The European Union has set ambitious goals for the transition to renewable energy, requiring quick adaptation and swift project deployment. However, stringent requirements for regulatory compliance are just one of the issues facing operators. Having trustworthy partners on the operations side can alleviate some issues.&nbsp;&nbsp;
<h2>Heavy demands on the producer&nbsp;</h2>
This requires producers to develop sophisticated operational setups for. infrastructure, power system and all existing market possibilities. Therefore, producers should look for a capable 24/7 partner that provides a large scale of experience and knowledge, supporting the operations to obtain the best possible results. &nbsp;
Enter Volue Energy Market Services. In a purpose-built control room in Turku, Finland, 15 employees make sure their Nordic clients have a fully manned monitoring service, running every hour of every day of the week.&nbsp;&nbsp;
Teuvo Jouhten is the Head of 24/7 services at Volue, and together with colleague Marko Taipale make use of their more than 25 years each in energy business.&nbsp;&nbsp;
&ldquo;Unlike many of our competitors who might rely on a single operator, Volue&rsquo;s control room is staffed by two specialists at all times. This dual-operator model ensures continuous, comprehensive monitoring, with one person focusing on the economic aspects and the other dedicated to technical oversight. This setup guarantees that all angles are covered, enhancing our decision-making capabilities and operational reliability&rdquo;, explains Teuvo Jouhten.&nbsp;&nbsp;
<h2>&nbsp;Multiple redundancies&nbsp;</h2>
&ldquo;We've built redundancy into every aspect of our operation, particularly in our communication systems. With multiple communication and backup systems, we ensure that our control room remains operational and fully connected, even in the most challenging circumstances. This commitment to redundancy not only complies with stringent European Union regulations but also provides our clients with the assurance that their energy assets are continuously monitored and managed, regardless of external conditions&rdquo;, says Teuvo Jouhten.&nbsp;

<a href="https://www.volue.com/energy-market-services/wind-power-operations#get-in-touch" title="Contact us for a consultation on how we can help you.">Contact us for a consultation on how we can help you</a>
&ldquo;Our operators are highly specialised, with distinct responsibilities that allow us to address both the minute technical details and the broader economic implications of energy management. This level of expertise ensures that we can optimise operations for efficiency and profitability, leveraging our deep understanding of the energy markets and technical operations&rdquo;, he continues.&nbsp;
One important part of success in this business is data handling, calculations and reporting. For that purpose, Volue has its own EMS system. Wind farm customers benefit in many ways from this and Volue can provide customer also an interface for system for customers reporting needs.&nbsp;

<ul>
 <li>Control and monitoring of power plants; wind, hydro, solar and batteries</li>
 <li>Enables continuous optimisation intraday, curtailment, regulations and capacity market participation</li>
 <li>Monitoring of substations, 20 - 400 kV electricity network and planning and management of operational interruptions</li>
 <li>Monitoring of communication connections, data transmission and informations systems, as well as fault transmission</li>
 <li>Real-time monitoring and management of electricity and natural gas balances and trading on exchanges</li>
 <li>ESA services (electrical sercurity responsibility for sites)</li>
</ul>

Monitoring Services from Volue

<h2>Strength in depth&nbsp;</h2>
Beyond the immediate control room operations, there is a broad team of specialists who provide additional support, offering a wealth of experience and expertise to solve complex issues. This depth of knowledge, with team members who have decades of experience in the field, allows Volue to address challenges effectively and innovate in their service delivery.&nbsp;

If your business requires reliable energy management solutions, don't hesitate to <a href="https://www.volue.com/energy-market-services/wind-power-operations#get-in-touch" title="contact us">contact</a><a href="https://www.volue.com/energy-market-services/wind-power-operations#get-in-touch" title="contact us"> us</a>. Our control room services offer tailored solutions to optimise your wind farm operations. With our trusted expertise and commitment to reliability, we are here to support your energy needs. Reach out today to explore how we can help streamline your energy market operations.
<h2>Do you want to learn more?</h2>
We also recommend these articles: <a href="https://www.volue.com/news/making-every-wind-power-asset-count-at-the-right-time"></a>
<a href="https://www.volue.com/news/making-every-wind-power-asset-count-at-the-right-time" title="Making Every Wind Power Asset Count at the Right Time" target="_blank" rel="noopener">Making Every Wind Power Asset Count at the Right Time </a> 
<a href="https://www.volue.com/news/mastering-profits-and-risks-for-wind-farm-operators" title="Mastering Profits and Risks for Wind Farm Operators" target="_blank" rel="noopener">Mastering Profits and Risks for Wind Farm Operators</a> 
Or watch our <a href="https://www.volue.com/energy-market-services/on-demand-webinar-maximising-wind-farm-revenues" title="On-Demand Webinar: Maximising Wind Farm Revenues" target="_blank" rel="noopener">On-Demand Webinar: Maximising Wind Farm Revenues</a>

Wind energy producers in the Nordic region are navigating a complex landscape of EU and national regulations that significantly impact the development and operation of wind farms. A 24/7 approach is needed to secure both operations and profits.

Harnessing Wind Power Requires 24/7 Awareness 

Electric utilities are facing significant challenges due to the ongoing energy transition.&nbsp;&nbsp;
&nbsp;
The move from fossil fuel energy to electric energy in transportation, production, and heating, and the implementation of rooftop solar panels, household windmills, local batteries (including EV chargers), and more, leads to a situation where the electric grid must transport much more energy while managing volatile energy production and consumption patterns.&nbsp;
&nbsp;
This will lead to a drastic increase in customer connection requests, endless projects needed to reinforce the grid, and operating the grid closer to its limit rather than with the large margins often applied today.&nbsp;
&nbsp;
The IT solutions of today do not bring the answers needed in a future which has already started, meaning grid operations must be reinvented.&nbsp;
&nbsp;
In this scenario, ArcGIS Utility Network offers the right foundation. With Utility Network, Esri has delivered a foundation that allows utilities to much better address the challenges.&nbsp;
&nbsp;
Based on more than thirty years in business and extensive experience at Elvia, Norway&rsquo;s largest electric utility serving 1 million meters, our white paper aims to deliver the arguments for establishing a true digital twin of the grid as well as detailed guidance on exactly how to do so.&nbsp;
&nbsp;
The white paper argues what to document, why to document it, and exactly how to tailor the ArcGIS Utility Network model released by Esri to optimally serve requirements. It also addresses implementation for DSOs serving a balanced three-phase grid.&nbsp;&nbsp;
&nbsp;
It is our hope that by releasing this white paper we may allow many electric utilities to jumpstart their journey to ArcGIS UN. By following the recommendations described and plug-and-play implementation, we hope to see the electric utility business reach more unified activity, facilitating collaboration in the process.&nbsp;&nbsp;
&nbsp;
This document and its recommendations are provided as a valuable resource for our customers, any DSO heading towards ArcGIS UN, and Esri partners.&nbsp;
&nbsp;
We have invested significant time, energy, and resources into developing this document, and we believe that it will be a valuable resource for all stakeholders.&nbsp;
&nbsp;
The white paper is provided as a gesture of goodwill to a market that must collaborate if we are to succeed in transitioning our societies away from fossil fuels. The white paper is released together with a data set that we hope will improve the understanding of the recommendations.&nbsp;

<a href="https://www.volue.com/power-grid-software/whitepaper-implementing-arcgis-utility-network">White Paper download </a>

Please follow the link below to request a download of the White Paper 

Commentary by Jens Dalsgaard, Principle Product Owner, Power Grid, Volue.  

Volue and Elvia Release White Paper on Implementing ArcGIS Utility Network for Balanced Three Phase Distribution Grid

Power grid lines

Volue and Elvia Release White Paper on Implementing ArcGIS Utility Network for Balanced Three Phase Distribution Grids 

Oslo, April 5th, 2024: Volue ASA (OSE: VOLUE) today published its Annual Report and ESG Report for 2022. 
The reports are available to read at <a href="https://www.volue.com/investors">https://www.volue.com/investors</a>. 
Highlights of 2023: 
&bull; Operating revenues of NOK 1,464 million, 20 per cent overall growth 
&bull; Adjusted EBITDA of NOK 267 million with margin of 18 per cent 
&bull; EBITDA of NOK 208 million with a margin of 14 per cent 
&bull; Solid performance in ARR business, with steady growth in new SaaS business 
&bull; Sales of strategic importance in all segments 
&bull; Strong traction in Japan and increased European footprint 
Reflecting on 2023, Trond Straume, CEO Volue, said: &ldquo;I wrote in our 2022 annual report that our central ambition for 2023 was to continue the growth of our revenues. I also made clear that we would increase our focus on profitability, noting that we would introduce measures in order to deliver this. I am delighted that this annual report illustrates the success of this strategy, and I greatly welcome the opportunity to present the financial and operational highlights of last year. 
&ldquo;Through digital platforms and innovative solutions, Volue delivers software and services critical to society for a cleaner, better, and more profitable future. 2023 saw this message told to audiences new and old, from the Nordics, Europe, and increasingly, within East Asia. We have developed and delivered products and services that support all market operators to take part in the energy transition. We have worked hard to lay the groundwork for all participants to do so, and 2023 has seen this strategy come to fruition. 
&ldquo;The work of my colleagues last year directly supported our ongoing organic growth and increased revenues, which in turn supported our steadfast ambition: to become the number one software and software-backed service provider to the European energy system by 2030. 
&ldquo;By focusing on the energy systems of tomorrow, we are delivering growth and profitably for our customers today.&rdquo; 
Volue has also published its annual ESG report today. 
Trond Straume, continued: &ldquo;Sustainability is in the core of everything Volue does. Volue was founded with the purpose of enabling the green transition, and we achieve this by delivering software and services critical to society for a cleaner, better and more profitable future. 
&ldquo;The transition to a sustainable tomorrow is happening now, and we enable our customers to be part of it. Whether it is established energy producers adjusting their asset portfolios to accommodate more renewables or new players entering the renewable energy sector, our suite of products and services remains relevant to all. Our goal is to enable and allow any participant in the energy system to make a positive contribution towards the green transition.&rdquo;

For further information, please contact: Arnstein Kjesbu, CFO, Volue, +47 970 47 699, Arnstein.kjesbu@volue.com Jacob Zeno Clausen Kr&oslash;vel, Head of Investor Relations, Volue +47 4840 3225, Jacob.krovel@volue.com About Volue | www.volue.com 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. This announcement is subject to information pursuant to the Securities Trading Act &sect; 5-12.

