Under Gemini-konferansen 2023 ble to bemerkelsesverdige personer anerkjent og hedret med Volues Innovasjonspris 2023 for deres utmerkede bidrag til vann- og anleggsbransjen. Under festmiddagen 22. november ble Odd Petter Habbestad fra B&oslash;mlo Vatn og Avl&oslash;pselskap AS tildelt prisen for Water &amp; Community, og Ruben Rosland fra Risa AS stakk av med prisen for Construction.
<h2>Odd Petter Habbestad &ndash; Water &amp; Community</h2>
Odd Petter Habbestad fra B&oslash;mlo Vatn og avl&oslash;pselskap AS utmerket seg som en pioner i Water &amp; Community-kategorien.&nbsp;Kommunen har over tid jobbet godt med &aring; redusere tapet av drikkevann fra ledningsnettet og har i dag en av Norges laveste lekkasjeniv&aring;er. Kommunen er uredd og t&oslash;rr pr&oslash;ve ut nye teknologier, det v&aelig;re seg nye sensorer eller andre digitale l&oslash;sninger. Kommunen er et aktiv formidler av kunnskap ut mot norsk vannbransje og utrykket &laquo;look to Norway&raquo; kan godt anvendes p&aring; denne kommunen n&aring;r det gjelder vann og avl&oslash;p.
Habbestad er en aktiv sparringpartner i det p&aring;g&aring;ende arbeidet med &aring; utvikle en egen l&oslash;sning for deteksjon av fremmedvann i avl&oslash;psnettet hvor det benyttes maskinl&aelig;ringsmetoder basert p&aring; kommunens tilgjengelig sanntidsdata.&nbsp;
&Oslash;y-kommunen har organisert driften av VA-tjenestene i et eget aksjeselskap. Om det er organiseringen som gj&oslash;r at kommunen er s&aring; innovativ og fremp&aring; skal v&aelig;re usagt. Det som derimot er helt sikkert er at kommunen har en faglig spydspiss i drifts- og prosjektlederen i kommunen.
<h2>Ruben Rosland &ndash; Construction</h2>
I Construction-kategorien ble Ruben Rosland fra Risa AS hyllet for sin innsikt, engasjementet og tiln&aelig;rmingen Rosland viser Volue som leverand&oslash;r. Han utfordrer Volue gjennom &aring; v&aelig;re p&aring;driver for &aring; f&aring; p&aring; plass ny funksjonalitet. Han er nytenkende og inkluderende, stiller realistiske krav gjennom sine &oslash;nsker og bidrar sterkt med konstruktiv kritikk. Ruben har ogs&aring; god innsikt i hvordan man effektiviserer arbeidsmetoder gjennom digitalisering for &aring; im&oslash;tekomme krav i bransjen. Rosland har ikke bare bidratt til &aring; videreutvikle eksisterende produkter for &aring; m&oslash;te fremtidige behov, men har ogs&aring; tatt i bruk Volues produkter p&aring; nye og innovative omr&aring;der. Hans engasjement for &aring; delta i utviklingsl&oslash;p og v&aelig;re en verdifull sparringspartner har gjort ham til en sentral skikkelse i &aring; drive innovasjon i anleggsbransjen.
<h2>Kriterier for Innovasjonsprisen </h2>
Vinnerne ble utvalgt basert p&aring; en n&oslash;ye vurdering av deres innsats innenfor f&oslash;lgende kriterier:
<ul>
 <li>Ideer og innspill: Bidraget til utviklingen av nye produkter gjennom innovative ideer og verdifulle innspill.</li>
 <li>Framtidig behov: Evnen til &aring; bidra til videreutvikling av produkter for &aring; im&oslash;tekomme fremtidige behov i bransjen.</li>
 <li>Nytenkning og modighet: &Aring; v&aelig;re modig nok til &aring; g&aring; foran og utforske nye tanker og tiln&aelig;rminger.</li>
 <li>Bruk p&aring; nye omr&aring;der: &Aring; ta i bruk Volues produkter p&aring; nye og utfordrende omr&aring;der innen vann- og anleggsbransjen.</li>
 <li>Deltakelse i utviklingsl&oslash;p: &Aring; sette av tid og ressurser til &aring; aktivt delta i utviklingsl&oslash;p for &aring; forme fremtiden for bransjen.</li>
 <li>Samarbeid og sparring: &Aring; v&aelig;re en god sparringspartner og samarbeidsperson, som bidrar til felles vekst og utvikling i bransjen</li>
</ul>
<h2>Fremtidsrettet innovasjon</h2>
Volues innovasjonspris 2023 er et kraftfullt signal om at fremtidig vekst og utvikling i vann- og anleggsbransjen krever modige og dedikerte bidragsytere. Water &amp; Community-vinner Odd Petter Habbestad og Construction-vinner Ruben Rosland er eksempler p&aring; hvordan innovasjon kan forme fremtiden for bransjen.
Vi ser frem til &aring; f&oslash;lge videreutviklingen av disse innovative prosjektene og feire flere pionerer som Odd Petter Habbestad og Ruben Rosland i tiden som kommer.&nbsp;

Fremragende bidragsytere til vann- og anleggsbransjen feiret på Gemini-konferansen!

Vinnere av Volues innovasjonspris 2023

<h2>M&oslash;tested for innovasjon</h2>
Gemini-konferansen har som m&aring;l &aring; fungere som en m&oslash;teplass for innovasjon innen vann- og anleggsbransjen. Det er en arena for &aring; utforske nye teknologier, adressere de utfordringene som bransjen st&aring;r overfor og diskutere l&oslash;sninger p&aring; disse.&nbsp;
&Aring;rets konferanse fokuserte p&aring; en rekke sentrale temaer som er kritiske for bransjens fremtid. Blant disse: digitalisering av bransjen, &oslash;kte prosjektkostnader og hvordan man kan h&aring;ndtere de stadig &oslash;kende kravene til infrastrukturprosjekter.
<h2>Inspirerende Keynote-talere</h2>
Volue er stolte av &aring; kunne tiltrekke seg n&oslash;kkelpersoner i b&aring;de vann- og anleggsbransjen. Keynote-talerne Julie Brodtkorb, administrerende direkt&oslash;r i Maskinentrepren&oslash;renes forbund, og Anna Maria Aursund, direkt&oslash;r i Vann- og avl&oslash;psetaten, Oslo kommune, delte sine innsikter om bransjens utvikling, utfordringer og muligheter. Deltakerne fikk h&oslash;re inspirerende taler fra begge som bidrar til &aring; forme og p&aring;virke bransjens fremtid.&nbsp;

<h2>Volues innovasjonspris 2023</h2>
Under Gemini-konferansen 2023 ble to bemerkelsesverdige personer anerkjent og hedret med Volues Innovasjonspris 2023. De ble anerkjent for &aring; ha bidratt med sine innsikter, engasjement og samarbeidsvilje med Volue for &aring; utvikle de beste l&oslash;sningene. Under festmiddagen 22. november ble Odd Petter Habbestad fra B&oslash;mlo Vatn og Avl&oslash;pselskap AS tildelt prisen for Water &amp; Community, og Ruben Rosland fra Risa AS stakk av med prisen for Construction.&nbsp;
Vi ser frem til &aring; f&oslash;lge videreutviklingen av disse innovative prosjektene og feire flere pionerer som Odd Petter Habbestad og Ruben Rosland i tiden som kommer.&nbsp;
<h2>Fremtidsrettede nettverksmuligheter</h2>
Konferansen bydde ogs&aring; p&aring; et variert utvalg av foredrag, lynkurs og siste nyheter i Gemini-portef&oslash;ljen. Dette gir deltakerne muligheten til &aring; dykke dypere inn i spesifikke temaer, dele egne erfaringer og dra nytte av produktspesialisters kompetanse.
En av de mest verdifulle aspektene ved Gemini-konferansen er muligheten for deltakerne &aring; nettverke med bransjeeksperter og potensielle samarbeidspartnere. Slike relasjoner er avgj&oslash;rende for &aring; skape fremtidige muligheter og drive bransjen fremover.
Gjennom kunnskapsdeling og inspirerende diskusjoner, forlot deltakerne konferansen med ny innsikt, verdifulle kontakter og en fornyet entusiasme for &aring; forme fremtiden for vann- og anleggsbransjen.
Vi ser frem til &aring; m&oslash;tes igjen p&aring; Gemini-konferansen 2024 i Trondheim!

Gemini-konferansen er et høydepunkt i vann- og anleggsbransjen, og 22.-23. november samlet vi nærmere 600 mennesker fra bransjen. Konferansen er en unik arena for å møte folk, dele erfaringer og kunnskap, samt diskutere de nyeste trendene i bransjen. 

