transition and the need for integrated and cloud-based solutions. Volue is built on decades of history and strong market positions and is serving the European energy industry with software, insights and services to increase yield and sustainable growth.
About the Volue Group
Volue is an international technology company owned by the Norwegian industrial investment company Arendals Fossekompani (OSE: AFK). Established in 2020, the group is built on decades of history and strong market positions held by the companies Powel, Wattsight, Markedskraft and Scanmatic. Volue offers unique end-to-end solutions and technology for the energy sector and within digital water, infrastructure construction, defence, transport, maritime and offshore. Headquartered in Oslo, Norway, the group’s companies have offices in Norway, Sweden, Denmark, Germany, Switzerland, Poland and Turkey. Among its international customers are eight of the ten largest European utilities including including EnBW, Enel, E.ON, Fortum, Innogy, RWE, Uniper and Vattenfall.
With over 21,000 employees, EnBW Energie Baden-Württemberg AG is one of the largest energy companies in Germany and Europe and supplies around 5.5 million customers with electricity, gas and water, as well as energy solutions and energy management services. Since 2012, EnBW has responded to the fundamental changes in the German energy transition with a far-reaching company transformation and would like to play a leading role in the restructuring of the energy sector. The company’s strategy focuses on the massive expansion of renewable energies and grids, accompanied by the development of sustainable mobility and intelligent infrastructure solutions.