Further information and contacts

Volue ASA (OSE: VOLUE) today published its Annual Report and ESG Report for 2022.

Volue publishes its 2023 Annual Report and ESG Report

Volue, a leader in technologies and services that enable its customers to succeed in the energy transition, has successfully completed the software implementation of its Smart Power software with Enel Italy, part of the multinational Enel Group.&nbsp;&nbsp;
Enel uses the software for production planning, input to bidding strategies and real time power plant dispatch. It was introduced in October 2023 on all its Italian power plants, 24 hours a day and 7 days a week.&nbsp;&nbsp;
Smart Power provides Enel with comprehensive multi-asset support, the economic and physical dispatch of complex power assets, and scalable data management. The portfolio modelled in Volue Smart Power comprises several hundreds of generation assets (hydro, thermal, storage systems, and renewables) with a total production of about 48,4 TWh in 2022.&nbsp;
The Enel Group&rsquo;s total capacity is more than 89 GW and approximately 75% of the energy produced is zero-emission. This is distributed over a network of around 2 million kilometers, supplying it to over 61 million households and businesses.&nbsp;&nbsp;
Volue Smart Power is a next generation software solution that automates and optimises production, planning, bidding and trading. It was developed and introduced to address the ever-increasing complexity of the power markets. This latest deal will see Enel use the software to optimise its assets, balance renewable portfolio fluctuations and unlock unexploited flexibility.&nbsp;&nbsp;
Trond Straume, CEO, Volue, said: &ldquo;Smart Power continues to support our customers to take advantage of growth and profitability opportunities, reshaping operational activity in the process. I am delighted to see that our close collaboration and strong working relationship with Enel has led to such a significant partnership.&nbsp;&nbsp;
&ldquo;Our flexible software is now being used to cover comprehensive production planning and optimisation processes across Europe standard software solutions for different companies operating within varying markets.&nbsp;
&ldquo;By embracing automation and the strategic optimisation of assets, our customers can confidently navigate an ever evolving and volatile energy market, boosting their revenues from power production, and facilitating the wider transition towards cleaner sources of energy.&rdquo;&nbsp;
Carmelo Brunetto, Head of Short-Term Management, and Gabriele Portobello, Project Manager for Volue software implementation, at Enel Energy &amp; Commodity Management Italy, said: &ldquo;By using Smart Power, we have the capability to exploit our hydro production flexibility through the optimisation of the entire portfolio, maximising our assets&rsquo; value in each market session.&rdquo;&nbsp;
Davide Passuello, Project Manager for Volue software implementation at Enel Green Power O&amp;M Hydro Italy, said: &ldquo;With Volue&rsquo;s solution, we cover O&amp;M production processes for our entire hydroelectric fleet. We both optimise the real time dispatching in all our aggregated watercourses and share data for the Enel portfolio optimisation, leveraging on Volue&rsquo;s detailed modeling capabilities.&rdquo;&nbsp;
Paolo Sasso, Head of O&amp;M Hydro Italy Enel Green Power, said: &ldquo;This implementation is strategic and allows us to be prepared for the changing energy scenario. Hydropower has a long story and will play an important role in the energy transition of Italy.&rdquo;&nbsp;

Image credit

Volue, a leader in technologies and services that enable its customers to succeed in the energy transition, has successfully completed the software implementation of its Smart Power software with Enel Italy, part of the multinational Enel Group.  

Volue Smart Power goes into operation at Italy’s largest power producer 

The opportunities that lie in the Nordic wind power market has in recent years attracted major investments. However, the times when a power purchase agreement (PPA) was enough to secure the investments made in building a wind farm are gone.&nbsp;&nbsp;
Nordic wind park operators are well-acquainted with the challenge of market volatility. Fluctuating energy prices and unpredictable wind patterns can significantly impact their operations and profitability. On days with excess wind, the market might experience a surplus, driving prices down. Conversely, insufficient wind can lead to missed opportunities during peak demand periods.&nbsp;&nbsp;
For wind power actors, key challenges also include navigating complex regulatory frameworks, managing intermittent energy production and grid integration challenges, and adapting to fluctuating market prices and environmental concerns, all while striving for financial viability and sustainability goals.&nbsp;
<a href="https://www.volue.com/energy-market-services/wind-power-operations#get-in-touch" title="Contact us for a consultation on how we can help you.">Contact us for a consultation on how we can help you</a>
These challenges are crucial pain points for the further development of this industry, which has seen a rise in demand for strategic partners to help leverage opportunities and potential risks.&nbsp;&nbsp;&nbsp;
<h2>Unlocking new market opportunities&nbsp;</h2>
B&aring;rd Mageli and Pekka Pietil&auml; from Volue Energy Market Services point to Energy Trading as a Service as a comprehensive solution that addresses these challenges head on. By combining advanced technology and expert insights, Volue offers strategies that empower wind energy producers to effectively navigate market volatilities.&nbsp;&nbsp;

Volue's Energy Trading as a Service combines advanced predictive analytics, unparalleled customer service, and deep market expertise to provide customers with a comprehensive energy trading platform that is both responsive and reliable.&nbsp;
A fully manned trading desk, collocated with a control room that manages both a 24/7 monitoring service, and an optimisation desk, allows Volue to help clients at any point during the day.&nbsp;&nbsp;
"The real challenge for many of our customers, is that their operations don&rsquo;t allow for having a full setup with traders in-house. This means having active participation in both regulatory markets, where government policies and regulations are navigated to ensure compliance and stability, and balancing markets, where real-time adjustments are needed to match electricity supply and demand on the grid is demanding&rdquo;, explains B&aring;rd Mageli. &ldquo;We help our customers play a more proactive role in the energy markets by optimising their operations and capitalising on every market opportunity.&rdquo;&nbsp;
<h2>Approaching challenges from several angles&nbsp;</h2>
B&aring;rd Mageli and Pekka Pietil&auml; work on different sides of these challenges, and combining their teams&rsquo; experience and knowledge allows for stronger upsides for the customers.&nbsp;&nbsp;
By offering energy trading services combined with asset monitoring and optimisation capabilities, which are instrumental in enhancing the efficiency and profitability of wind energy operations, Volue Energy Market Services gives wind farm operators access to "real-time energy portfolio balance," enabling proactive adjustments to trading strategies based on market conditions.&nbsp;
The economic benefits are underscored by the ability to participate in new markets and utilise integrated solutions for load balancing and demand response, significantly optimising revenue streams. Advanced technology, such as machine learning for predictive analytics, empowers operators to anticipate market trends and adjust their operations accordingly. This support system not only streamlines the energy trading process but also amplifies market opportunities, ensuring wind park operators are well-equipped to navigate the complexities of the energy sector.&nbsp;
<a href="https://www.volue.com/energy-market-services/wind-power-operations#get-in-touch" title="Contact us for learning more">Contact us to learn more</a>&nbsp;
Pekka Pietil&auml;, Head of Service Operations at Volue, emphasises the shifting paradigms within energy trading, notably the surge in renewable energy integration and the consequent market volatility. Pietil&auml; notes, "As we witness a significant transformation in the electricity market, with renewables at the forefront, the need for sophisticated trading solutions has never been more critical."&nbsp;&nbsp;
Pietil&auml; highlights, "Our service-based solutions, strictly on behalf of our customers, deliver forecasting, trading, and settlement reporting services using our in-house developed systems."&nbsp;
<h2>15% uplift in revenues&nbsp;&nbsp;</h2>
The transparent solution offered leaves the customers with no doubt their interests being served.&nbsp;&nbsp;
&ldquo;We achieve success only by having satisfied customers who want to continue using our services&rdquo;, says B&aring;rd Mageli.&nbsp;&nbsp;
Recognising the alignment of Volue's energy market services with industry needs in a highly volatile and competitive market, naturally leads us to concrete examples of its success.&nbsp;&nbsp;

In a market where optimal production and additional revenue streams become pivotal, Volue Energy Market Services emerges as a key ally for wind power producers. With our tailored solutions that cater to the unique challenges of the industry, we empower operators to maximise revenues and enhance operational efficiency. 
If you're looking to navigate this complex landscape with confidence, <a href="https://www.volue.com/energy-market-services/wind-power-operations#get-in-touch">contact us today</a>. Let's discuss how we can support your goals with effective trading strategies and optimised wind farm operations​​.&nbsp;
<h3><a href="https://www.volue.com/en/energy-market-services/on-demand-webinar-maximising-wind-farm-revenues">You can also learn more about how to to maximise the value of your wind park in our on-demand webinar.</a></h3>

Discover our services for wind power producers

Rapid growth has produced its own set of challenges for the wind power industry in the Nordics. Volue Energy Market Services supports the industry by addressing challenges in risk mitigation and profit optimisation. 