Gemini-konferansen 2023

Gemini-konferansen 2023: Samling av vann- og anleggsbransjen

<h2>Finland and Sweden: countries in context&nbsp;&nbsp;</h2>
Finland's wind energy sector has continued to demonstrate significant expansion during 2023. The Nordic country maintains an active commitment to investing in onshore wind power projects as a means to bolster its renewable energy capacity and align with its green energy targets. Multiple wind farms are either in development or have recently reached completion, contributing substantially to the evolution of the Finnish energy ecosystem.&nbsp;
Over the last decade, Sweden's renewable energy capacity has also increased, fueled by an increase in hydropower and ongoing growth in wind. By 2026 the Swedish energy ecosystem will have almost doubled its wind power to 52 TWhs. At the same time, industries are repositioning themselves to take advantage of these new resources and we anticipate that Sweden will find itself to be a significant net exporter of renewable energy by that time. All of these factors mean that there are more variables to work with and more opportunities to latch onto.&nbsp;&nbsp;
It&rsquo;s with this context in mind that Tomi takes up the story.&nbsp;
<h2>Balancing Supply and Demand&nbsp;&nbsp;</h2>
&ldquo;Manual Frequency Restoration Reserve, or mFRR, is increasingly becoming more important in the context of power grid management and electricity generation. With a growth in intermittent renewables, it's more important than ever to maintain a balance between the supply of electricity and its demand. Any imbalance in this equilibrium can lead to fluctuations in the grid's frequency, which can have detrimental effects on the stability and reliability of the electrical system,&rdquo; explains Tomi.&nbsp;&nbsp;
&ldquo;mFRR is one of the mechanisms used to help maintain this balance. It is a type of reserve capacity that is held in the energy market to quickly respond to unforeseen events that can cause frequency deviations on the grid. These events can include sudden changes in electricity demand, unexpected generator outages, or other disturbances,&rdquo; he adds.&nbsp;&nbsp;

<h2>The Reserve Market&nbsp;&nbsp;</h2>
"In&nbsp;Finland, wind power participates in the reserve market to a small extent. However, this is changing, and we have seen that it continues to grow year-on-year. Some producers are active in the mFRR market, but in other markets there are no wind participants yet. For those who are active, we are supporting their sector requirements. &nbsp;
&ldquo;By way of context, this year we have already launched mFRR trading for several parks. In addition to that, some other parks have already agreed to participate in the reserve market with us and are already in the process of implementation. These have a combined maximum capacity of&nbsp;close to a thousand MW's by year end. In addition, there are active service offers pending for several parks&rdquo;, says Tomi.&nbsp;<span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}">&nbsp;
<h2>Technical Monitoring Services&nbsp;&nbsp;</h2>
So just what sets Volue apart from the rest when it comes to reserve market activity?&nbsp;&nbsp;
Tomi had this to say.&nbsp;

Senior Vice President, Volue Energy Market Services

“One clear advantage for us is our 24/7 control room and technical monitoring service. This enables us to provide curtailing to the park when it's due – so we can offer the customer a one-stop shop type of service, as a unique service provider in the Nordics. It’s something that we are now looking to introduce across the Nordics, with Sweden our next natural step when it introduces the Balance Service Provider model (BSP)."

&ldquo;The Nordic energy market is revamping itself, introducing new flexibility revenue opportunities through the new role of the BSP and the transition to 15-minute trading and settlement intervals. The latter is already in place, building a strong basis for upcoming opportunities.<span data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:240}">&nbsp;
&ldquo;Sweden is also seeing the ramifications of an overcommitment to long contracts, or so-called baseload power purchase agreements. While useful in gaining financial backing, they can also become a liability when market conditions change. Having a more nimble and modular approach to securing asset value will ensure asset owner resilience in a time of change and is something the market needs to embrace even more as complexity and volatility increase.&nbsp;
&ldquo;In addition to mFRR, we are trading our customers&rsquo; assets on all reserve market categories and also participating in Fingrid&rsquo;s pilot project to bring wind power to more than the mFRR markets. We already have several non-wind power customers in other reserve markets, with many participating in several markets at the same time. Our aim is to optimise our clients' income in the different reserve markets according to where the best income would be available, and we remain committed to developing these tools further.&nbsp;&nbsp;
&ldquo;For me, reserve power markets such as mFRR remains a vital component of the energy market that helps maintain the stability of the electrical grid by quickly responding to frequency deviations, ensuring a reliable supply of electricity to consumers. We look forward to continuing to support the Nordic market over the coming years.&rdquo;&nbsp;&nbsp;

Volue Energy Market Services is a market leader for software-backed services in the renewables sector. It provides power producers, industrial companies, traders, aggregators and battery operators with services including asset operations, power production planning and optimisation, and trading and settlement. Provision of real time Nordic control room services not only complements the portfolio but adds a critical information and controllability aspect to both energy and storage assets. This in turn gives customers an edge in the ever-developing complex market landscape.&nbsp;&nbsp; Navigating the power market is a complex exercise. Through cutting edge technology, machine learning, algorithms and our highly competent team, our solutions optimise assets and reduce risk in the financial and physical power market.&nbsp;&nbsp; 
Visit <a href="https://www.volue.com/energy-market-services">Volue Energy Market Services</a>.&nbsp;

Volue Energy Market Services  

We recently caught up with Tomi Pesonen, Senior Vice President, Volue Energy Market Services. Tomi, who is both a native of and based in Finland, had this to say about the wind market in the Nordics, the use of Manual Frequency Restoration Reserve in maintaining sector balance, and the opportunities that continue to be presented.

Volue Continues to Support the Nordics' Growing Reserve Market

The transformation towards recurring revenues and Software as a Service (SaaS) continues. SaaS revenues were NOK 105 million in the quarter, an increase of 50 percent compared to the third quarter of 2022. Recurring revenue constituted 76 percent of total revenues and reached NOK 254 million in the quarter, an increase of 40 percent from the third quarter of 2022.&nbsp;&nbsp;
&ldquo;We&rsquo;re excited that our annualised ARR base broke the barrier of 1 billion NOK in the quarter, representing an important milestone for Volue. This demonstrates that we hold true to our promise of powerful growth in ARR and SaaS as we are reaping the benefits of the investments we&rsquo;ve made in our platform. Through our go-to-market strategy, we&rsquo;re building a robust SaaS company, and our success in doing so is evident from the growth we&rsquo;ve delivered in ARR and SaaS revenues since listing in 2020,&rdquo; says Trond Straume, CEO of Volue.&nbsp;
Volue achieves sustained growth through key customer acquisitions, highlighted by strategic wins in the quarter. Notably, the company expanded its presence in Japan, reaching 22 paying customers. The proven market fit in Japan serves as a clear testament to the value that Volue brings customers &ndash; also in virgin markets without decades of track record.&nbsp;
The strategic review of the ownership in Industrial IoT is still underway, and it&rsquo;s deemed appropriate to keep the unit somewhat separate from the Energy segment. Hence, Industrial IoT is reported under &ldquo;other segments&rdquo;, and all figures referred to in the Energy segment are excluding Industrial IoT.&nbsp;&nbsp;
In the third quarter of 2023, revenues from the newly acquired Enerim Oy's Energy Market Services division are recognised in the Energy segment. On the other hand, the Energy segment faced headwinds in non-recurring volatility-driven revenues when compared to the third quarter of 2022. The abnormal volatility revenues is estimated to NOK 60 million for the full year 2022. As indicated and expected, these revenues came down, and the effect was approximately NOK 30 million in the third quarter.&nbsp;&nbsp;
In sum, the Energy segment grew at a rate of 16 percent compared to the same quarter last year, while the organic growth versus the same period was -3 percent. Achieving organic revenues almost on par with the same period last year in the absence of the non-recurring revenues suggests strong development in ARR and SaaS and a very healthy improvement in the underlying business.&nbsp;
&ldquo;With decreased non-recurring revenues and great progress in ARR and SaaS, we&rsquo;re left with significant uplifts in their respective shares of revenue for the last twelve months. The fact that we&rsquo;ve also been able to improve margins from the corresponding quarter last year speaks volumes to the underlying performance of our business,&rdquo; Straume says.&nbsp;&nbsp;
Going forward, Volue sees substantial potential in the growth of batteries, wind and solar. The acquisition of the Enerim Energy Market Services division and increased focus on portfolio management as a service is a direct consequence of the group&rsquo;s belief in this segment.&nbsp;
&ldquo;We have hit the ground running on the integration of Enerim and the formation of Volue Energy Market Services. The business line is providing Portfolio Management as a Service to a growing market, including small to medium wind, solar and battery players. Combined, we are the Nordic market leader, positioned to be a leader in Europe by 2030,&rdquo; Straume says.&nbsp;
&ldquo;We are steadfast in our ambition to become the number one software and software-backed service provider to the European energy system by 2030. At the speed markets are changing, opportunities are opening up for Volue across the board, and our task is to pursue the right ones. In order to do so, Volue will continue to be focused, both organically and structurally,&rdquo; Straume continues.&nbsp;
Volue maintains the following long-term guidance to the market&nbsp;
<ul>
 <li data-leveltext="" data-font="Symbol" data-listid="4" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" aria-setsize="-1" data-aria-posinset="1" data-aria-level="1">Annual long-term organic growth of 15 percent&nbsp;&nbsp;</li>
 <li data-leveltext="" data-font="Symbol" data-listid="4" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" aria-setsize="-1" data-aria-posinset="2" data-aria-level="1">Target of NOK 2 billion in revenues by 2025, including M&amp;A&nbsp;</li>
 <li data-leveltext="" data-font="Symbol" data-listid="4" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559684&quot;:-2,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" aria-setsize="-1" data-aria-posinset="3" data-aria-level="1">Year-by-year increases of adjusted EBITDA margin, cash conversion, share of ARR and SaaS revenues&nbsp;</li>
</ul>
*EBITDA and other alternative performance measures (APMs) are defined and reconciled to the IFRS financial statements as part of the APM section of the third quarter 2023 presentation on page 32.&nbsp;

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 active in 40+ countries.&nbsp;

About Volue

<h2>Highlights and presentation &nbsp;</h2>
For further details, please see the <a href="https://www.volue.com/investors">presentation on our investor pages</a>. In the video presentation below, CEO Trond Straume sums up the results and highlights.&nbsp;

Arnstein Kjesbu

Chief Financial Officer & Strategy

Jacob Zeno Clausen Krøvel

Head of Investor Relations

For additional information, please contact: 

Oslo, November 10th 2023: Volue ASA (OSE: VOLUE) reported operating revenues of NOK 334 million in the third quarter of 2023, an increase of 14 percent from the third quarter of 2022. Adjusted EBITDA* was NOK 63 million, with an adjusted EBITDA margin of 19 percent. 

