Volue Smart Power enables NTE to plan its power production more accurately and maximise revenues

About NTE

NTE is a leading energy company focused on the production and distribution of renewable energy. The company has a significant presence in Middle and Northern Norway, where they produce approximately 4.8 TWh of renewable energy annually. NTE is also involved in the development and management of energy infrastructure, as well as offering products and services that promote the transition from fossil fuels to renewable energy use.

Volue Smart Power - capture the value of assets 

Smart Power is Volue’s next generation software solution that automates power production planning and short-term trading in the power markets. Volue Smart Power is now fully operational with NTE, with NTE using it for: 

• Optimisation of hydro
• Inflow forecasting to control its water resources, enabling NTE to plan its power production more accurately and maximise revenues
• Volue Mesh – an open and flexible object-based data model. In Mesh, NTE can model the objects that are relevant to its portfolio with their attributes, time series and links. This gives context to data, making it available, maintainable and accessible

Automating production planning and trading processes 

Camilla Thorrud Larsen, Vice President, Energy Software, Volue, said: “By automating and optimising the production planning and trading processes, our Smart Power solution continues to enable our customers to capture the full value of their assets in the power markets.

“Developed and delivered with flexibility in mind, Smart Power is now being used to cover comprehensive production planning and optimisation processes across the Nordics and Europe. With Smart Power now fully operational for NTE, they join our customers that use the software to optimise their asset portfolios and connect them with the power markets, resulting in maximised value and increased efficiencies.”

Ready to take on new challenges 

Ivar Nastad, head of physical market operations at NTE, said: “We saw the need for restructuring our system for planning and trading in the physical power markets, in order to facilitate participation in multiple markets transitioning to quarterly time resolution.

"We also wanted to make the data more accessible and to build our own solutions for parts of the business processes, by fetching data from the system and putting data back into the system in a structured way. Easing the automation of processes around replanning and rebidding was also an important goal for us.

"By going operational with Volue Smart Power through our hard work together with Volue’s consultants, we have achieved our goals and are now ready to take on new challenges.”