Mastering Profits and Risks for Wind Farm Operators 

Wind mills landscape

<h2>Bearish factors in the carbon market have surfaced during the last few months</h2>
Carbon prices have dropped considerably over the last couple of months, much due to the energy crisis hitting industrial players and awareness of high auction volumes coming. It has also become well known that 2023 emissions, when they are disclosed in early April this year, are going to be very low. For 2024, we expect carbon prices to be dominated by 2024 emissions expectations and the question of when an industrial recovery can commence.
<h2>Gas prices back to &ldquo;normal&rdquo; levels</h2>
European gas prices have been locked in a bearish trend this winter. The TTF day ahead contract is trading $25/MWh, more than halved since the peak in October following the eruption of the Israel-Hamas war. A mild winter with receding risk premiums, full storages and sluggish demand is the main story. There could be more downside potential. More LNG supply diversions to Asia and more use of storage capacity in Ukraine by European companies might be necessary to avoid an oversupply situation in the summer.
<h2>Weak price trend to prevail this spring with ample supply</h2>
Power prices have largely continued their bearish trend in the past months and are now trading near three-year lows, pressured by weak fuel and CO2 prices. We don&rsquo;t expect the recent uptick in CWE power prices to be sustainable given we are exiting winter with gas storage levels around 60% capacity, solar growth is leading to sharp spot price declines, hydro balances are at a surplus and French nuclear output has improved. On the demand side, we don&rsquo;t anticipate a strong recovery in the near term based on unchanged weak indicators for key business and manufacturing sectors. Furthermore, our medium-term fuel scenarios show that gas price fluctuations have the biggest impact on power price movements, with gas often acting as the marginal price-setting fuel next year.
<h2>Will the downward pressure on the gas and EUA market continue this summer?</h2>
The status of the current European power balance gives signals that the consumption recovery will take more time and with massive investment in new renewable production from wind and solar in addition to better delivery from hydro and nuclear production we might see heavy pressure on gas and EUA markets to continue this year as well. The demand for thermal power production will go down.
The Nordic area has a deficit of hydro reservoirs and a surplus in snow in southern Norway might not be enough to fill up the hydro reservoirs this summer unless we see a wet weather trend. The gas market prices will play an important role in this market, and the EUA prices see some interesting emission verification data shortly which might bring additional bearish signals to the market.
All area prices in Norway are closer together than seen in the past years and we expect this development to continue in the next couple of years as consumption growth might stabilize the price influence of investments in new renewable production.

In March we hosted the spring edition of our Market Expert View webinars. Insight by Volue power market analysts delved into topics ranging from carbon and gas price developments to emerging trends in the CWE, UK and Nordic power markets. Here is a summary of the key points covered in our three sessions.

Highlights from our Market Expert View Spring Edition

Delivered as SaaS, Volue&rsquo;s algo trading software is out of the box &ldquo;plug-and-play", and functional and technical development, maintenance and operation constitute important elements of the offering. Another essential component is the Volue customer success team, which provides customers with guidance, support and consulting on the most effective use of the solution.&nbsp;
The team of trading experts is based in Volue&rsquo;s Munich office and serves customers across Europe. The customer success team is committed to ensuring a smooth onboarding to Volue&rsquo;s algo energy trading products and guiding new customers towards their first trade. After the initial setup, the team&nbsp;is always available to assist in any questions regarding the software.&nbsp;&nbsp;
&ldquo;Although the default strategy configurations deliver excellent performance for most customers, fine-tuning them may become relevant as trading volumes grow. Our team has vast experience in understanding varying use cases and providing our view on the best approach for adjustments&rdquo;, explains Riad Takriti, Trading Operations Specialist at Volue Customer Success.

<h2>Enabling change</h2>
With customers varying from small utilities to large multinationals and professional traders, the customer success team has helped solve a diverse range of challenges. In particular, the team has been crucial for enabling change:&nbsp;
&ldquo;During the past years, as we know, energy markets across the board have been turbulent. Besides novel trading needs, incumbents have been required to adapt their trading operations. Customers have found our support valuable in operationalising the new trading approaches at the execution level&rdquo;, says Riad Takriti.&nbsp;
Volue&rsquo;s customer success team also offers consulting services for reviewing use case specific trading contexts and providing insights on choosing optimal parameters for the market execution strategies.&nbsp;
&ldquo;Both small and larger customers utilise our consulting services to benefit from our expertise in broader questions concerning their trading setup&rdquo;, says Takriti.&nbsp;&ldquo;Our customers appreciate the collaborative approach of our customer success team, and we often hear that it brings an edge to our software. With a holistic team team dedicated to our algorithmic trading solutions, we can provide true expertise and genuinely create value through enabling our customers to find optimal ways to use our products.&rdquo;&nbsp;
Are you interested in automated algorithmic power or gas trading? The Volue Algo Trader Power and the new Volue Algo Trader Gas, both delivered as SaaS, are designed for reliable and intuitive trading experience on the European energy markets.&nbsp;

Explore Volue's Algorithmic Energy Trading Software

Since the launch of our first algorithmic power trading software solution in 2014, Volue has been dedicated to revolutionising continuous spot trading for power and gas traders. We recently caught up with Riad Takriti, Trading Operations Specialist, to hear his thoughts on how Volue’s customer success team brings added value to customers.  

Ensuring the Success of Volue’s Algorithmic Energy Trading Software Customers 

In the ever-evolving landscape of professional development, the concept of &lsquo;boomerang professionals&rsquo; has emerged as one of the latest trends reshaping traditional career paths.&nbsp;&nbsp;
These individuals, who return to former employers after exploring new opportunities elsewhere, bring a unique set of benefits to organisations. From their seamless integration and reduced onboarding time to the infusion of fresh perspectives and external expertise, the value these returning talents offer is undeniable.&nbsp;
In our latest article, we will delve into the minds of some of those who have recently returned to Volue.&nbsp;&nbsp;
Take Minxian Le, Project Manager, Insight by Volue, who had this to say: &ldquo;It is good to be working in the centre of the green transition again. It comes down to me being able to answer yes to the question; &lsquo;Have I done something today that brings the world a little bit closer to how I would like it to be?&rsquo;&rdquo;&nbsp;
Elsewhere, Ada Strand, Product Owner, Energy Planning Production Software, had this to say: &ldquo;The people will always come first. It's always nice to see the friendly faces of my colleagues at the office, when travelling to visit other offices, and on Teams. People have been welcoming in all the locations I have visited, and I have made friends I will keep, even if some of us should be silly enough to leave Volue!&nbsp;&nbsp;
&ldquo;I also missed the work itself as I feel that what we do is meaningful and is important to our customers. We work together as a team to deliver critical systems to our customers, so it is important that we care. It helps that the work is interesting and that the energy domain is exciting with a lot of action!&rdquo;&nbsp;
Mats Zachariassen, a Solution Sales Expert, said that he missed the people and that he was looking forward to driving increasing growth together with what he referred to as &ldquo;the talented people working in Insight.&rdquo;&nbsp;
Finally, Kim Bjerkevoll, Head of Development, Spark by Volue, said: &ldquo;In the process of starting a company, numerous activities demand attention. Volue provides significant support from various teams - the people team for recruitment, the platform team for DevOps and runtime environment setup, the security team, the operational team, and many more.&nbsp;&nbsp;
&ldquo;This support allows us to focus on our primary deliveries, providing us with spare time. With more spare time and colleagues pushing me to join in with sporting activities, I can finally prioritise this as well!&rdquo;&nbsp;
Of course, this is just an overview of some of the individuals who have returned to Volue in recent months. Do you have the skills and expertise to help us deliver software and services critical to society for a cleaner, better, and more profitable future? If so, we want to hear from you.&nbsp;
Volue's market-leading products optimise energy production, trading, distribution and consumption, as well as infrastructure and construction projects. Whether you are a recent graduate or an experienced professional, we have several positions currently available.&nbsp;
And we promise you don&rsquo;t need to have worked here before to apply!&nbsp;&nbsp;

In the ever-evolving landscape of professional development, the concept of ‘boomerang professionals’ has emerged as one of the latest trends reshaping traditional career paths. In our latest article, we will delve into the minds of some of those who have recently returned to Volue.  

In our latest article, we will delve into the minds of some of those who have recently returned to Volue.  