Financial Results For the Third Quarter of 2023

Dagens l&oslash;sninger for smart lading av elbiler tar utgangspunkt i at str&oslash;mprisen p&aring; ulike tidspunkter av et d&oslash;gn settes en dag i forveien, og s&aring; legges det opp til lading p&aring; tider av d&oslash;gnet med lav pris.
Slike l&oslash;sninger ser dermed bort fra at str&oslash;mprisene ikke bare varierer i l&oslash;pet av et d&oslash;gn, men enda mer i l&oslash;pet av en uke. Samtidig har de fleste kun behov for &aring; lade elbilen en til to ganger i uken.

N&aring; lanserer Fjordkraft neste generasjon smart lading av elbiler, basert p&aring; &laquo;langtidsvarsel&raquo; for str&oslash;mprisen fra Volue.
&ndash; V&aring;r f&oslash;rste prioritet er selvsagt &aring; legge inn funksjoner i Fjorkraft-appen som vi tror kundene v&aring;re vil ha nytte av her og n&aring;, og det tror vi absolutt dette har. Men dette handler ogs&aring; om &aring; bidra til det gr&oslash;nne skiftet ved &aring; hjelpe forbrukerne til &aring; opptre fornuftig og fleksibelt i fremtidens str&oslash;mmarked, sier forretningsutvikler Marius &Oslash;xenberg i Fjordkraft.&nbsp;
I f&oslash;rste omgang vil man f&aring; anbefaling om hvilken dag det blir billigst &aring; lade og hvilke dager det er dumt &aring; lade, fem dager frem i tid. Da det er store variasjoner i str&oslash;mpriser fra dag til dag viser Volues analyser at denne f&oslash;rste tjenesten alene vil kunne gi en typisk elbileier 1000 kroner i redusert ladekostnad &aring;rlig.
<h2>&nbsp;F&oslash;rste skritt</h2>
Langtidsvarselet Fjordkraft n&aring; lanserer er bare f&oslash;rste skritt. Det neste som kommer er at forbrukere kan f&aring; redusert nettleie ved &aring; lade &laquo;nettsmart&raquo; i omr&aring;der der str&oslash;mnettet er fullt. Volue ansl&aring;r at dette vil kunne gi ytterligere 1500 kroner eller mer i &aring;rlig besparelse for en typisk elbileier.&nbsp;
&nbsp;&ndash; Vi jobber konkret med slike l&oslash;sninger i samarbeid med nettselskapene Norgesnett, Lede og Tensio. Disse nettselskapene er offensive i det gr&oslash;nne skiftet, og viser stor vilje til &aring; legge til rette for solkraft p&aring; alle bygninger i sitt nettomr&aring;de. Det er derfor ikke lenge til vi ser dette p&aring; markedet, sp&aring;r Storset, som leder Volues <a href="https://www.volue.com/spark">Spark partner&oslash;kosystem</a> for smarte energil&oslash;sninger p&aring; nabolagsniv&aring;.
<h2>Sol krever fleksibilitet</h2>
Installasjon av solpaneler p&aring; tak vil fremfor noe drive behovet for smarte nabolagsl&oslash;sninger. N&aring;r flere og flere installerer solproduksjon p&aring; taket, vil det mange steder bli mer produksjon enn dagens nett kan ta imot. Som et alternativ til &aring; bygge nytt eller forsterke nettet, kan nettselskapene skape mer fleksibilitet i nabolagets bruk av str&oslash;m.
&ndash; Du vil rett og slett f&aring; betalt av det lokale netteselskapet for &aring; v&aelig;re fleksibel. Det er billigere for nettselskapene &aring; betale folk for &aring; bruke str&oslash;m p&aring; dagtid n&aring;r solproduksjonen er stor enn &aring; bygge ut nettet overalt, sier Storset.

Relaterte artikler

Kjetil Storset

Spark Lead

Blair Grant

Senior Communications Manager

Vil du vite mer?

Flere aktører tilbyr smart lading av elbiler. Men dagens løsninger er ikke særlig smarte. Nå har Volue og Fjordkraft tatt første skritt mot fremtidens smarte lading. Det kan elbileiere spare tusenlapper på.

Smart lading ikke så smart som du tror

Richard Schytte, who previously held the role of Volue&rsquo;s VP of Nordic Sales, will now take on the CCO position, while Roland Peetz, who has been Volue&rsquo;s SVP for Trading Solutions, will become SVP of Volue Energy Software. This new product line will see the merger of what were previously two separate entities: Trading Solutions and Energy Solutions. &nbsp;
&nbsp;Richard will be based in Volue&rsquo;s Oslo headquarters, while Roland will operate from the company&rsquo;s Munich base. Both senior hires will support Volue&rsquo;s strategic focus and vision: to be the number one software and software-backed service provider to the European energy system by 2030.&nbsp;&nbsp;&nbsp;
&nbsp;Trond Straume, CEO, Volue, had this to say on the new product line and appointments. He said: &ldquo;I am delighted to have secured Richard and Roland for their respective positions. Each brings a level of experience, expertise and knowledge to our senior management team, which will greatly enhance our day-to-day, operational and strategic offering.&nbsp;&nbsp;
&nbsp;&ldquo;As CEO of Volue, I have long emphasised the value and importance I place in our people. Across the business, from Europe, the Nordics and East Asia, the team all work together with a dedication, talent, and drive to create success and unlock extraordinary value for our customers. I welcome Richard and Roland to their new roles with this context firmly in mind.&nbsp;
&nbsp;&ldquo;Volue has strong ambitions to deliver value across the entire green energy value chain, and a natural step to support that was by combining our optimisation and trading solutions. With the move to Volue Energy Software, we will join forces, capacity, and competencies to become the leading vendor in this space. These senior appointments will support that.&rdquo;&nbsp;
&nbsp;Volue&rsquo;s market-leading products optimise energy production, trading, distribution and consumption. Among its international energy customers are eight of the ten largest European utilities. Volue also serves most of the Nordic grid operators and has a strong position among Norwegian municipalities, construction, and infrastructure developers.&nbsp;
&nbsp;

Volue (OSE: 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. &nbsp;
 <o:p></o:p>

Volue, a market leader in technologies and services that enable its customers to succeed in the energy transition, has announced the appointment of its new Chief Commercial Officer (CCO), and Senior Vice President (SVP) for its Energy Software product line. 

Volue Strengthens its Leadership Structure with a Duo of Senior Appointments  

Jens had this to say.&nbsp;
&ldquo;For decades, electricity utilities have thrived on a bedrock of stability, where ideas of 'next year will be like the last' echoed through the industry. Predictable productions, loads, and grid operations were the norm. However, as the high-scale introduction of electric vehicles (EVs) and photovoltaic (PV) systems sweeps across the energy landscape, that stability has become a distant memory, giving way to a new era of uncertainty and transformative challenges.&nbsp;
&ldquo;This transformation is placing unprecedented demands on the electric grid, which must now transport significantly more energy while contending with volatile energy production and consumption patterns.&nbsp;
&ldquo;The result? A surge in customer connectivity requests, a cascade of grid reinforcement projects, and a shift toward operating the grid at greater demands than ever before. The IT solutions of today, once reliable, are no longer equipped to meet the challenges of this evolving landscape. As such, our grid operations must undergo a profound reinvention.&rdquo;&nbsp;
Where to Find the Fix for Evolving Electric Utilities?&nbsp;
The solutions to these emerging challenges are far from straightforward, and there's no one-size-fits-all formula to address them. However, one thing remains crystal clear: the industry veterans who have been delivering consultancy, software, and hardware, and who have been fixtures in the industry for decades, must be willing to step out of their comfort zones to provide the necessary solutions.&nbsp;
Jens takes up the story.&nbsp;
&ldquo;To navigate these uncharted waters, it's important to cast a wider net, exploring the market for fresh perspectives, drawing inspiration and insights from diverse sources, and acknowledging that solving these challenges demands an open-minded approach, collaborative efforts, a readiness to take calculated risks, and substantial investment,&rdquo; he says.&nbsp;&nbsp;
Jens adds, &ldquo;Failing to embrace change in a timely manner could leave electric distribution companies grappling with monumental hurdles and significantly higher costs down the road&rdquo;.&nbsp;
Embracing the Future: Automation and the Digital Twin will be Essential for Meeting Utility Challenges&nbsp;
Regardless of the vendor or specific IT solution, the linchpin of the future lies in automation, specifically driven by data for grid optimisation and operation. This data-driven operation, in turn, hinges on the availability of thorough, well-structured, high-quality information encompassing the entire grid&mdash;a concept that we at Volue refer to as the digital twin.&nbsp;
Jens explains the importance of digital twin modelling below.&nbsp;&nbsp;
&ldquo;A digital twin serves as a meticulous digital replica of the entire grid infrastructure. Within this virtual realm, each cable within the grid is meticulously documented, including its precise geometry and essential property data such as commissioning date, cable type, and electric characteristics. This comprehensive documentation extends to encompass connections with other grid components.&nbsp;
&ldquo;Similarly, detailed documentation is maintained for substations, down to the specifics of the transformers, breakers, fuses, and their interconnections, both internally and with external cables and overhead lines. In essence, every individual component and line that constitutes the grid is meticulously catalogued, along with its network of connectivity, spanning from high voltage down to medium and low voltage segments. Typically, such a comprehensive digital twin is maintained within a Geographic Information System (GIS) solution or a Network Information System (NIS).&nbsp;
&ldquo;The utility of this digital twin is profound, serving as the bedrock for a wide range of grid analyses. It enables precise electric calculations, facilitates robust risk assessments, and offers a dynamic platform for sharing critical information with field personnel. Moreover, it empowers field workers to actively participate in the maintenance and update of grid data, fostering a collaborative approach to grid management.&rdquo;&nbsp;
In the face of the significantly amplified challenges confronting electric utilities, this digital twin emerges as the cornerstone for effectively controlling both capital expenditure (CAPEX) and operational expenditure (OPEX), ensuring the industry's resilience in the midst of transformation.&nbsp;
Unleashing Volue Expertise in Tackling Electric Utility's Market Challenges&nbsp;
Volue&rsquo;s extensive business knowledge capabilities are poised to make a significant impact in tackling the challenges outlined in the market.&nbsp;
Volue has established itself as the foremost vendor in the well-developed Scandinavian market since the 1980s. Through strategic acquisitions, we have cultivated an extensive knowledge base and a diverse array of capabilities that are highly relevant to the development of future-proof solutions.&nbsp;
Volue&rsquo;s power grid portfolio includes load and production forecasting, energy trading, comprehensive grid documentation, precise grid calculations, efficient grid connection management, meticulous grid planning, and effective grid maintenance, as well as many other solutions to meet the ever-changing needs of the sector.&nbsp;&nbsp;
To find out how we can support your power grid requirements, <a href="https://www.volue.com/contact-us">please contact us today</a>.&nbsp;&nbsp;
In our next article, &ldquo;Navigating the Digital Frontier: Unleashing the Power of Digital Twins with Volue's Expertise&rdquo;, we'll delve deeper into the concept of the digital twin, make a compelling case for considering ArcGIS Utility Network as your platform of choice, and demonstrate how Volue outperforms the competition by delivering best-in-class migrations with unmatched speed and quality.&nbsp;

