Energy One Positions as a One-Stop shop for Energy
Energy One had been actively making acquisitions – particularly in Europe, for a period of time and has since been focused on leveraging those acquisitions and building up a strategy and organization to support it that involved both software, services and, in particular – operational outsourcing. Recently, Energy One’s Mitch Exon took me through its’ strategy, which revolves around being a one-stop shop in energy. In essence, Energy One has created an ecosystem of software and services that supports the entire lifecycle for short- and long-term traders in energy that includes trading, short-term trading, risk management, scheduling & dispatch, settlement and invoicing combined with the ability to provide certain outsourced services on behalf of the client on a 24/7 or out of hours basis.
Today, Energy One is a leading supplier of software and services in the energy sector, listed on the ASX, with offices in Europe and Australia and over 350 customers with installations in 19 different countries, according to Mitch. Essentially, it is a one-stop shop supplier across the supply chain with a complete ecosystem of software and services. This includes loading external data of various types including time-series, through ETRM and short-term automated trading and market access, through nominations and scheduling to finance, treasury and settlement. “We can support all players in the market at any point along the entire supply chain,” he said. “Customers can grow with us switching on new capabilities within our software as needed or outsourcing services to us on a 24/7 or out of hours basis.” The ecosystem also includes automation tools allowing customers to automate complex business processes like complex PPAs, ad hoc reporting via Power BI, and powerful APIs to allow rapid integration as well as connectivity to various exchanges and TSO’s, he told me.
A big part of the one-stop shop capability is outsourced services on behalf of the customer, he told me. Here, Energy One has control rooms in France, Belgium and Australia with 30 experienced staff operating them. “We can provide services like auction bidding, monitoring of auction statuses, capacity bidding, short-term trading, nominations and matching, portfolio balancing, asset scheduling and much more,” he said. He also wanted to stress that the ecosystem covers the front to back office for commodities like power, gas, green certificates, carbon, financial coal and financial oil as well as futures, options, swaps, forward and PPAs. “All European product types can be pre-configured making implementation rapid allowing faster go-to-market,” he said, adding that it also has clients in north American markets.
“Everything is available SaaS, cloud based as well allowing customers to reduce their CAPEX and reduce costs as support & maintenance and all upgrades are included in the subscription,” he said. He was also keen to point out that it utilized an agile implementation methodology, supplied expert project managers and business analysts meaning that customers could get up and running very quickly. In essence, as he pointed out, Energy One was a one-stop shop and one that he felt was cost effective, innovative and efficient.
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