Norway’s Volue has launched an automatic buying and selling instrument for photo voltaic and wind operators protecting many of the European energy markets. Volue Position Closer is a subscription-based instrument geared toward renewable power producers, portfolio managers, and municipal utilities.
Volue, a Norwegian power and infrastructure know-how firm, has launched an automatic place closing instrument for contracts protecting many of the European electrical energy markets for photo voltaic and wind power.
The product, known as Volue Position Closer, is accessible on-line via subscriptions and may be built-in with inside programs via utility programming interfaces.
Typical customers are renewable power producers, portfolio managers, and municipal utilities who need to commerce hourly or 15-minute contracts however lack in-house sources, or those that need to exchange work in-house from companies. suppliers.
Users can reportedly add their intraday positions to the platform, which then displays market costs and routinely manages positions via algorithms, and closes open power positions in actual time. .
“In the thoughts of photo voltaic, we all know that balancing provide and demand is a posh job. It has turn into extra vital to have the ability to reply shortly to modifications out there, to have the ability to promote nearer to the actual -time, and to handle the chance related to risky real-time costs, “Martin Teci, Volue’s vp of strategic development. initiative, mentioned pv journal.
The software program now helps Epex Spot buying and selling, with further markets on its roadmap, in line with the corporate. “The trades can be out there in actual time, and we plan to supply reporting towards the weighted common worth, in addition to the prices of the imbalance,” mentioned Teci.
The consumer can see open or closed positions and efficiency may be tracked via the instrument’s dashboard or discover a deeper view of the info on the portfolio degree. “Again, with photo voltaic in thoughts, as an alternative of relying solely on static forecasts, customers could make real-time changes and cut back the penalties imposed by the transmission system operator (TSO) if the grid just isn’t steadiness,” added Teci.
Volue has greater than 800 workers in 40 nations, serving clients within the power, energy grid, water and infrastructure sectors.
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