Focusing on Volue's 'Boomerang Professionals' 

Trees in autumn

For these operators, wind power is often a secondary business interest, meaning navigating an environment characterised by regulatory complexities, grid integration challenges, and the inherent variability of wind as an energy source​​​​ often is complex.&nbsp;
In 2021, wind power contributed to 28% of Sweden&rsquo;s total installed power generation capacity, with forecasts predicting wind's share to rise to 41% by 2035​​. This example of rapid Noredic wind production growth underscores the critical need for asset optimisation, enabling producers to enhance their operational efficiency, mitigate risks, and capitalise on market opportunities.&nbsp;
The increasing height of wind turbines, essential for commercial profitability, exemplifies the sector's evolving challenges. For small and mid-size producers, optimising assets is not merely a strategy but a necessity to thrive in a competitive and fluctuating market. This means asset optimisation is a necessity to transform challenges into growth and financial sustainability.&nbsp;&nbsp;
<h2>Challenges could be opportunities&nbsp;</h2>
By delving into the industry's current landscape, regulatory hurdles, and the innovative solutions at play, Volue Energy Market Services acts as a guide and support for wind power producers. The insights and strategies used by the company equip stakeholders with the knowledge and tools needed to navigate the complexities of the Nordic wind power market, ensuring their ventures are both economically viable and aligned with the region&rsquo;s clean energy ambitions.&nbsp;&nbsp;
<a href="https://www.volue.com/en/energy-market-services/on-demand-webinar-maximising-wind-farm-revenues">Do you want to learn more about how to maximise the value of your wind park? Watch our on-demand webinar</a>
Volue Energy Market Services offers a robust asset optimisation service designed for the nuanced needs of wind power producers. The approach encompasses the use of advanced analytical tools and real-time market insights, allowing for the strategic trading and management of energy assets. This service includes the critical ability to control and adjust wind power generation to align with market demands, mitigating risks and capitalising on financial opportunities within the flexibility markets.&nbsp;
Per Almbladh, Head of Product Management at Volue Energy Market Services, underscores the tangible financial benefits that asset optimisation brings to the table for wind power producers.&nbsp;

Head of Product Management, Volue Energy Market Services

He points to how participating in flexibility markets is not merely a strategic move but a financially intelligent one, bolstering the bottom line for producers who adeptly manage their assets.&nbsp;
<h2>Taking control in a minute-by-minute setting&nbsp;</h2>
Delving deeper into the operational side of things, Volue Product Manager Tommi T&auml;htinen emphasises the critical importance of production control: &ldquo;The cornerstone of trading in flexibility markets is the ability to control your asset. Without this control, market participation carries significant risks. It&rsquo;s the control that actualises the flexibility an asset can offer,&rdquo; T&auml;htinen states. This insight highlights the essence of control in mitigating risks and ensuring the reliability of trades in the dynamic market landscape.&nbsp;&nbsp;
T&auml;htinen further elaborates on Volue's approach to service customisation, "We align our services with the unique requirements of each client, ensuring that the markets they enter and the risks they take are meticulously calibrated to their preferences." This approach is a testament to Volue's commitment to providing bespoke solutions that resonate with the individual operator&rsquo;s needs and risk profile.&nbsp;
The wind power industry in the Nordics is navigating a complex regulatory environment, marked by significant policy shifts that directly impact the financial landscape of renewable energy projects. The European Commission&rsquo;s Wind Power Package is just one example​​. Regulatory changes can lead to market challenges, as seen in the Nordic power prices that faced pressure from high hydro reserves and export capacity limits, impacting profitability and PPA negotiations​​. This delicate balance of regulatory developments and market responses underscores the need for strategic navigation by wind power entities to ensure viability and growth.&nbsp;
<h2>Staying ahead of the curve&nbsp;</h2>
A significant aspect of Volue&rsquo;s service spectrum is its comprehensive market coverage and its proactive stance on regulatory compliance. "As a service provider active across all markets, staying up to date with market regulations is part of our DNA. Our partners can rest assured that we'll navigate and integrate market changes, ensuring compliance and continuity," says Almbladh.&nbsp;&nbsp;
Another pain point for many wind farm operators is the relative size needed of an organisation that should both be operationally adept at curtailing production at the right moment, but also having the technical skills to partake in trading at short intervals.&nbsp;&nbsp;
Discussing the operational infrastructure, Almbladh highlights the significance of Volue&rsquo;s control rooms: "The essence of our asset optimisation service is our control room's round-the-clock vigilance. It&rsquo;s the human element &ndash; the expertise of personnel actively monitoring and ready to respond to the unexpected &ndash; that differentiates our service." The emphasis on continuous human oversight is crucial in a domain where timely responses can make a world of difference.&nbsp;
Looking ahead, T&auml;htinen speaks about preparing for the future, "Our active engagement in market design projects positions us at the forefront of emerging market developments. It's about future-proofing our operations and, by extension, our clients' interests in an ever-evolving market." This foresight is indicative of Volue&rsquo;s commitment to innovation and strategic advancement in anticipation of future market trends and regulatory landscapes.&nbsp;
<a href="https://www.volue.com/energy-market-services/on-demand-webinar-maximising-wind-farm-revenues">Do you want to learn more about how you can maximise the revenues from your wind park? Watch our on-demand webinar.</a>

The Nordic wind power sector, estimated to grow to 240 Twh/y by 2035, is at the centre of renewable energy growth​​. In this promising backdrop, small and mid-size wind power producers face a set of challenges that impact operational efficiency and financial performance.  

Making Every Wind Power Asset Count at the Right Time

Between 2010 and 2020, the cumulative installed capacity of wind power in the Nordics more than doubled. The growth rate of wind energy installations in the region has outpaced other forms of energy generation and is expected to reach in excess of 220 Twh/y by 2035, including both onshore and offshore. &nbsp;
In recent years, the wind energy sector has attracted substantial investments, driving further expansion and innovation in the industry. These investments have led to the development of new wind farms and the deployment of advanced technologies to enhance the efficiency and reliability of wind power generation. &nbsp;
<h2>Access to marketplaces is crucial&nbsp;</h2>
This scenario underscores the critical need for strategic trading and asset optimisation to navigate market volatility and operational constraints effectively. This is where Volue Energy Market Services, spearheaded by seasoned industry expert and Senior Vice President Tomi Pesonen, offers support and innovation. Volue's services, leveraging advanced analytics, forecasting, market insights and technology, empower Nordic wind power operators to optimise their operations and unlock marketplaces for wind farm operators of all sizes.&nbsp;&nbsp;

From Volue&rsquo;s Helsinki office, Pesonen leads a team of around 100 energy industry experts based in Finland, Sweden, Norway and Denmark. The job of his team is to address the pain-points experienced by many renewable energy producers.&nbsp;
Integrating advanced systems like the company&rsquo;s in-house developed energy management system (EMS) and the Volue Algo Trader software, Volue is redefining market participation. As Pesonen outlines: "We offer a full service to our clients, ranging from 24/7 monitoring and optimisation of their assets, to providing them with access to all relevant marketplaces.&nbsp;This means that also independent producers can gain access to markets that are normally reserved for larger companies."
<a href="https://www.volue.com/en/energy-market-services/on-demand-webinar-maximising-wind-farm-revenues">Do you want to learn more about how to maximise the value of your wind park? Watch our on-demand webinar</a>
In addition to using algorithmic trading software to provide their clients with access to the intraday markets, Volue can also secure participation in balancing markets, ancillary services markets and capacity markets. This way clients have more legs to stand on to make sure they are getting maximum revenue from the energy they are producing.&nbsp;&nbsp;
<h2>Regulatory demands for monitoring&nbsp;</h2>
Another challenge facing wind power producers is increasing demand on having the required monitoring setup. To comply with Finnish regulations, it is required of operators to have in place 24/7 on-site monitoring of their wind farms, and other Nordic countries are expected to have in place the same regulations soon. In Finland, Volue has set up just this for many of their clients.&nbsp; This is managed from a 24/7 operations control room, where 15 multilingual experts work in shifts to make sure nothing goes amiss. &nbsp;
"As a customer of Volue Energy Market Services, you don't need to invest in those very expensive systems or set up your own full-scale operations. Instead, we provide you with full access to our utility-scale systems and operations."&nbsp;
This allows Volue&acute;s clients to make the all-important adjustments to their power generation, that both producers and regulators and TSO&rsquo;s want to see.&nbsp;
<h2>Declining capture rates pose profitability challenges&nbsp;</h2>
A significant challenge for wind farm operators is managing the intermittency and variability of wind power generation. Wind is an inherently variable energy source, and operators must implement strategies to balance supply and demand and ensure grid stability. &nbsp;
"Capture rates decline as more wind power generation enters the system&rdquo;, says Tomi Pesonen. This highlights a paradox where the proliferation of wind energy could lead to its own profitability challenges, particularly in regions with a high concentration of wind farms. Pesonen adds: "Typically if it's windy, it's windy in a large region, which oftentimes results in an oversupply where electricity prices tend to go low or even negative&rdquo;.&nbsp;
Consequently, managing and optimising production and finding additional revenue streams is becoming increasingly important for wind power producers. Effective trading strategies allow operators to maximise revenues by selling electricity at optimal prices, while optimisation of wind farm operations can enhance efficiency and increase electricity production. This is where Volue Energy Market Services steps in, offering tailored solutions to address these very challenges.&nbsp;
<h2>Acting as a force multiplier&nbsp;</h2>
Volue provides advanced analytics, forecasting tools, and market insights that enable wind power operators to navigate market volatility and optimise their operations. By leveraging real-time data and predictive analytics, Volue helps operators anticipate market changes, adjust their production strategies accordingly, and capitalise on the best trading opportunities. This not only mitigates the financial impact of decreasing capture rates but also enhances the overall efficiency and competitiveness of wind power projects.&nbsp;
&ldquo;Volue's comprehensive suite of services includes balance management, nominations, and balance settlement at both the BRP and MGA levels, along with SCADA and monitoring for real-time measurement and control&rdquo;, says Tomi Pesonen. &ldquo;Individually, each of these services positively impacts the operations of our customers, but by integrating them, we can truly act as a force multiplier, significantly increasing profits and bolstering efficiency in a challenging and volatile market environment.&rdquo;&nbsp;
<h3><a href="https://www.volue.com/en/energy-market-services/on-demand-webinar-maximising-wind-farm-revenues">Do you want to learn more about how to maximise the value of your wind park? Watch our on-demand webinar.</a></h3>

The wind power industry in the Nordic region is at a pivotal juncture, facing challenges that threaten its growth and sustainability. The Nordic countries, leading in the adoption of renewable energy, confront decreasing capture rates, regulatory uncertainties, and grid constraints —all affecting the financial viability of wind power production. 

