Powel signs a strategic partnership with the Italian software company Sinergetica
Powel has signed a strategic partnership with Italian software company Sinergetica to be better positioned to introduce Powel’s solutions to Italian energy traders.
According to the partnership agreement, Sinergetica will be the selected dealer in Italy for two leading solutions for continuous intraday markets:
Powel Intraday Trading, a web-based intraday trading tool connected to the intraday market, allowing real-time manual trading. It can also be connected directly to your portfolio management software, giving the trader access to all relevant data.
Powel Algo Trader, Automatic trading is supported by transparent standard algorithms, which can be supplemented by proprietary trading strategies developed inhouse (“white-box-approach”). This allows automating the whole intraday trading process
In the framework of the European XBID project, Italy is planning to launch a continuous intraday market for power in 2020.
“Sinergetica has an increasing client base in Italy and it is very well positioned to introduce Powel’s solutions for continuous intraday trading to Italian energy traders. The customers will benefit from our local presence during the implementation and configuration activities, implying detailed knowledge of Italian market peculiarities and client needs, says Stefano Merchiori, CEO of Sinergetica.
“Sinergetica will also provide client-oriented first-level support. In combination with Powel’s future-proof IT solutions and its long-term experience in continuous intraday power markets, this will bring additional benefits to our customers, thanks also to the built-in interface with Perseo Suite ETRM”, says Stefano Merchiori.
“The experience in mature power intraday markets like Germany has shown that continuous intraday trading offers significant potential for reducing the cost of imbalances, as well as for increasing revenues by continuously re-optimising flexible power plants. However, this requires fast execution of appropriate trading strategies as well as automation of short-term energy management processes. Thanks to its reputation as the market leader in Italy for ETRM solutions, Sinergetica is the right partner to introduce Powel’s solutions, which help its clients to gain a real competitive advantage”, says Josef Janssen, sales manager of Powel in Basel (CH).
Powel AS, with head office in Trondheim, Norway, develops and delivers business-critical software solutions to energy companies, contractors and the public sector. The company is a market leader within the energy sector and delivers solutions for energy production planning and energy trading, grid maintenance and operations. Powel has several offices in Norway as well as in Denmark, Germany, Poland, Sweden, Switzerland, and Turkey. The company was established in 1996, it is privately owned, and has 400 employees. Among its internationally renowned Smart Energy clients are Axpo, Enel, EON, Fortum, RWE, Uniper, Statkraft, and Vattenfall. www.powel.com
Sinergetica Srl (Lutech Group) is an industry leader in Energy management, Trading and Risk Management providing Cloud-based SW Solutions, Implementation, Process Consulting Support, and Business Process Outsourcing, backed by a team of senior professionals with +20 years experience in the Energy & Utility Industry. In September 2018 Sinergetica became part of the Lutech Group, fast-growing player in the IT market, with a solid position in Italy and expanding across Europe. Lutech supports the digital evolution of its Clients thanks to the talent and passion of more than 2100 professionals and the solutions of the +20 companies that are part of the group. Sinergetica has its headquarter in Genoa (IT) and a representative office in Milan (IT). https://lutech.group/en/markets/energy-utilities