From Watts to Weather  

In the first of series of articles, Jens Dalsgaard, Principle Product Owner, Power Grid, Volue, gives his thoughts on whether traditional utility models are still viable in a rooftop solar and EV world.  

In the first of series of articles, Jens Dalsgaard, Principle Product Owner, Power Grid, Volue, gives his thoughts on whether traditional utility models are still viable in a rooftop solar and EV world.  

From Watts to Weather  

We understand that the intraday power markets are highly volatile, characterised by ever-increasing turnover. With each passing year, they steadily become faster and more complex.&nbsp;
Since 2014, we have supported our customers to fully and reliably automate their continuous spot trading in this highly dynamic environment. This activity has seen users across Europe enhance their earning potential through innovative and productive fields of action in short-term power trading.&nbsp;&nbsp;
Following significant research and planning, we will now introduce our Volue Algo Trader Power (VATP) solution to the Iberian market, supporting the growth of the sector as we do so. We have seen <a href="https://www.omie.es/es/market-results/interannual/continuous-intradaily-market/monthly-traded-energy-trading-area?scope=interannual">significant increases </a>in the GWh traded in the continuous intraday market in OMIE, and the introduction of VATP will support that growth.&nbsp;
With VATP, customers can individually parameterise the algorithms and start trading immediately, delivering an extremely reliable platform to automate the intraday trading.&nbsp;

Senior Vice President Trading Solutions at Volue

<h2>Meeting the Iberian Peninsula&rsquo;s green ambitions&nbsp;&nbsp;</h2>
This decision was made following significant research and planning, with a full understanding of Portugal and Spain&rsquo;s green ambitions.&nbsp;&nbsp;
2023 has seen Portugal and Spain reaffirm their commitment to delivering a sustainable and economically viable green transition. The <a href="https://commission.europa.eu/energy-climate-change-environment/implementation-eu-countries/energy-and-climate-governance-and-reporting/national-energy-and-climate-plans_en#national-energy-and-climate-plans-2021-2030">European Union&rsquo;s</a> national energy and climate plans (NECPs) outline how each EU country intends to address various dimensions of the energy union, including decarbonisation and addressing internal energy markets.&nbsp;&nbsp;
With that context in mind, Portugal has aims to more than double its 2030 goals for solar energy capacity, stating in its NECP: &lsquo;&hellip;<a href="https://commission.europa.eu/energy-climate-change-environment/implementation-eu-countries/energy-and-climate-governance-and-reporting/national-energy-and-climate-plans_en#national-energy-and-climate-plans-2021-2030">the challenge of decarbonisation and the energy transition is an opportunity to leverage the national economy in a sustainable development spirit and based on a just and cohesive transition</a>.&rsquo;&nbsp;
Spain has also outlined plans to reduce its greenhouse gas emissions. The country has an ambitious strategy to deliver a renewable energy framework that can provide a large percentage of its power generation. The Spanish Government&rsquo;s <a href="https://commission.europa.eu/system/files/2023-07/EN_SPAIN%20DRAFT%20UPDATED%20NECP.pdf">Strategic Framework for Energy and Climate</a>, contains several strategic and legislative elements aimed at identifying the main lines of action on the path towards climate neutrality.&nbsp;&nbsp;
With these clear ambitions paired with significant activity to date, both countries are developing into renewable energy leaders in Europe.&nbsp;&nbsp;
<h2>Smart Power continues to deliver success&nbsp;&nbsp;</h2>
This year saw the announcement that Spanish energy giant <a href="https://www.volue.com/news/iberdrola-digitalises-power-production-planning-with-volue">Iberdrola</a> had signed a framework agreement with us for the short-term production planning and optimisation of its power plant portfolio with <a href="https://www.volue.com/news/volue-launches-smart-power-automate-power-production-planning-and-trading">Volue Smart Power</a>.&nbsp;&nbsp;
Energy management is at the core of Iberdrola&rsquo;s business and Volue supports all energy management business processes, including the short-term production planning, the creation of bidding strategies, trading and monetising available flexibility and scheduling for all the different energy markets where Iberdrola is active.&nbsp;&nbsp;
Our activities with Iberdrola illustrate that Volue is very much at the heart of Iberia&rsquo;s energy sector. Our Iberian HQ sits at the heart of Spain&rsquo;s capital, Madrid, with a local Spanish workforce operating on the ground. Not only that, but several Iberian companies already use our Insight data, across power and gas market fundamentals and price forecasts.&nbsp;
<h2>Volue will continue to support Iberian activity&nbsp;&nbsp;</h2>
Volue is already widely recognised and regarded within markets accessible through the Pan-European exchanges of Nord Pool and EPEX. Our sizeable Iberian operations also continue to support us in meeting our strategic focus and vision: to be the number one software and software-backed service provider to the European energy system by 2030.&nbsp;&nbsp;
The introduction of our algo trading software in the continuous intraday market of OMIE not only consolidates our position in Iberia, but it also provides a further platform for the region to meet its green ambitions.&nbsp;&nbsp;

We understand that the intraday power markets are highly volatile, characterised by ever-increasing turnover. With each passing year, they steadily become faster and more complex. 

Since 2014, we have supported our customers to fully and reliably automate their continuous spot trading in this highly dynamic environment. This activity has seen users across Europe enhance their earning potential through innovative and productive fields of action in short-term power trading.  

Volue consolidates its Iberian presence by launching algo trading software in the continuous intraday market of OMIE. 

Volue consolidates its Iberian presence

Volue Consolidates its Iberian Presence

En smartere tiln&aelig;rming for den digitale vannalderen
Gemini Water Alert gir brukerne oversikt over m&aring;lesoner og et bredt spekter av sensorer i et intuitivt og brukervennlig grensesnitt med tett kobling til kart og infrastruktur. Med nye funksjoner p&aring; plass, f&aring;r brukere muligheter til smartere ressursbruk og gode datadrevne prioriteringer. Etablerte integrasjoner med flere ledende leverand&oslash;rer p&aring; markedet, muliggj&oslash;r at data som allerede samles inn kan benyttes s&oslash;ml&oslash;st i l&oslash;sningen. Maskinl&aelig;ring brukes til &aring; trene modeller basert p&aring; vannf&oslash;ringsdata, og gir dynamiske og automatiske prediksjoner for vannforbruk. L&oslash;sningen er intelligent og tilpasser prediksjoner automatisk basert p&aring; forandringer i vannforbruket. Ved unormalt vannforbruk kan alarmer bli sendt ut automatisk. L&oslash;sningen kan ogs&aring; identifisere ulike typer av lekkasjer og oppdage trender i forskjellige soner, og gir dermed en enda mer avansert innsikt i vannforsyningen. 
Fremtidens l&oslash;sning
Nye funksjoner &aring;pner opp for en spennende fremtid. Teamet bak l&oslash;sningen samarbeider tett med flere kommuner og forskere. M&aring;let er &aring; implementere smarte dynamiske alarmgrenser og flere funksjoner som enklere vil hjelpe kommunene &aring; redusere fremmedvann i avl&oslash;psnettet gjennom &aring; identifisere problemomr&aring;der og underliggende &aring;rsaker.

Sanntidsdata fra SCADA-systemer og IoT, i kombinasjon med maskinlæring, kan hjelpe kommuner å takle utfordringer knyttet til både vanntap og fremmedvann.

Gemini Water Alert

The journey began with a vision to merge and mobility, leading to the development of the&nbsp;<a href="https://www.mobee.no/" target="_blank" rel="noreferrer noopener">Mobee app</a>, a brainchild of a collaboration between Trondheim municipality, the technology company&nbsp;<a href="https://www.fourc.eu/" target="_blank" rel="noreferrer noopener">FourC</a>, and Spark by Volue.
<h2>Unveiling the Vision: A Confluence of Energy and Mobility</h2>
Klaus Livik, an innovation advisor at Trondheim municipality, explains how the project was born out of the City Exchange program, a collaborative effort towards a more sustainable city.