Stormy Weather for the Nordic Wind Power Industry

Gemini QuantiFlow vil sikre prosjektet ditt best mulig flyt for h&aring;ndtering og rapportering av mengder mot kontrakt, samt v&aelig;re et ledd som sikrer riktig grunnlag for m&aring;lebrevsproduksjon.&nbsp;
Gemini QuantiFlow aktiveres enkelt i Gemini Connected med bare et klikk, og&nbsp;integreres s&oslash;ml&oslash;st med Gemini ProAdm og Gemini Terrain. Gemini QuantiFlow gir prosjektmedlemmene &oslash;kt fleksibilitet ved &aring; forenkle og tilgjengeliggj&oslash;re innsamling og h&aring;ndtering av mengder i utbyggingsprosjekter.

<h3>Hva oppn&aring;r du med Gemini QuantiFlow?</h3>
Str&oslash;mlinjeformet fakturering: God kontroll p&aring; fakturering og fremdrift i anleggsprosjekter
Gjennomsiktighet i organisasjonen: Prosjektmedlemmer har tilgang til registrerte mengder og kan f&oslash;lge med p&aring; fremdriften i prosjektet
&Eacute;n kilde til sannhet: Reduserer misforst&aring;elser som kan oppst&aring; gjennom ulike datakilder. Alle prosjektdeltakere har tilgang til &eacute;n og samme kilde til sannhet
V&aelig;r oppdatert og ta beslutninger: M&aring;l fremdrift og v&aelig;r oppdatert i hele prosjektfasen. Alle beslutninger tas p&aring; grunnlag av oppdaterte data
Brukervennlighet: Brukervennlig og tilgjengelig plattform for alle prosjektmedlemmer p&aring; tvers av ulike roller og teknisk kompetanse
Skalerbarhet: Passer for alle prosjekt uavhengig av st&oslash;rrelse og kompleksitet

Gemini QuantiFlow st&oslash;tter tilleggsarbeid med egne poster, og i Gemini Terrain versjon 19 endres metoden mengder registreres fra Gemini Terrain. Gemini Terrain 19 overf&oslash;rer ved registrering samlet total mengde p&aring; valgt post fra valgt fil, og gir brukeren fleksibilitet til &aring; redigere datagrunnlaget f&oslash;r videre regstrering.
Skylagring av Gemini Terrain-prosjekter og mengdehistorikk i webl&oslash;sningen gir bedre oversikt og &oslash;ker fleksibiliteten. Gemini Connected fanger opp endringer og utvikling i verdier p&aring; de ulike postene, og Gemini Terrain-brukerne kan jobbe like fleksibelt som i l&oslash;sningen for &oslash;vrig.&nbsp;

Webinar - Vi lanserer Gemini QuantiFlow!

<div class="form-group">
 <div class="content col-md-offset-2"></div>
 <div class="content col-md-offset-2">Vi lanserte Gemini QuantiFlow, mengder satt i system i webinaret v&aring;rt 7. mars. I dette webinaret f&aring;r du en introduksjon og demonstrasjon av l&oslash;sningen. Se opptak av webinaret p&aring; v&aring;r YouTube-kanal, Construction by Volue.&nbsp;</div>
</div>

Ønsker du mer informasjon om Gemini QuantiFlow? 

Fyll ut skjemaet s&aring; tar vi kontakt med deg for mer informasjon.

Volue har løsningen som gjør håndtering og rapportering av mengder enklere, tryggere og mer effektiv i ditt prosjekt!

Gemini QuantiFlow 

<h3>Forbedret brukeropplevelse</h3>
<h4>Installeringsforbedringer for enklere bruk</h4>
I Gemini Terrain 19 blir det enklere installasjonsprosess, med f&aelig;rre mapper &aring; angi. Brukere kan velge spr&aring;k og marked under installasjonen, og det inkluderer n&aring; ikoner p&aring; skrivebordet for rask tilgang.
<h4> Prosjektmeny &ndash; forbedret brukeropplevelse</h4>
Prosjektmenyen har f&aring;tt en betydelig overhaling med filtreringsmuligheter i prosjekt- og tegningslistene, samt mer intuitive knapper. Det er n&aring; mulig &aring; bytte organisasjon i skyprosjekter uten &aring; logge ut, og tegningskategorier gir bedre oversikt. Opprettelse av prosjekter og tegninger har f&aring;tt forbedret brukeropplevelse med nye funksjoner som bruk av maler og umiddelbar tegnings&aring;pning.
<h4> Grupperte verkt&oslash;ysett og knapper</h4>
Gemini Terrain 19 introduserer grupperte verkt&oslash;ysett-knapper, som gir brukere muligheten til &aring; velge bare ett verkt&oslash;y av gangen. Dette gir en mer intuitiv opplevelse, med f&aelig;rre knapper p&aring; hovedmenyen. Det samme prinsippet gjelder for renderknapper i 3D, med en ny verkt&oslash;ylinje for bedre organisering.
<h4> Applag-oppdateringer for presisjonsarbeid</h4>
I denne oppdateringen har Gemini Terrain forbedret flere aspekter ved bruk av applag.
<ul>
 <li>Koordinatsystemet kan n&aring; settes p&aring; standard applag, og transformasjon er mulig n&aring;r som helst.</li>
 <li>Kopiering til resultatapplag gir brukere fleksibilitet og forenkler arbeidsflyten.</li>
 <li>F&oslash;lg linje-funksjonen gir hurtigvalg og enklere redigering av linjer.</li>
 <li>2D-triangulering h&aring;ndterer n&aring; bedre punktskyer med automatisk filtrering av punkter basert p&aring; n&oslash;yaktighet</li>
</ul>

<h3>Gemini Terrain TrenchWorks: Forbedret brukeropplevelse og nye omfyllingsmetoder</h3>
TrenchWorks-modulen har blitt optimalisert for bedre brukeropplevelse, med forbedret kontroll over manuell/automatisk beregning. Tre nye omfyllingsmetoder gir brukere &oslash;kt fleksibilitet i sine prosjekter. Det er ogs&aring; n&aring; st&oslash;tte for trapping av fundamentet, noe som v&aring;re naboer i Sverige kaller for &laquo;&oslash;konomigr&oslash;ft&raquo;; mindre inngrep gj&oslash;r det rimeligere &aring; bygge gr&oslash;ften.

<h3>Gemini Terrain SurfaceMaker</h3>
SurfaceMaker-modulen har blitt optimalisert for &aring; skape mer komprimerte og ryddige triangelmodeller, samtidig som den l&oslash;ser tidligere problemer med laveste sprengningsniv&aring;.

<h3>Gemini Terrain SiteSurvey: &Oslash;kt funksjonalitet for m&aring;ling og analyse</h3>
SiteSurvey-modulen har blitt styrket med nye formater og med nye formater og prismeinfo for SBG, Topcon maXML, Trimble jobXML og Leica HeXML. Formatene er forel&oslash;pig i Beta-fasen. Nye m&aring;leprosedyrer og linje-punkt koblinger gir &oslash;kt funksjonalitet og brukervennlighet.

<h3>Vegmodell-oppdateringer</h3>
Vegmodellen i Gemini Terrain 19 kommer med flere nyheter:
<ul>
 <li>RoadVisor-modulen har n&aring; aktiv styring, der bakakselen f&oslash;lger kj&oslash;relinjen.</li>
 <li>St&oslash;tte for IFC 4.3, inklusiv IfcAlignment (forel&oslash;pig i beta-versjon)</li>
 <li>Alternativ massebalanserapport gir bedre kontroll og oversikt over massebalansekontoer.</li>
</ul>
 Gemini Terrain versjon 19 markerer en milep&aelig;l i utviklingen av programvaren, og disse oppdateringene vil bidra til &aring; &oslash;ke produktiviteten og effektiviteten i hverdagen. For mer informasjon om l&oslash;sningen g&aring; til <a href="https://www.volue.com/no/produkter-og-tjenester/gemini-terrain">produktsiden for Gemini Terrain+</a> eller for &aring; laste ned siste release g&aring; til <a href="https://www.volue.com/no/support/construction-support-download">support-siden.</a>

Webinar-serie: Nyheter i Gemini-porteføljen!

I l&oslash;pet av de neste m&aring;nedene har du mulighet til &aring; l&aelig;re mer om nyheter i Gemini-portef&oslash;ljen i v&aring;re kostnadsfrie webinarer.
Vi starter en webinar-serie som foreg&aring;r i februar og mars med nyheter i portef&oslash;ljen. Alle v&aring;re webinar blir tatt opp kan sees igjen p&aring; v&aring;r <a href="https://www.youtube.com/channel/UCL2RsNOBTv2Biw5KOISMjfQ">YouTube-kanal.</a>

Vil du vite mer om våre løsninger?

Fyll ut skjemaet s&aring; tar vi kontakt med deg.

Ny versjon av Gemini Terrain 19 – nyheter verdt å få med seg

Vår ledende programvare innen terrengmodellering, masseberegning og prosjektering, har spennende oppdateringer i nyeste versjon, Gemini Terrain 19. Med hovedfokus på forbedret brukeropplevelse og økt funksjonalitet, bringer denne oppdateringen betydelige endringer som vil forbedre måten brukere samhandler med programvaren på.

Pressrelease - Gemini Terrain. Nyheter verdt å få med seg!

