Two More CTRM vendors You May Never Have Heard of
Let’s push on with a look at some of the other vendors in the space…..
Tigernix are a software vendor based in Singapore that offer an ETRM solution. They also have offices in Indonesia and Australia. Marketing a broad range of software solutions, the Tigernix ETRM supports power, coal, natural gas, hydrocarbon liquids and more, according to its website. The software includes many of the features needed like real-time market price integration, business process automation, hedging management, risk management and credit risk. It also features a module for traders with paper and derivatives coverage and another for the supply side in the petroleum products side of the business.
Ringhel in Romania is another ETRM supplier you might never of heard of. Founded in 2014, the company provides “B2B software solutions that enhance enterprise agility for the power and gas companies,” according to its website. It provides a range of software solutions in power and natural gas under the GeFEE product brand that includes trading, asset management, gas supply, balancing and more. Its website also features a large list of customers including some household names like EOn, Lukoil and RWE, for example. Ringhel recently concluded two contracts with Serbian utilities, expanding its activity there as part of the company’s development strategy to gain new markets for their software products. according to that announcement,
“The conclusion of two contracts with partners in Serbia is the first step in our growth beyond the borders of the country. Our solutions being chosen by the new external partners is a confirmation of the quality of our products, specifically developed for the needs of the players in the electricity and natural gas market, based on deep understanding of the concepts and processes in this activity. Our team is made up of specialists with strong background in the sector and therefore we like to say that we speak the same language with our partners, at home and abroad.
This simplifies a lot the implementation of our software solutions”, said Mihai Dârzan, general manager of Ringhel. At present, GeFEE software suite from Ringhel includes platforms dedicated to electricity and natural gas supply, electricity trading, electricity transaction balancing, and web platforms that allow operations with end consumers / customers, front desk operators or call centers and sales agents, as well as efficient management of bidding, contracting, switching, logging / disconnection processes.
The company’s portfolio includes over 50% of active Romanian suppliers, including CEZ, E.ON, ENGIE, MET Romania Energy and Restart Energy One. Ringhel is an IT company with full Romanian capital, set up in 2011, specialized in software products and services for the electricity and natural gas markets.
Please do use the CTRM Directory to search for and discover solutions for your business. It is easily searchable by category and alphabet. There are over 100 CTRM vendors listed there – many of whom may not be familiar but may have exactly what you look for.