Tor Rune Skoglund, the CEO of FourC that developed the application, wanted to empower citizens to make informed decisions about their transportation choices while reducing their carbon footprint.
The journey wasn't without its challenges. The project required a holistic approach, engaging various stakeholders who were initially hesitant to share data due to concerns about business interests. Klaus noted the pivotal role played by Trondheim municipality as a neutral partner, advocating for the greater good and fostering collaboration among stakeholders. Overcoming these obstacles was essential to creating a unified platform that could serve the community's diverse needs.
Aligning stakeholders and defining the project's citizen-centric approach was vital to set the tone for success.

<h2>Power Forecast as Bill Reducing Tool</h2>
As the project progressed, the Mobee app emerged as a versatile tool that not only helps people navigate the city but also navigate high power prices.
The app's integration with Spark&rsquo;s energy forecasting APIs allows users to optimise their power consumption habits. Charging their EVs, or starting the washing cycle based on the forecast reduces their bills and contributes to a more stable and sustainable grid while speeding up the green shift.

<h2>The Road Ahead: Scaling and Enhancing the Mobee Experience</h2>
As the Mobee app takes its first steps toward broader adoption, the focus remains on expanding its offerings and enhancing the user experience. Tor Rune envisions a future where Mobee integrates even more services, leveraging the evolving landscape of mobility and electrification.

As the project continues to mature and scale, it serves as an example of how innovation can be harnessed to create meaningful change in communities. The path to a more sustainable future is paved with initiatives where technology, collaboration, and a citizen-centric approach converge to make a lasting impact.

An exciting initiative has been taking shape in the city of Trondheim, Norway, changing how citizens interact with their environment and make conscious choices about their mobility habits.

Empowering Citizens Through Price Forecasting: The Mobee App Story

Volue is leading the energy markets&rsquo; transition to robust and sustainable services critical for society. Because of our work across the energy sector and critical infrastructure, we consider cybersecurity a high priority. Stringent and well-planned cybersecurity measures are critical to prevent cyberattacks that could disrupt essential services, impact our customers, compromise safety, and have far-reaching economic and societal consequences.
<h2>Threats are constantly evolving</h2>
&ldquo;To provide a context to the challenges all sectors are facing, it&rsquo;s important to emphasise that cyberattacks are on the rise, with a relentless surge in frequency and sophistication. This trend can be attributed to several factors. Firstly, the ever-expanding digital landscape offers a broader framework for cybercriminals to exploit, including an increase in collaboration apps like Microsoft Teams, IoT devices, and cloud infrastructure,&rdquo; says Brynjar Larssen-Aas.
&ldquo;Secondly, the proliferation of hacking tools and malware is making it easier for both novice and experienced hackers to launch attacks. An example we&rsquo;ve seen recently is with multi-factor authentication. Multi-factor authentication, or MFA, significantly bolsters security, but recently we&rsquo;ve seen that it's not impervious to phishing attacks. While MFA makes it harder for attackers by requiring a second authentication factor, some advanced tactics can bypass it. This is one of several threats that we are closely monitoring and that we have taken concrete measures to protect against,&rdquo; notes Brynjar.
<h2>Enhanced cybersecurity measures</h2>
The interconnectedness of our modern world and our reliance on technology underscores the critical need for enhanced cybersecurity measures to combat ongoing and ever-changing threats. Brynjar explains what this means for Volue. &ldquo;In the most basic terms, it&rsquo;s about working with a key set of processes and procedures. We have frameworks in place that are shared widely with our employees. In my own role and as a business, we place a strong emphasis on cybersecurity readiness, recognising that it demands investments in both technology and training,&rdquo; notes Brynjar. He adds: &ldquo;In many situations, the simple act of being aware can have tremendous value . Cybersecurity awareness is an essential component of a robust cybersecurity strategy. It empowers individuals within a company to become the first line of defense against cyber threats, reducing vulnerabilities, minimising risks, and safeguarding sensitive information." &ldquo;We are committed to reinforcing security measures not only for our internal operations but also for the services and products we provide on behalf of our valued customers. Safeguarding digital assets remains a top priority for Volue, underscoring our dedication to maintaining trust and protection in the digital age."
<h2>Looking to the future</h2>
Following a ransomware attack in 2021, Volue has built back to a better, stronger, and more secure place. We've bolstered our infrastructure by migrating it onto the unified Volue IT platform, reinforcing the security of our services and data.
With our 24/7/365 Security Operations Center monitoring service in place, we also maintain an increased, vigilant oversight. Additionally, we actively contribute our cybersecurity expertise at various security forums and place a high priority on all security aspects, including bug fixes, source code and third-party asset management, and robust vulnerability control.
When asked about his best advice to companies who are looking to upgrade their security posture, Brynjar Larssen-Aas says that there is no silver bullet when it comes to information security:
&ldquo;There are hundreds of different actions to take that would improve a company&rsquo;s security, and instead of highlighting one or two of these, I would advise to follow a security framework, as it will help any organisation to discover new, and map all their existing security actions in a logical structure.
As an example, Volue is certified on ISO 27001, but we also use the NIST Cyber Security framework (CSF) because of its logical setup throughout the five pillars&nbsp;Identify, Protect, Detect, Respond and Recover."
&ldquo;It&rsquo;s fair to say that 9 out of 10 cyberattacks involve some sort of human factor. Of course, it&rsquo;s extremely important that as a supplier of critical infrastructure, we must continue to be as secure as possible. In my opinion, that starts with balancing secure technology and awareness, working together as a team, being vigilant and undertaking ongoing training. We will continue to protect ourselves and our customers as we do so,&rdquo; concludes Brynjar Larssen-Aas.

October is International Cybersecurity Awareness Month, a dedicated month for the public and private sectors to work together to raise awareness of the importance of cybersecurity. We spoke with Brynjar Larssen-Aas, Volue’s Chief Information Security Officer, to discuss an overview of the current cybersecurity landscape, the most common threats, and how Volue continues to respond to these.

International Cybersecurity Awareness Month: A Conversation with Volue's CISO

Founded in 2010,&nbsp;<a href="https://evbox.com/en/" target="_blank" rel="noreferrer noopener">EVBox</a>&nbsp;is a leader in offering electric vehicle charging solutions. It has delivered over 500,000 charging ports to its partners and customers globally. The solutions EVBox offers include charging stations for residential, commercial, and fast-charging network usage, as well as charging management software.
Spark by Volue is an ecosystem of partnerships and services that seamlessly integrate connected resources &ndash; such as rooftop solar, batteries and electric vehicles &ndash; within a sustainable and scalable neighbourhood energy system.
The ecosystem was introduced to enable automakers, EV fleets, and charging operators to provide their customers with even greater value, helping them to remain competitive and profitable.  The Spark partner ecosystem, now spanning Europe and the Nordics, is dedicated to maximising the potential of smart charging services.
On the announcement,&nbsp;Kjetil Storset, Spark Lead at&nbsp;Volue&nbsp;said: "Through the power of partnership, we're driving innovation in the world of electric vehicle charging. By harnessing the insights of volatile energy prices and grid constraints, courtesy of Spark, we empower partners to choose the optimal moments to charge EVs, not only saving on their energy costs but also nurturing a greener, more sustainable energy landscape.
&ldquo;We are delighted to see this partnership grow with today&rsquo;s announcement. EVBox strives to empower society to embrace electric mobility and their vision, paired with those in our Spark ecosystem, will support the seamless integration of connected resources within a sustainable and scalable neighbourhood energy system.&rdquo;
Geir Bj&oslash;rnstad Regional Director Nordics at EVBox, added: &ldquo;We are very happy to be collaborating with Volue with whom we share the mission to provide solutions for a sustainable future. We believe that we&rsquo;ve entered the electric era where electric driving is becoming the new norm. Integrated and connected solutions are needed to make this transition for current and future electric car drivers as seamless as possible.&rdquo;

Volue (OSE: 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.

To build a sustainable future, EVBox empowers businesses and drivers to embrace electric mobility. EVBox&rsquo;s charging solutions lay the foundations for a world where electric mobility is the new normal by giving EV drivers the ability to charge with confidence, allowing businesses to easily enter the market and scale their offering as demand grows, and evolving with the rapid pace of innovation. Founded in 2010, EVBox is now a market leader in electric vehicle charging infrastructure (EVSE) who has delivered over 500,000 charging ports to partners and customers globally. The solutions EVBox is offering include charging stations for residential, commercial, and fast-charging network usage, as well as charging management software. More information can be found on <a href="http://evbox.com/" target="_blank" rel="noreferrer noopener">EVBox.com</a>.

About EVBox

<h2>Further information</h2>
For further enquiries, please contact Blair Grant, Senior Communications Manager, Volue.
Email:&nbsp;<a href="mailto:blair.cameron.grant@volue.com" target="_blank" rel="noreferrer noopener">blair.cameron.grant@volue.com</a>

Volue, a market leader in technologies and services that enable its customers to succeed in the energy transition, has announced that EVBox has joined its Spark partner ecosystem.

