Volue, a leader in technologies and services that enable its customers to succeed in the energy transition, has announced the launch of Volue Smart Power. This next generation software solution will automate power production planning and short-term trading in the power markets.
27. Apr. 2023
As the penetration of renewable energy sources increases, power production planning and trading become more challenging and volatile. Volue Smart Power was developed to provide power producers with a platform to meet these challenges of the future head on.
By automating and optimising the production planning and short-term trading process, Volue’s Smart Power software suite contributes to increased revenues for power producers. Customers can optimise the use of hydro, thermal, wind, solar and batteries to maximise profits and provide enhanced decision-making support for trading processes.
The software uses Volue Mesh, a fully flexible object-based data model. Data modelling with Mesh gives context to data; making it available, maintainable and accessible. Volue Mesh provides APIs allowing users to integrate and develop their own applications that use the object-based data model.
The Volue Automation Framework enables event-driven automation of business processes for production planning and trading. This contributes to increased profitability of production assets and frees up time to focus on the market opportunities.
The Smart Power software suite integrates seamlessly with Volue’s trading solutions, allowing users to connect the assets to the relevant European physical power markets.
Trond Straume, CEO at Volue, said: “We fully understand and appreciate that automation of optimisation and trading processes are key if power producers are to stay competitive. To support that further, the platform’s ability to ensure optimal use of power portfolios will deliver increased resource efficiency, illustrating our strong focus on sustainability.
“With increasingly weather driven markets, the task of managing, planning, and trading power becomes more complex and unpredictable. Volue Smart Power offers a solution by optimising your power portfolio and integrating it with Volue’s trading applications for bidding and trade execution in the various power markets, leading to improved efficiency and increased profits."
“Our latest offering automates the complete end-to-end process of optimising, planning, and trading power, empowering our clients to fully leverage their assets in what have become increasingly mercurial power markets. This is our biggest development project to date and is the culmination of years of hard work, working together with some of Europe’s leading power producers. We now look forward to rolling this one-of-a-kind solution out to existing and new customers.”
Volue is a market leader in technologies and services that power the green transition. Based on 50 years of experience, Volue provides innovative solutions, systems, and insights to industries critical to society. Over 800 employees work with more than 2,500 customers across energy, power grid, water and infrastructure projects that ensure a sustainable, flexible, and reliable future. The company is headquartered in Oslo, Norway and is active in 40+ countries.
Die neue Software-Suite "Smart Power" von Volue erfasst den Wert Ihres Portfolios auf den Energiemärkten, indem sie den Produktionsplanungs- und Handelsprozess automatisiert und optimiert.
Energy Production Planning Software