Gemini Terrain 19

<h2>Introduction</h2>
The 1.4 GW Viking Link between Denmark and the UK received much attention as the world&rsquo;s longest subsea power interconnector when it was commissioned at the end of 2023. Volue Insight modelled a scenario without the cable to identify the impact that it has on power prices in the Nordic region and the UK over the period 2024-2028. Our results show Nordic and Danish prices would decrease initially by &euro;2-4, but the bearish effect eases over time due to more transmission capacity and closer price convergence with European markets.
Alongside that, we also assume in the scenario no expansion of cross-border capacity between west Denmark DK1 and Germany via the 1 GW West-Coast Line project. The cable is viewed as necessary for Danish security of supply reasons and is due to be commissioned in Q1-2025. The total Viking Link capacity represents more than 20% of Denmark&rsquo;s peak winter power demand, so unexpected outages of the cable under tight domestic supply situations could lead to sharp price spikes.
<h2>Overview</h2>
<ul>
 <li>On a seasonal level, the largest decline for Danish and Nordic prices occurs in Q4 corresponding to stronger demand in the UK. Imports of Danish wind power can help displace more expensive gas generation during the winter months when consumption rises.</li>
 <ul>
 <li>The results show the drop in Nordic prices is smaller in Q1 due to typically stronger wind production during this period and reduced exports to the UK. The UK&rsquo;s ambitious offshore wind expansion plans mean overall net imports should gradually decline over the years. </li>
 </ul>
 <li>Looking at the annual pattern, the bearish effect on Nordic prices diminishes towards the end of the simulated period. </li>
 <ul>
 <li>We expect closer convergence of Nordic- continental European and UK prices by 2028 as cross-border capacity between the different markets grows.</li>
 <li>Rising power consumption in the Nordic region due to new data centres, hydrogen electrolyser and battery factory projects is expected to boost prices and bring them more in line with continental levels.&nbsp;</li>
 </ul>
</ul>
<h2>Country-level effects</h2>
<ul>
 <li>Denmark&rsquo;s DK1 and DK2 bidding zones see the largest drop in prices without the cable in the forward years.</li>
 <li>DK1 power prices are around &euro;3.70 lower in 2025 but the impact diminishes and the simulation shows slightly higher (&euro;0.50) prices by 2028 compared to the base case. Danish prices are also supported given lower interconnection capacity to Germany without the West-Coast Line, which would have otherwise allowed for imports of cheap German power during windy periods.&nbsp;</li>
 <li>Meanwhile, we see that UK power prices would be around &euro;1-3 higher in the forward years without the Viking Link.</li>
 <li>Prices in all Norwegian bidding zones are initially &euro;2-3 lower and Swedish prices would likewise fall by &euro;1-2 in the simulation, but would only be &euro;1 below base case prices by 2028.&nbsp;</li>
</ul>
<h2>Exchanges</h2>
<ul>
 <li>Most significantly in cross-border flows, net exports from Norway and Sweden to Denmark decline by an average 235 MW over the first two years in the scenario.</li>
 <li>This highlights that under normal weather conditions, hydropower producers in Norway and Sweden have an extra avenue for exporting to the higher-priced UK market via Denmark.&nbsp;</li>
 <li>These are only indicative results, net exports to Denmark would naturally be lower/higher in dry/wet weather years.</li>
</ul>

<h2>Conclusion</h2>
In the simulation, Nordic and Danish prices would decrease initially by &euro;2-4 in most areas, but the bearish effect on prices eases over time due to more transmission capacity and closer price convergence with European markets.
Reduced net exports from Norway and Sweden Denmark suggest that some flows are redirected to the UK via the Viking Link.
The results provide useful insight into the market impact of new interconnectors between the Nordics and the continent/UK given the many projects in the pipeline.

At the end of 2023, the 1.4 GW Viking Link between Denmark and the UK received much attention as the world’s longest subsea power interconnector. Take a look at Volue Insight's scenario analysis without the cable and its impact on power prices in the Nordic region and the UK over the period 2024-2028. 

Viking Link Analysis

Our previous story, &lsquo;<a href="https://www.volue.com/news/pioneering-the-future">Pioneering the Future</a>: Volue's Game-Changing SaaS Grid Calculation Capabilities', outlines a vision of transformation through data-driven operations and automation. It also introduced Volue&rsquo;s innovative SaaS-based grid calculation support, a game-changer that empowers users with seamless access and drives efficiency in grid calculations. It&rsquo;s a story of empowerment and inclusivity, where every stakeholder, equipped with the right tools, can contribute to the grid&rsquo;s evolution.&nbsp;
St&aring;le Nilsen, Business Manager, Power Grid, Volue, writes the latest of our Power Grid series, where he delves into Volue&rsquo;s Automated Grid Connection solution.&nbsp;&nbsp;
<h2 aria-level="1">Volue&rsquo;s Innovative Solution to Ease the Burden of Increasing Grid Connection Requests Amid the Electrification of Society&nbsp;</h2>
Our previous article 'From Watts to Weather' highlighted the issues faced by electric utilities due to the introduction of electric vehicles (EVs), heat-pumps, and photovoltaic (PV) systems, leading to a new era of uncertainty and transformative challenges.&nbsp;&nbsp;
In our latest piece in the Power Grid series, we&rsquo;re focusing on Volue&rsquo;s innovative SaaS solution &lsquo;Automated Grid Connection&rsquo;, which is currently under development. The solution streamlines the process of assessing grid feasibility, enabling customer dialogue, and processing payments. It empowers users with seamless access to critical data and the capabilities to drive business processes forward.&nbsp;
<h2>Enhancing Grid Connection Processes through Automation&nbsp;</h2>
&nbsp;Most grid connection requests pertain to the low voltage grid, which typically serves residential households and small-scale industries.&nbsp;&nbsp;
While these connections are generally straightforward and can be processed swiftly and efficiently, the growing number of prosumers and the surge in solar production within the low voltage grid, coupled with the increased electrification of heating and transportation systems, have led to local bottlenecks. These bottlenecks need enhancements to the local grid, potentially resulting in costly handling processes and extended approval times.&nbsp;
One of the challenges faced by grid companies relates to managing customer communication. In the traditional grid connection process, customers primarily interact with electricians, who in turn liaise with the grid companies. This indirect communication can lead to misinformation reaching the end customer, potentially reducing customer satisfaction due to a lack of understanding of any issues that may arise.&nbsp;&nbsp;
<h2 aria-level="2">Volue&rsquo;s Automated Grid Connection Portfolio seeks to address these Challenges&nbsp;</h2>
&nbsp;By automating the calculation of short circuit currents, evaluating transformer and cable paths, and calculating the highest and lowest voltage in the low voltage circuits, a considerable proportion of grid connection requests can be fully automated. Volue estimates that 20-40% of all requests can be fully automated, and the rest of the requests can be handled more effectively due to pre-calculation of short-circuit and load-flow in the circuit. The best and most cost-effective cable-path will be calculated for new grid connections and the cost for excavating and materials will be estimated.&nbsp;
Requests that fail the automation process can be expedited more quickly due to pre-calculated values for all the above scenarios, making manual handling easier and less time-consuming.&nbsp;&nbsp;
<h2 aria-level="2">A Dedicated UX-Optimised Customer Portal&nbsp;</h2>
&nbsp;In addition to automated calculation and evaluation, Volue is developing a new portal for end customers. This portal allows customers to log in directly to the grid company&rsquo;s webpage and send requests. Our white-label solution will appear as the grid company's own portal.&nbsp;
Through SaaS capabilities Volue automates responses to the customer for straightforward requests and offers a payment portal for customers to pay the fee set by the grid company. The fee can be calculated based on actual costs using a product mix or set as a standard fee.&nbsp;&nbsp;
Customers can make payments using a card through a standard online payment process. If a request falls outside of the automation presets, it will be sent to the case handler, and the customer will be notified of the status in the manual process. Once the manual process is complete, the calculated fee can be invoiced or directly paid by the customer.&nbsp;
When communicating with end customers, we assume that customers may not have detailed knowledge of technical terms such as kwh, ampere, voltages, cable dimensions, and so forth. We have analysed how to obtain the bare minimum of information from the end customer and explain more technical terms in a comprehensive way so that they can provide the essential information.&nbsp;&nbsp;
Once a request has been approved and paid, it will be sent to our electrician portal where the electrician chosen by the customer can retrieve it and report it as finished.&nbsp;
Our total solution is a SaaS setup with comprehensive API support, enabling integration with grid company-specific case handling solutions and ERP (Enterprise Resource Planning) solutions.&nbsp;

Ståle Nilsen, Business Manager, Power Grid, Volue, writes the latest of our Power Grid series, where he delves into Volue’s Automated Grid Connection solution.  