Volue Expands its Spark Ecosystem With the Inclusion of EVBox

Volue Smart Power is our next generation software solution that automates and optimises production, planning, bidding and trading. Following years of hard work, paired with an understanding of the requirements of power producers, it was launched to the market in 2023. Developed and introduced to address the ever-increasing complexity of the power markets, it enables our customers to fully leverage the value of their energy assets.
By automating the entire end-to-end process of optimisation, production planning, and trading, Smart Power has empowered users to navigate volatile power markets with confidence. To support that further, the platform&rsquo;s ability to enhance existing assets is also supporting resource efficiency, highlighting our strong focus on sustainable practices.
Some highlights of&nbsp;the Volue Smart Power software solution include:
<ul>
 <li>Comprehensive multi-asset support, including hydro, thermal, batteries and renewables</li>
 <li>Economic and physical dispatch of complex power assets</li>
 <li>Scalable data management, especially valuable when dealing with renewable energy portfolios</li>
 <li>Workflow enabling full automation of the short-term asset-backed trading process</li>
 <li>Openness through APIs to connect with external software</li>
</ul>
What&rsquo;s more, did you know that eight of the ten largest utilities in Europe already rely on Volue&rsquo;s software, and more than 350 TWh of annual power generation is planned and optimised using Volue solutions?&nbsp;Camilla Thorrud Larsen, Senior Vice President, Energy Solutions, Volue, adds more.
Camilla, said: &ldquo;Volue Smart Power was introduced to meet the ongoing challenges of power generation planning and trading. Its use optimises asset portfolios and connects them with the power markets, resulting in maximised value and increased efficiency. I am delighted to welcome our customers to Oslo in September who I know first-hand are already seeing the benefits of this innovative solution.
&ldquo;By automating and optimising the production planning and trading processes, we have enabled users to capture the full value of their assets in the power markets. We look forward to meeting Smart Power users at Volue Energy Days, to discuss the key issues facing our industry, provide market outlooks and deliver our roadmap for our products and platforms moving forward.&rdquo;
Stefan Z&auml;hringer, VP Sales Europe &amp; General Manager Germany and Switzerland at Volue, said: &ldquo;While this is a perfect opportunity to showcase our solutions and share ideas and strategies amongst the industry, ultimately this is about welcoming and showing appreciation for our Smart Power customers. By working together and continuing our close collaboration, we can ensure increased value creation, efficiencies and profitability, both now and in the future.&rdquo;

We’re looking forward to this year’s Volue Energy Days, set to be held in Oslo from the 25th to 26th September. Developed with our Smart Power users in mind, the two-day event is sure to provide the perfect platform to meet our Nordic and Continental European customer group. Together, we’ll discuss sector challenges, outline strategies, and showcase existing solutions and technologies.

Smart Power Customers Set to Gather for Volue Energy Days 2023

As the operator of CHEMPARK&rsquo;s three sites in North Rhine-Westphalia, CURRENTA has primary responsibility for providing the production companies there with an adequate and affordable supply of process steam and electricity. CURRENTA uses a wide portfolio of generation technologies including conventional cogeneration, modern CCGT and Power-to-Heat plants. It also makes use of the sites&rsquo; waste heat. CURRENTA uses Volue&rsquo;s intelligent BoFiT software to ensure that the flexibility of the entire generation portfolio &ndash; especially the cogeneration plants &ndash; is optimally deployed. BoFiT allows the power plants to respond to variable production demand and in particular to fluctuating energy market prices efficiently and on a daily basis.
<h2>BoFiT optimisation harnesses cogeneration plant flexibility</h2>
The power plants operated by CURRENTA work with a mix of electricity, steam, heat and other media such as cold and compressed air. While this makes for complex plant operating parameters, it also creates opportunities for flexible management. The parameters for managing deployment of the flexibility available throughout the entire CHEMPARK are calculated using mathematical optimisation models developed by CURRENTA in the BoFiT system. In addition to the cogeneration plants, the daily optimiations also cover Power-to-Heat plants and the waste heat from the sites&rsquo; production companies. 
<h2>Simulating gas shortages</h2>
These models have proven especially valuable in recent times, when the threat of gas shortages has loomed large. Since summer 2022, weekly gas shortage simulations have modeled how the CHEMPARK could efficiently implement potential gas curtailment measures. The CHEMPARK companies have been providing their steam demand forecasts via a digital platform so that the models can calculate the necessary energy input for the power plants. This close cooperation has helped the companies to make appropriate provisions for gas shortage scenarios.
<h2>Intraday trading and optimised marketing</h2>
Another focus is on engaging in short-term, intraday trading that can take place up to five minutes before delivery. CURRENTA is already trading on the intraday market at the Dormagen site. Self-configured trading algorithms automatically provide the results of the continuous intraday power plant dispatch planning to the EPEX SPOT intraday market via a direct interface.
<h2>The long-term perspective:impacts of investments to reduce CO2 emissions</h2>
The optimisation models&rsquo; uses are by no means confined to short-term issues. They can also be employed to estimate the impacts of future investments, for example investments in additional Power-to-Heat plants to reduce the CO2&nbsp;emissions associated with steam production. This will be key to meeting the CHEMPARK&rsquo;s overall emission reduction targets over the coming years.
<h2>Supplying energy sustainably and efficiently</h2>
&ldquo;Mathematical optimisation models provide CURRENTA with another valuable tool for supplying energy sustainably and efficiently to the CHEMPARK&rdquo;, says CURRENTA Business Line Head Energy Solutions, Dr. Ulrich Lohmann. &ldquo;Our close cooperation with the CHEMPARK companies and our ongoing use of innovative technologies allow us to respond effectively to the challenges of a constantly shifting energy landscape.&rdquo;

Sustainable Solutions For Energy Landscape Challenges

Bofit Optimisation And Mathematical Modeling Enable Efficient Energy Supply In The Chempark

Optimised dispatch of power plants, energy storage systems and similar assets is standard practice in the energy industry. It enables better use of the energy, better sale and purchase prices on the power exchanges, and the marketing of flexibility on the balancing energy market. But specific expertise is required for these optimisation solutions. So what can companies do if they want to optimise the operation and marketing of their energy assets but do not have enough resources with expert know-how? This was the question facing Swiss waste management companies Satom SA (Monthey) and Renergia Zentralschweiz AG (Perlen). Both companies wanted to optimise the deployment of their assets and leverage the potential to market their flexibility in order to boost their revenue and participate in the balancing energy market.

<h2>Optimising energy asset marketing without expert know-how</h2>
Rytec AG (M&uuml;nsingen, Switzerland) helped the two companies find the solution they were looking for. Rytec specialises in strategic asset planning and design and in consultancy services for the energy and waste management industry. It offered to work with the two waste management companies to develop an optimisation solution tailored to their specific needs. &ldquo;This idea eventually led to today&rsquo;s Energy Cockpit, which is based on Volue BoFiT and the Volue Thedora Dashboard&rdquo;, says Rytec&rsquo;s J&ouml;rg Boltshauser.

<h2>An optimisation solution covering different sectors</h2>
The first step was for the project participants to define their requirements. As Boltshauser explains, it wasn&rsquo;t just a case of optimising a waste management plant vis-&agrave;-vis the market:
&ldquo;While the companies obviously wanted to optimise the utilisation of the electricity and heat generated, they also wanted to incorporate power-to-heat and thermal storage systems, as well as power-to-gas or power-to-hydrogen systems, cogeneration plants and peak load boilers in the future. CO2&nbsp;emissions were also an important consideration right from the outset.&rdquo;
In other words, the aim was to develop an optimisation solution that covered different sectors and asset types and took several different factors into account:
<ul>
 <li>Supply obligations to municipalities and industrial enterprises</li>
 <li>Changes in district heating network demand depending on the weather, season and time of day</li>
 <li>Leveraging of flexible asset components</li>
 <li>Variability in waste input availability</li>
 <li>Prices on the power exchange and balancing energy market</li>
 <li>Technical constraints of the different assets</li>
 <li>Power plant availability (maintenance downtime, etc.)</li>
 <li>Readiness of storage, boiler and P2X systems</li>
</ul>

<h2>High performance requirements</h2>
To meet these requirements, the Energy Cockpit must process large volumes of data, employ multiple models and generate numerous forecasts, e.g. for heat demand, process steam demand and market price trends. &ldquo;The Energy Cockpit had to process extensive time series, generate or incorporate forecasts and be able to recommend optimizations based on complex asset models and interconnections.&rdquo; 

<h2>Volue&rsquo;s experience and mature solution prove decisive</h2>
Once the requirements had been established, Rytec conducted a market research process and contacted 16 optimisation solution providers. The prequalification process identified three particularly strong candidates, including Volue.
According to J&ouml;rg Boltshauser, it is easy to see why Volue was eventually chosen as the provider: &ldquo;The company had extensive references and decades of optimisation experience. Volue stood out as the only provider able to offer a simple and intuitive user interface. And a visit to a reference customer who uses Volue&rsquo;s BoFiT convinced us that this solution would meet our needs.&rdquo;

<h2>Dispatch based on modeling, actual data and forecasts</h2>
BoFiT generates asset dispatch recommendations using a model that incorporates variables such as supply obligations, marketing opportunities and technical constraints. Since the optimisation is updated at regular short intervals, the asset fleet can be marketed on the spot market as well as over the medium to long term. BoFiT includes an extensive library for asset and constraint modeling. The modeling interface allows the individual components to be easily modified and the relevant interconnections to be generated, creating an accurate model of each individual system. Subsequent modifications of the model are of course also possible, as is the addition of new asset components. These changes can also be used to simulate what-if scenarios in long-term models. &ldquo;This can be useful for assessing the profitability of investments, for example&rdquo;, says Boltshauser.

<h2>&ldquo;Thedora&rdquo;: The user-friendly human-machine interface</h2>
Since BoFiT is designed for energy experts and traders, it was not suitable for implementing the Energy Cockpit on its own. &ldquo;We don&rsquo;t have specialists like this in our waste management businesses. The plant manager or shift supervisor must be able to use the system with a minimum of training&rdquo;, explains Rytec&rsquo;s Boltshauser. &ldquo;So we needed a simple human-machine interface.&rdquo;
The user interface solution is called Thedora Dashboard. This new, multifunctional Volue tool was specially developed for the Swiss project. The Thedora Dashboard:
<ul>
 <li>Provides a simple and intuitive production planning interface</li>
 <li>Presents dispatch decision-making criteria such as returns, potential risks, etc.</li>
 <li>Allows authorizations for dispatch and power schedule reports to be displayed for the appropriate level</li>
 <li>Provides an overview of concluded contracts</li>
 <li>Displays a comparison of production data against schedules</li>
 <li>Provides a planning overview that covers different scenarios</li>
 <li>Provides interfaces with other systems</li>
 <li>Acts as an input mask for reporting asset maintenance times and outages</li>
</ul>
The Thedora Dashboard features user-friendly widgets. &ldquo;The dashboard reduces BoFiT&rsquo;s complexity so that it can also be used by non-experts&rdquo;, says Boltshauser. Users can configure the widgets to create their own personalised operating interface. Because the Cockpit also communicates with the control system, it can display current asset operating data and, conversely, provide the schedules required by the control system.

