Volue Smart Power now fully operational with NTE

Volue has announced that its Smart Power software solution is now fully operational with NTE.

NTE is engaged in several projects across Norway involving hydropower, onshore and offshore wind power, solar power, hydrogen and thermal energy. After 100 years of green growth in Trøndelag, NTE is today one of the largest renewable companies in Norway.

Smart Power is Volue’s next generation software solution that automates power production planning and short-term trading in the power markets. NTE now use several elements of Smart Power, including:

• 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

On the announcement, 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.”

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.”

Edvin Schubert, production planner at NTE, said: “Data structure is crucial as we move into new reserve markets and 15 minute MTU that further enhances the optimisation complexity. Smart power, with the MESH object modeling as a strong foundation, Automation Framework as ‘the spider in the web’, and the MESH API that connects us to external sources, has made us ready for the big market changes that as we speak are being implemented.”

Volue Smart Power automates and optimises production, planning, bidding and trading. It was developed and introduced to address the ever-increasing complexity of the power markets.