Volue’s Innovative Solution to Ease the Burden of Increasing Grid Connection Requests Amid the Electrification of Society 

Power grid

Volue, a leader in technologies and services that enable its customers to succeed in the energy transition, has today announced the launch of its Insight by Volue Insight2Zero programme.&nbsp;&nbsp;
Insight by Volue provides all participants in the energy markets with the necessary decision-making support they need in terms of fundamental and price forecasts. &nbsp;
The Insight2Zero initiative will consist of several projects undertaken in 2024 to futureproof the Insight by Volue platform, with the goals of achieving improved forecast accuracy, more frequent forecasts, unleashing the power of AI, and implementing the capability for local area forecasts.&nbsp;
To support this, Volue also announces that the required preliminary work has already been initiated in 2023 to assess the potential improvements and feasibility of the implementation of Insight2Zero. This proactive approach ensures that the first of the new products and improvements will be introduced as early as Q2 2024, allowing our customers to benefit from the enhanced forecasting capabilities.&nbsp;
Customers will receive more accurate forecasts, custom models, and an increase in frequency of updated forecasts. These fundamental models form the basis of decision making in the short, mid and long term, ensuring Volue&rsquo;s customers will benefit from an enhanced value chain.&nbsp;&nbsp;
Benefits of Insight2Zero include:&nbsp;&nbsp;
<ul>
 <li data-leveltext="" data-font="Symbol" data-listid="1" 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">Forecasts with higher accuracy&nbsp;&nbsp;</li>
 <li data-leveltext="" data-font="Symbol" data-listid="1" 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">Increased frequency of the forecast updates&nbsp;&nbsp;</li>
 <li data-leveltext="" data-font="Symbol" data-listid="1" 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">Usability of the application is enhanced&nbsp;&nbsp;</li>
 <li data-leveltext="" data-font="Symbol" data-listid="1" 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="4" data-aria-level="1">Better automated handling of data quality&nbsp;&nbsp;</li>
 <li data-leveltext="" data-font="Symbol" data-listid="1" 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="5" data-aria-level="1">More robust and flexible platform for model development&nbsp;</li>
</ul>
Arnt Sollie, Senior Vice President, Insight by Volue, said: &ldquo;In light of the increasingly visible impacts of climate change, the importance of understanding weather is increasing.&nbsp;&nbsp;
&ldquo;Our analysis indicates that by 2030, the share of renewables in the energy mix will increase from today&rsquo;s 50% to approximately 75% in the European energy mix. Given that these renewable assets are predominantly powered by weather, it is crucial to understand the implications on weather driven fundamental data.&nbsp;&nbsp;
&ldquo;With Insight2Zero, we are committed to providing our customers with even deeper insights into these dynamics.&rdquo;&nbsp;

Insight by Volue launches its Insight2Zero programme to revolutionise forecast modelling  

Trees with cloud cover

Weather outlook

Volue, a leader in technologies and services that enable its customers to succeed in the energy transition, has signed an agreement with Fortum for the implementation of its Smart Power software.&nbsp;&nbsp;
Headquarted in Helsinki, Finland, Fortum is a Nordic energy company with the purpose of powering a world where people, businesses and nature thrive together. Their core operations in the Nordics comprise of efficient, CO2-free power generation and the reliable supply of electricity and district heat to private and business customers.&nbsp;
Volue Smart Power is a next generation software solution that automates and optimises production, planning, bidding and trading. It was developed in close collaboration with several customers and introduced to address the ever-increasing complexity of the power markets. This latest Smart Power deal with Fortum follows several recent partnership announcements.&nbsp;&nbsp;
Fortum will use Smart Power for inflow forecasting, improving the accuracy and thus allowing for more optimal use of water resources. Object modeling and data management will also be introduced, through the use of Volue Mesh, a fully flexible object-based data model. Data modelling with Mesh gives context to data; making it available, maintainable and accessible.&nbsp;&nbsp;
The work with Fortum will see them transition to the Smart Power software, including Volue Mesh, Nimbus as User Interface and new production planning tools for short term hydro optimisation. The associated improved inflow forecasting will allow Fortum to enhance their storage and high production capacities ​across spot, reserve and intraday markets.​&nbsp;
As part of its wider consultancy offering, Volue will work in partnership with Fortum&rsquo;s spot traders, dispatchers, intraday and capacity traders, delivering full training on the software solution. Fortum already uses Volue Algo Trader Power&nbsp;for its intraday trading​. By integrating the new Smart Power solution with Algo Trader Power, Fortum can enhance its asset-backed intraday trading further.&nbsp;&nbsp;
Trond Straume, CEO, Volue, said: &ldquo;Smart Power illustrates our awareness and appreciation that the automation of optimisation and trading processes are key if power producers are to stay competitive. Smart Power facilitates this, supporting our customers on the green energy transition and enabling them to seize opportunities for growth and profitability.&nbsp;&nbsp;
&ldquo;This significant partnership with Fortum is one I take great deal of pride in. Their work across Sweden and Finland, directly supported by Volue, will help to generate and deliver reliable clean energy.&nbsp;&nbsp;
&ldquo;By embracing automation and the strategic optimisation of assets, Fortum will join our clients across the Nordics, Europe and Japan to confidently navigate the ever-evolving energy market, enhancing their power production and contributing to the transition towards cleaner energy sources.&rdquo;&nbsp;
Martin Lindstr&ouml;m, Vice President Business Services and Transformation, Fortum, said: &ldquo;Fortum and Volue have had a long partnership over almost two decades, where Fortum has seen a clear positive contribution on our day-to-day trading processes. The Volue product suite&nbsp;has played a pivotal role in Fortum&rsquo;s ability to optimise our assets towards the markets and to create secure and sustainable production plans for our hydropower. This all contributes to our strategic priorities to deliver reliable clean energy and drive decarbonisation in industries.&nbsp;
&ldquo;As the market has been undergoing significant changes in terms of regulatory requirements, demand growth, high entrance of renewables and an increased price sensitivity, it sets new demands on Fortum&rsquo;s process and systems to continuously be relevant and successful. Fortum clearly sees the Smart Power software suite as one key building block for our continuation of secure, compliant and competitive trading and dispatching of our assets.&rdquo;&nbsp;

Volue, a leader in technologies and services that enable its customers to succeed in the energy transition, has signed an agreement with Fortum for the implementation of its Smart Power software.  

Volue announces partnership with Fortum for the delivery of Smart Power 

The transformation towards recurring revenues and Software as a Service (SaaS) continues. SaaS revenues were NOK 106 million in the quarter, an increase of 35 percent compared to the fourth quarter of 2022. Recurring revenue constituted 66 percent of total revenues and reached NOK 272 million in the quarter, an increase of 29 percent from the fourth quarter of 2022.&nbsp;&nbsp;
&ldquo;As we left 2022 a year ago, we pointed at non-recurring volatility driven revenues in the region of NOK 60 million that were unlikely to be repeated in 2023, leaving us somewhat cautious to the guidance of 15 percent long term organic growth for the year. With the fourth quarter report in hand, this effect for the year was approximately NOK 55 million and NOK 25 million in the fourth quarter. Bearing this headwind in mind, we are proud to report a quarter with record operating revenues, organic growth at 13 percent and growth including the latest acquisition at 21 percent. We achieved this through strong uplift in ARR, accompanied by dedicated operational focus leading to improved project delivery,&rdquo; says Trond Straume, CEO of Volue.&nbsp;
Volue&rsquo;s next-generation optimisation suite, Smart Power, was launched April 2023, and the solution had great momentum in the quarter. Agreements were reached with significant customers in the Spanish growth market, the new Japanese market and the Nordic home market. Additionally, the solution was brought live at two major producers in Italy, making Volue&rsquo;s position in the country unrivalled.&nbsp;&nbsp;
&ldquo;Having reached a sufficient base of Insight customers in Japan during the third quarter, we spent the fourth quarter following the Volue go-to-market playbook. In the quarter, we made our first deal for Smart Power in Japan. Our successful implementation of the Insight platform with the customer has already earned us trust, as we were scrutinised at a high level of detail, making the adoption of Smart Power a clear vote of confidence. To us, this is a proof point that Volue is delivering a product with global applicability for a global market, leaving us very excited for the road ahead,&rdquo; continues Trond Straume, CEO of Volue.&nbsp;
The Power Grid segment closed ARR of NOK 26 million during 2023, and the Spark ecosystem has attracted 16 smart charging service providers and four grid operators, introducing incentives for grid-aware behaviour. The Infrastructure segment closed 100 new logos in 2023, and the construction product line has reached 90 customers in Sweden. Furthermore, the segment now has customers from eight countries through incoming requests, fueling increased confidence in global scalability.&nbsp;
&ldquo;Our annualised ARR base has reached NOK 1,138 million, serving as an important metric for Volue. A key ingredient of that achievement is the work we&rsquo;ve done in the Infrastructure segment since listing. The segment is transformed, and during the process, we&rsquo;ve avoided the drop in top-line revenues, unlike most business model transformations in the industry. Now, we&rsquo;re enjoying strong growth, healthy margins and robust recurring revenue, while still keeping customer churn at industry-low levels. Altogether, the segment is in a much stronger position now compared to listing. When we speak about business model transformation &ndash; this is what good looks like,&rdquo; says Trond Straume, CEO of Volue.&nbsp;
Volue received the verdict from a legal dispute, as disclosed on November 18th 2023. The verdict, which is final and cannot be appealed, requires Volue to pay a settlement to the counterpart following a dispute from 2021. The fourth-quarter impact was NOK 57 million, of which NOK 50 million was booked as other operating expenses and NOK 7 million was booked as other finance costs. The expenses booked as other operating expenses are classified as non-recurring. Consequently, there is no impact on adjusted EBITDA in order to reflect the performance of the underlying business. Interests from 2021 of NOK 7 million and legal costs of NOK 6 million increase the total impact from the announced NOK 44 million to NOK 57 million.&nbsp;
"Our clear ambition is to be the number one software and software-backed service provider to the European energy system by 2030. The strong performance towards the end of 2023 confirms that we are on track," Straume concluded.&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 fourth quarter 2023 presentation on page 36.

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.

Arnstein Kjesbu

Chief Financial Officer & Strategy

Jacob Zeno Clausen Krøvel

Head of Investor Relations

For additional information, please contact: 

Oslo, February 9th 2024: Volue ASA (OSE: VOLUE) reported operating revenues of NOK 413 million in the fourth quarter of 2023, an increase of 21 percent from the fourth quarter of 2022. Adjusted EBITDA* was NOK 86 million, with an adjusted EBITDA margin of 21 percent. 