<h2>The Energy Cockpit: A multi-client SaaS solution</h2>
Thanks to the Thedora Dashboard, the BoFiT optimisation software effectively runs in the background. The cloud-based system is multi-client enabled. In cooperation with Volue, Rytec offers BoFiT and Thedora as a SaaS (Software as a Service) solution so that the user doesn&rsquo;t have to worry about operation or maintenance and updates. &ldquo;Because it&rsquo;s a multi-client solution, the system can be shared by several users, which helps to keep costs down.&rdquo; And it is no longer just the companies that initiated the Energy Cockpit, Satom and Renergia, who are benefiting from these economies of scale &ndash; they have now been joined by Future Hub Region Thun AG, GEKAL (KVA Buchs AG) and other waste incineration, cogeneration and district heating plant operators in the region.
The Energy Cockpit provides users with robust demand and revenue forecasts that help them to produce next-day dispatch plans and take advantage of favorable opportunities on the spot and balancing energy markets during operating hours. The Energy Cockpit also helps to optimise profitability outside of the day shift, since resource planning for the evening and night is also based on the forecasts.

Pooling enables better use of potential in the waste management sector and industry 
Pooling reduces the cost of acquiring the Energy Cockpit, while the operating, IT security and further development costs can be divided by the number clients. &ldquo;The optimised dispatch, leveraging of flexibility and spot market marketing opportunities all boost the bottom line&rdquo;, says Boltshauser. &ldquo;So other waste incineration plant operators could also benefit from this optimisation solution.&rdquo;
However, according to the energy expert, it is not only waste management companies or district heating network operators who can use the system. &ldquo;The Energy Cockpit based on BoFiT and Thedora also offers benefits for industry. If industrial power plants have free flexibility, this can be marketed without limiting their own usage. By the same token, the Energy Cockpit helps users decide whether it is worth using cogeneration plants to meet pure electricity demand or whether it would be cheaper to buy the electricity in. And the modeling enables long-term forecasts that allow the profitability of investments in energy and infrastructure assets to be assessed more accurately.&rdquo;

<a href="https://satomsa.ch/">https://satomsa.ch</a>&nbsp;
<a href="https://www.renergia.ch/">https://www.renergia.ch</a>&nbsp;
<a href="https://rytec.ch/">https://rytec.ch</a>

More about Satomsa, Renergia and Rytec

Renate Hermanns

Head of Marketing Europe

Oliver Ashrafi

Key Account Manager

Do you want to know more?

Learn more about Volue BoFiT

Volue solution boosts the bottom line of waste management companies and industry.

Market Energy More Profitably – With the Energy Cockpit

Each year, we welcome some of the brightest young minds to our business as part of Volue&rsquo;s internship programme. Every summer, those taking part get the opportunity to transform their academic knowledge into tangible business experience. &nbsp;
As we go through this journey together, our interns have the chance to learn from Volue&rsquo;s experts, contribute to real-time projects, and make meaningful networks along the way.
Petter Lauvrak, who worked with the team at Volue Insight, said:
&ldquo;When working as a summer intern at Volue, I felt like I was really contributing to the company and that my work was appreciated and used. The best thing about the internship has been the good vibe we have had at the office and on social gatherings, both among the students and also the full-time employees.&rdquo;
Oskar V&aring;le, who also worked with the Volue Insight team, had this to say:
&ldquo;Being an intern at Volue has been a great experience. I learned a lot, got to work on very fun projects, and even got some inspiration for my master&rsquo;s thesis. The best thing about the internship though, was the people. I had some great colleagues that taught me a lot and made me feel part of the team.&rdquo;
Haakon Lauvrak, spoke about one of his favourite pieces of work:
&ldquo;One of my most significant projects was a net scraping job. In this project, we gathered data on power plants, then matched the data we discovered with the existing data in our database.&rdquo;
He added: &ldquo;Being an intern at Volue was a highly enriching experience. From day one, I felt integrated into the team and appreciated the welcoming atmosphere and wonderful colleagues. The best aspect of my internship was undoubtedly the hands-on experience of working on real tasks. I found the projects not only to be challenging but also incredibly interesting and enjoyable. The chance to see my work be of actual value to the company and its operations was truly rewarding.&rdquo;
Iver Gr&oslash;nlien, who also worked with our Insight team in Arendal, had this to say of his experience:
&ldquo;Working as an intern at Volue was great, since I got to take part and contribute to their products, and investigate new solutions they could use. This made me feel like a part of the team, and not like dead weight.&rdquo;
Hoese Michel Tornyeviadzi is a final year PhD Research Fellow in Hydro-Informatics from NTNU &Aring;lesund. He was working with the Infrastructure team in Trondheim and had this to say of his 6 weeks at Volue:
&ldquo;It was a great opportunity to intern with Volue. The Infrastructure and AI teams are exceptional, enriched with expert domain knowledge, and rich experience to learn from.&rdquo;
So, while that&rsquo;s it for this year&rsquo;s summer intern activity, we hope you&rsquo;ve enjoyed reading about the first-hand experiences of just some of the talented individuals who took part.
<h2>Do you want to join Volue as a summer intern?</h2>
Have the experiences of this year&rsquo;s group of interns interested you? Do you want to join one of Europe&rsquo;s most exciting green tech companies and develop technology for a sustainable tomorrow? If so, watch out for updates later this year on how you can apply to be an intern in 2024.
We look forward to hearing from you.

We’ve caught up with some of those who took part in this year’s intern programme – we’re delighted to share that they have all had a positive experience.

Volue’s Summer Intern Programme Continues to Deliver Success

The transformation towards recurring revenues and Software as a Service (SaaS) continues. SaaS revenues were NOK 98 million in the quarter, an increase of 43 percent compared to the second quarter of 2022. Recurring revenue constituted 63 percent of total revenues and reached NOK 236 million in the quarter, an increase of 25 percent from the second quarter of 2022. This makes the recurring revenue growth in the quarter Volue&rsquo;s highest since listing.
Volue achieves sustained growth through key customer acquisitions, highlighted by strategic wins in the quarter. Notably, the company expands its presence in Japan reaching nineteen paying customers, secures additional contracts for its Insight business line, and clinches a significant Trading Solution deal in Europe. Volue is also pleased to see Smart Power being adopted by new customers as well as extended usage from existing customers.
&ldquo;We are pleased to once again hold true to our promise of strong growth as we are reaping the benefits of the investments we&rsquo;ve made in our platform since listing. The demand backdrop is also highly supportive. Intermittent renewables are being brought online at a breath-taking speed. This means more volatility, more transactions and new market entrants, continuously increasing the demand for Volue&rsquo;s energy software offering.&rdquo; says Trond Straume, CEO of Volue.
In May, Volue announced the acquisition of Enerim Oy&rsquo;s Energy Market Services division, a market leader in portfolio management of intermittent renewables with 24/7 operation.
&ldquo;This acquisition ties perfectly with Volue Market Services and Volue Trading Advisory to form Volue Energy Market Services, providing Portfolio Management as a Service to a growing market, including small to medium wind, solar and battery players. Combined, we will be the Nordic market leader, positioned to be a leader in Europe by 2030,&rdquo; Straume says.
&ldquo;Our ambition is to become the number one software and software-backed service provider to the European energy system by 2030. In order to reach this goal, Volue will be focused, both organically and structurally. In the first half of 2023 we initiated a strategic review of our ownership in Industrial IoT, and we have divested our fire and chimney product line at very attractive multiples. These structural actions illustrate our dedication to the 2030 goal, and contributes to providing us with bandwidth which will be used at the correct organic growth initiatives&rdquo;, Straume continues.
&ldquo;Following the Enerim transaction, Volue Energy Market Services grows to a size where a new view on our offerings to the European energy system is warranted: Energy Software, Energy Market Services and Power Grid Software. The common foundation for these three dimensions is the Volue SaaS platform and our Insight offering, which delivers analysis and forecasting services for all participants in the energy system. On this foundation, we are building scalable SaaS offerings directed at power producers of all sizes and grid operators across Europe. Our growth since listing, which is ahead of market expectations at the IPO, brings proof to Volue&rsquo;s ability to execute on market opportunities. We will leverage this capability to excel on our ongoing journey, ensuring that we seize the opportunity to capture our rapidly expanding end-markets,&rdquo; Straume concludes.
The long-term ambition of NOK 2 billion in revenues, including M&amp;A, by 2025 is maintained. The long-term target of 15 percent annual organic revenue growth is also maintained. Volue sees year-by-year increases of adjusted EBITDA margin, cash conversion, share of ARR and SaaS revenues.
For H2 2023, Volue has the following priorities and ambitions
<ul>
 <li>Position Volue to deliver long-term growth of 15 percent</li>
 <li>Continue to grow scalable ARR business in line with long-term targets</li>
 <li>Focus on profitability initiatives to improve profitability and cash conversion</li>
 <li>Successfully integrate Enerim Market Services division into Volue and continue to explore structural growth opportunities</li>
</ul>
*EBITDA and other alternative performance measures (APMs) are defined and reconciled to the IFRS financial statements as part of the APM section of the second quarter 2023 presentation on page 36.
<h2>Webcast and presentation</h2>
For further details, please see the presentation. You can also watch the highlights in the recording below.

