The leading European Energy Trader is a subsidiary of RWE and manages the Commercial Asset Optimisation (CAO) of RWE's entire European power plant fleet.
The RWE group has three operating divisions - Lignite & Nuclear, European Power (gas, coal, hydro and biomass) and Supply & Trading.
RWE has chosen Powel’s Smart Energy platform delivered as a Software-as-a-Service (SaaS) solution to help them optimise usage of their flexible hydropower plants. Utilising the flexibility of their hydropower assets in an optimal manner is an extremely challenging task with substantial economic consequences. The company needed this tool to improve the management of pump-storage units, and the pricing of the available asset flexibility.
“RWE is committed to an energy transition with security of supply. The platform from Powel will allow us to handle fluctuations in the power market much more efficiently. An additional goal with the implementation is to greatly improve our economic utilisation of the physical capabilities of our hydro fleet.” says Heribert Kresse at RWE Supply & Trading.
Powel will deliver Smart Energy modules for optimisation of their pumped storage hydropower plants. This will improve RWE’s utilisation of their hydropower assets both in reserve, day-ahead and intraday power markets and thus will help to increase the value of RWE’s entire generation portfolio.
“We are really looking forward to working with the highly-skilled people at RWE, particularly on topics related to pricing and delivering their reserve market obligations,” says Ola Lome, Project Manager in Powel.
“This contract is in line with our European growth strategy and is a very important milestone. Adding RWE to our German client list, alongside Uniper and E.ON, is testament to our position as a trusted international supplier of renewable energy production and trading solutions,” Lome says.
For more information, please contact:
Stefan Zähringer, VP Sales, Powel
Mobile:+41 (0)61 270 84 40