Financial Results for the Fourth Quarter of 2023

Dam in the winter

Volue, a leader in technologies and services that enable its customers to succeed in the energy transition, has successfully implemented its Volue Algo Trader Power (VATP) platform for EP Commodities. Having been users since June 2023, EP Commodities has been able to substantially increase its intraday trading profit.
They join over 70 companies from all over Europe, many of them being the largest asset marketers, that benefit from the services and solutions offered by Volue Energy Software. As a full SaaS service, the functional and technical development, maintenance, operation and advisory on creating sustained trading success are also essential components of the offering.
EP Commodities, which specialises in trading in energy commodities, is also using Volue Algo Trader Navigator. This decision-making trading platform is a tool to maximize values from renewable and flexible assets including batteries.
Roland Peetz, SVP of Volue Energy Software, said: &ldquo;The success of our partnership with EP Commodities perfectly illustrates the positive impact of VATP and the power of applying great tools and processes in trading. I look forward to continuing supporting our customers to enhance their earning potential through innovative and productive fields of action in short-term power trading and asset marketing.&rdquo;&nbsp;
Michael Beienburg, Head of Short Term Trading at EP Commodities, said: &ldquo;Volue&rsquo;s Algo Trading Platform has provided a great boost for our trading performance, and we are very happy with the user friendly and highly reliable solution.&rdquo;&nbsp;

EP Commodities Increases Intraday Trading Profit With Volue Algo Trader Power

Wind turbines

EP Commodities increases intraday trading profit with Volue Algo Trader Power

<h2>Gas Fundamentals Comfortable, but Risks Remain</h2>
The European gas market is in a good state. Current TTF prices around the &euro;30/MWh levels are still high compared to historical levels in the low twenties, but they are a lot down from peaks above &euro;300/MWh in 2022. Demand is still down following cuts during the energy crisis, and supply from LNG and pipeline is strong and stable. This has led to historically high storage levels, providing an important buffer for the rest of this winter and even heading into the next one. But pipeline and infrastructure concerns remain a factor. Focus is also on geopolitical risk and the situation in Yemen and the Suez shipping route. LNG shipments eastward to Europe have thus far remained unaffected, but in recent days we have seen signs that vessels from Qatar are also avoiding the Suez route. This is worrying, but replacement volumes could come from the US or other Atlantic sources. Barring any late winter extreme colds or events causing damage to infrastructure or severe disruption of LNG flows, European gas markets are set to come out of this winter in a good shape. We are facing a year where weak fundamentals is affecting carbon prices.
<h2>We are facing a year where weak fundamentals are affecting carbon prices.</h2>
Carbon prices have dropped considerably over the last couple of months, after having touched 100 &euro;/t during 2023. This is due to market awareness of weak fundamentals. We expect a drop of stationary installations&rsquo; 2023 emissions of 185 Mt relative to 2022 levels. Gas prices, affecting fuel switching prices, have proved important the last couple of months. With fuel switching prices dropping, this will lead to gas taking shares of solid fuels in thermal power generation. The economic downturn seems to have bottomed out, but a recovery may prove slow. We forecast emissions to drop further in 2024, as an increase in power consumption will be counteracted by the net inflow of renewables. Furthermore, the EUA &lsquo;frontloading&rsquo; plan, of auctioning some 250 Mt towards 2026, may serve as a bearish factor for the next couple of years.
<h2>Mild winter largely offsets other risk factors in Central Europe</h2>
Aside from two cold spells in early December and January, central-west Europe has seen a predominantly mild winter, capping residential gas and power consumption. The gas supply situation is healthy with European storage levels near 80% full more than mid-way through winter along with a continued stream of LNG imports.
Several geopolitical risk factors linger for gas supply, such as the ongoing Israel-Hamas war, attacks on shipments through the Red Sea, Panama Canal congestion and uncertain Asian demand recovery. Yet this has mostly been offset by the weak European demand outlook and elevated storages, allowing power and gas forward contracts to lose significant risk premium over the past year. Another cold spell this winter can&rsquo;t be ruled out, but the market sentiment is confident given robust supply balances. Weaker gas prices have also improved profit margins for gas-fired power plants, the clean spark spread, meaning we expect to see more coal-to-gas fuel switching in the near term.&nbsp;
On the renewable generation side, we forecast continued strong growth in solar PV capacity following the unprecedented buildout achieved in many countries in 2023. New major offshore wind projects will be commissioned or begin producing this year in Germany, the Netherlands and the UK. The CWE hydrological balance has grown significantly and is the largest surplus in over 10 years. Overall, we forecast wind, solar and hydropower output at around 170TWh in the CWE region and the UK in Q2, up 20% on the year.&nbsp;
French nuclear output has recovered from the lows of 2022 and we expect annual generation to stay on track with EDF&rsquo;s targets for the coming year.
After slumping in 2023, we expect power consumption across continental Europe to rise in 2024, supported by various forecasts for higher EU GDP growth. However, there are some barriers to this recovery particularly for industrial demand. In Germany, the state budget for climate projects was cut after a court ruling, clouding the future of both the country&rsquo;s energy transition and economic growth outlook.
The Viking Link (1.4 GW) interconnector between Denmark and the UK came online last year and this year will see the launch of the Greenlink (500 MW) between Ireland and the UK. In terms of markets, flow-based market coupling is due to go-live in the Nordic region in October and Volue&rsquo;s SpotEx model continues with internal parallel runs of it, and they so far show no significant impact on German prices.
In the short-term, we see prices continuing to drop as the cold weather fades and demand remains muted. Italy North and Poland are likely to have the strongest prices of the region, while the UK should remain at a premium to the CWE markets.

We kicked off the new year with a new round of our Market Expert View Webinars. Our analysts presented a status on the European energy market and gave an indication on what’s to come in the following months. Here are some of the key takeaways from our three sessions.

Highlights from our Market Expert View Winter Edition

Volue, a leading provider of technologies and services driving the energy transition, is proud to announce the successful implementation of its Smart Power software suite at A2A &ndash; Life Company.&nbsp;&nbsp;
A2A will leverage Volue's cutting-edge software to enhance bidding and dispatch processes in the Italian power markets, reinforcing their position as a key player in the evolving energy landscape.&nbsp;&nbsp;
Volue's Smart Power software suite will support A2A's strategic decision-making, power plant production planning, and optimisation across short-term markets, including day ahead, intraday, reserves, and TSO nomination. A2A operates a diversified portfolio of hydro, thermal, solar, and wind power plants.&nbsp;&nbsp;
The rising prominence of intermittent renewable energy sources has introduced market fluctuations and price volatility tied to weather conditions. Balancing supply and demand while integrating flexible generation and renewables is crucial for supporting the energy transition. With Volue Smart Power, A2A gains the ability to optimise their asset portfolios and capture maximum value across various power market streams, while significantly improving operational efficiency.&nbsp;
The collaboration with Volue has allowed A2A to design and apply more complex algorithms and models on their work processes currently in place. With these features, in fact, A2A is able to optimise the production of their power plants thanks to the software. The collaboration with Volue has allowed A2A to make work processes more efficient and flexible. The potential of the product has also allowed A2A to automate some key aspects of their daily operations.&nbsp;&nbsp;&nbsp;
Trond Straume, CEO of Volue, expressed his enthusiasm for collaborating with A2A, stating "We are delighted to partner with A2A during this pivotal time of increasing complexities in the power markets. By embracing automation and asset optimisation, our customers, like A2A, can navigate the evolving energy landscape with confidence." &nbsp;
Marco Boninella, Account Executive for A2A at Volue, highlighted the flexibility of the Smart Power software suite, stating, "Our collaboration with A2A has allowed us to replace a significant portion of their tailor-made processes developed over the years. This exemplifies the adaptability of Smart Power to market-specific rules and customer-specific processes. We are committed to supporting A2A's requirements today and in the future."&nbsp;&nbsp;
At the heart of Volue's Smart Power software is Volue Mesh, an open and flexible object-oriented data management solution. Mesh provides a comprehensive framework for modelling relevant objects, attributes, time series, and their interconnections within a portfolio. This contextualised data modelling approach enhances data availability, maintainability, and accessibility, empowering users to make informed decisions.&nbsp;&nbsp;

About Volue   &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 is active in 40+ countries.   &nbsp;
&nbsp;
About A2A:&nbsp;&nbsp;
Listed on the Italian stock exchange, with over 13,000 employees, the Group manages the generation, sale and distribution of energy and sale and distribution of gas, district heating, waste cycle, electric mobility and smart services for cities, public lighting, and integrated water service. Sustainability is at the heart of A2A's industrial strategy, and its Industrial Plan foresees investments of &euro;16 billion to 2030 in projects aligned with the UN Agenda in order to promote the country's sustainable growth and make the energy transition and circular economy concrete realities.&nbsp;&nbsp;
&nbsp;
Further information:   &nbsp;
For further enquiries, please contact Blair Grant, Senior Communications Manager, Volue.    &nbsp;
Email: <a href="mailto:blair.cameron.grant@volue.com">blair.cameron.grant@volue.com</a>   &nbsp;

Notes to editors

Volue, a leading provider of technologies and services driving the energy transition, is proud to announce the successful implementation of its Smart Power software suite at A2A – Life Company. 

Volue Successfully Implements Smart Power Software Suite at A2A – Life Company 

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