Volue ASA (OSE: VOLUE) reported operating revenues of NOK 375 million in the second quarter of 2023, an increase 26 percent from the second quarter of 2022. Consequently, Volue experienced its strongest growth since listing in the second quarter of 2023. Adjusted EBITDA* was NOK 63 million, with an adjusted EBITDA margin of 17 percent.

Financial Results For the Second Quarter of 2023

*Copyright: Volkswagen AG; free of charge for use in the press

Using an optimisation and trading solution from Volue Energy GmbH, VW subsidiary Elli is starting intraday energy trading with vehicle batteries. The Volue solution comprises the &ldquo;BoFiT&rdquo; optimisation module and the &ldquo;VAT-P&rdquo; trading module for automated transaction processing. Marketing battery capacity on the EPEX intraday power exchange facilitates high proceeds and will also benefit Elli&rsquo;s customers, because, due to economies of scale, Elli will achieve better trading profits for customers with marketable battery capacity. The energy trading solution has already proved itself on a small scale and went live on July 12, 2023. Elli is starting by marketing batteries in a trial set-up from Volkswagen Group After Sales in Baunatal, Hessen. This will hold a battery capacity of up to 335 MWh. Further power centers are planned.
 Volkswagen Group Charging GmbH, known by the brand name Elli, is not only responsible for the VW Group&rsquo;s energy and charging solutions, but also handles the battery business: In future, Elli would like to breathe new life into second-life and waste batteries taken out of circulation and use these for energy trading in stationary battery solutions called power centres.&nbsp;
PowerCo, Elli&rsquo;s sister company, is already working on a vertically integrated value chain for battery storage devices. On the one hand, Elli would like to offer marketing solutions to its own customers and those of PowerCo and, on the other, an alternative use for second-life batteries. It would also be conceivable to use batteries that don&rsquo;t meet the extremely high criteria for vehicle installation.
<h2>Demonstrator with old batteries from Volkswagen Group After Sales</h2>
Elli is testing the value chain for the future power centers with a trial storage set-up in Baunatal from Volkswagen Group After Sales, which was successfully connected to Elli&rsquo;s battery control system in June 2023. Elli is using the trial set-up, which has a capacity of up to 335 kWh, to start operational trading and to gain experience of technical energy storage for future, larger projects. 
<h2>Cheap charging, profitable discharging</h2>
Without an IT solution, it is practically impossible to find the best window for charging and discharging (i.e., buying and selling on the power exchange market). This is because it is hard to predict power surpluses with low prices and the demand peaks, which allow for high proceeds, because of the high proportion of wind and solar power generation with its severe fluctuations. As a result, Elli was looking for a solution that would help to identify the optimal times to buy and sell, and to automate trading on the power exchange market. The solution should also be compatible with charge management and battery monitoring, to enable seamless, systematic management of trading and battery management.
<h2>Optimisation and trading solution from one source</h2>
Elli struck gold with Volue Germany GmbH in its search for a suitable IT solution. Ingo M&uuml;ller, Senior Vice President Energy at Elli: &ldquo;Volue offers a complete portfolio of solutions for trading with battery storage devices. The team&rsquo;s phenomenal trading expertise quickly convinced us that to choose Volue was to choose the market leader.&rdquo; Elli is using the IT solutions &ldquo;Volue BoFiT&rdquo; and &ldquo;Volue Algo Trader Power&rdquo; (VAT-P).
<h2>Volue BoFiT generates optimisation proposals for energy trading</h2>
The battery storage and the charging characteristics are both included in Volue BoFiT, as well as the market, i.e., the short-term exchange market EPEX SPOT. In combination with charge management and monitoring, BoFiT determines how much power can be bought or released and whether the conditions are favorable for buying or selling power on the exchange. This optimisation also draws on a variety of forecasts. This means Elli does not have to seize spontaneous opportunities, but rather can achieve higher profitability thanks to trading recommendations based on predictions.
<h2>Automated energy trading with Algo Trader</h2>
Volue Algo Trader Power takes the trading recommendations calculated by BoFiT and manages trading on the exchange. This ranges from generating bids to completing the transaction, which means there is nothing for Elli to do. Volue&rsquo;s solutions have already proved themselves on a small scale. They were tested on a group of batteries with a capacity of around ten ID.3s. &ldquo;With such a small trial set-up we were not expecting any notable profits, but the system is representative. We were able to try out all the features successfully and see how it would work with charge management,&rdquo; reports Serge Runge from Volue, who supervised the implementation. &ldquo;Because our solution is already being used for battery systems, the modeling was easy. So, we were quickly able to focus on how the tools work in combination with charge management.&rdquo;
<h2>Quick implementation of the optimisation and trading solution</h2>
The experience of marketing power stores was reflected in the rapid progress of the project. Luisa von Lonski, Head of Energy Flexibility Trading and the responsible project manager at Elli, is full of praise: &ldquo;From the first conversations to the professionally managed project and successful launch, Volue was phenomenal to work with.&rdquo;
<h2>One year to come up with the ideal trading strategy</h2>
In an initial market phase, Elli wants to build trading know-how and gain experience of the Volue solutions &ndash; so that it can then develop trading strategies that will meet the requirements that internal and external customers have of storage solutions. The BoFiT solution from Volue also helps with this, as it can run through a variety of scenarios, initiate simulations on the basis of assumed figures for future power centers and compare these to actual market events. This makes it easy for the Elli team to see what outcomes would be achievable with one trading strategy or another. So, it is easy to set up the envisaged scaling of asset-backed trading.

Elli starts intraday trading with batteries through EPEX using solutions from Volue

VW Subsidiary Embraces Automated Energy Trading with Volue Solutions

With over eighty years&rsquo; experience in the planning, construction and operation of energy facilities, Iqony also offers engineering services to help industry and municipalities decarbonize their processes. Optimal management of such a complex portfolio is key to remaining competitive in the market and meeting the market requirements in every area.

Our own IT system landscape for day-ahead and intraday trading
Processing speed and automation of the relevant day-ahead (DAH) and intraday (ID) business processes are key when marketing renewable portfolios. The acquisition of our own DAH and ID system landscape marks the first step towards ensuring that the company is as well equipped as possible for the renewable energy business. Today, automation across all processes, near real-time position management and electricity and gas &ldquo;algotraders&rdquo; are all indispensable elements of such a system landscape.
The ongoing rollout project is building the DAH and ID system landscape, while an overarching project is gradually decoupling our systems from the previous IT landscape of our parent company. Rather than replacing the existing systems at all costs, the aim is to integrate them with new components.
An initiative like this calls for project partners who, as well as being experts in their own systems, also have energy industry experience, maintain a constant overview of the overall DAH and ID processes and possess extensive trading, optimization and IT know-how in both the electricity and gas sectors.
The joint project comprises several phases that mark the individual milestones. Iqony professionals are using agile structures to work closely with the provider&rsquo;s experts.


<h2>Software solutions working hand in hand</h2>
Following an extensive market analysis, the decision was taken to opt for Volue Germany GmbH&rsquo;s Software-as-a-Service solution. The main products in this solution are DeltaXE (position and scheduling management for electricity and gas), the Volue redispatch service, BoFiT Data Hub for REMIT messages, Volue AlgoTrader (Power) incl. Navigator and Volue AlgoTrader (Gas).
According to Iqony&rsquo;s technical and specialist project leaders, Lukas Gathmann and Mathias Liszka, &ldquo;The fact that Volue&rsquo;s solutions integrate closely with our ETRM (Energy Trading and Risk Management) system and in-house systems was a key factor in our decision to go with them. It means we have fewer interface problems and the automated processes combine seamlessly&rdquo;.
Iqony&rsquo;s in-house systems complete the process in sub-steps across the entire value chain. The project is an outstanding example of how to successfully tackle the challenges associated with the energy transition.

Established as a new subsidiary of the STEAG Group at the beginning of the year, Essen-based Iqony GmbH is driving the energy transition. The new company focuses on renewable energy and on bridging technologies that will also be able to be deployed climate-neutrally in the future. In addition to solar, wind and geothermal energy, its portfolio includes hydrogen, energy storage and energy software solutions.

Iqony Chooses Volue Solutions - Tackling Market Challenges Together

The new product line sees Volue&rsquo;s existing Market Services join forces with Enerim Wholesale Markets, a leading energy market services business based in Helsinki, Finland.
The new entity will be a market leader for software-backed services in the renewables sector, providing power producers, industrial companies, traders, aggregators and battery operators with services including asset operations, power production planning and optimisation, and trading and settlement.
The Volue Energy Services product line consists of more than 100 employees serving 280 customers in Norway, Sweden, Denmark, Finland and Germany, with growing customer bases in each country.
Following the deal closing, Tomi Pesonen has been appointed as Senior Vice President and head of Volue Energy Services. He joins after holding the director position with Enerim&rsquo;s Wholesale Markets.
On his appointment, he said: &ldquo;I am proud to take on this role at what is an incredibly exciting time for the business. Today is good news for our customers, our employees and the wider industry sector in general. Together we become a market leader and now have the best capabilities to support our clients in flexible energy markets over the coming years.&rdquo;

&ldquo;I have no doubt that Volue Energy Services will be the undisputed Nordic market leader over the coming years, providing the perfect platform for further growth within European markets. Today is just the that start of the journey.&rdquo;

Volue, a market leader in technologies and services that enable its customers to succeed in the energy transition, has announced the launch of its new Volue Energy Services product line. The announcement follows the purchase of Enerim Oy’s Wholesale Markets business line, with the transaction closing on 30 June, 2023.

Volue Announces the Launch of Volue Energy Services and Appoints Tomi Pesonen as SVP and Head of the New Product Line

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